Veltex Corporation (VLXC)

[pual]

"$0.4/share puts VLXC total price tag at just over $7 mm. I do not know how fair this may be.However, if my suspected floorless death spiral plays out, the share price could be driven down to as low as $0.05/share or less ..."

Cannot disagree or agree since we know nothing but whar Matin says and this, considering his credibility = Knowing nothing.

For as much as I am concerned, Matin may very well have not done anything looking like forming "a Special Committee of outside advisors to consider strategic alternatives to improve its capital structure and maximize shareholder value through growth and other strategic opportunities."

That could be anything from the "honest thruth" to "an outright lie" going thru a "tactic to screw current shareholders."

Took me a long time to give in but I have ABSOLUTELY NO TRUST IN WHATEVER MATIN SAYS.

Took me a (to)long time (honestly did try to beleive somewhat) but I now have given up.

However, this being part of what I refer to as my "highly speculative portfolio", and the money therin being of small importance to me, I still keep these share (at $0.30 I do not realy care) waiting for the final outcome (i feel it may be more or less 2 months away).