Wednesday, October 04, 2006 7:23:19 AM
What does it say? The company has hired yet another company to "improve" the stock price. They now have a committee of one consisting of an official of that company. The statements from Veltex about going to a better exchange and how undervalued the stock is have been made many times before.
Here's my translation on the pr and what it really says:
"Hey everybody, We can't produce a legit audit so we're making yet another worthless and futile attempt to make you think we're worth much more and really thinking of moving to a higher exchange."
A company that wants to be taken as legit doesn't gag their agent on how many authorized and outstanding shares are out there. 99.9% of the info on Veltex is provided by, yup, you guessed it, Veltex. Until that changes this stock, in my opinion, is going nowhere but down.
DWP
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