Veltex Corporation (VLXC)

[pual]

3,763,500 shares traded within 24 minutes this morning (+ or - $15,000 worth). The average transaction (13 transactions was worth + or - $1150.

This may only be "gambling" but the game is more serious recently.

On the selling side, we either have a Matin desperate for any cash he can get, MM's playing their game or insiders setting themselves up for quick profit. Who knows???

Still it is a fun game but I feel it is getting close to the end. I beleive we will soon be fixed on what this is all about.

By the way, just to say that this type of situation is not necessarely a sure loss even if high risk, I have one of my bet that followed the same type of history VLVT has us go thru. Since mid August, there was somewhat bigger activity on the stock and this morning important volume got the price up 60% within an hour and it is halted since 10:20AM. Called my broker to see who initiated the halt (TSX could have done it and that would have been worrysome) and he told me it was initiated by the company, pending news.

May be we will live thru similar events soon with Veltex ???

For as long as there is life, there is hope. But I do not hold my breath, just enjoy life.