Interesting! I always wanted to understand that.
In my case however, this should not impact me very much since I decided to sit on my shares till something happens one way or the other. I then stand to loose $1500 more or make a killing.
Two scenarios are possible (I do not dare put probabilities on them):
-The company folds and we will have been taken for a ride by a crook.
or
- Audited financials will be released before year end,
- Bottom line will be anything but disastrous (that would send the share at between 5 and 10 cents within few months)
- A reverse split will be done (between 50 and 100 to 1)
- Veltex will get listed on AMX after few more months of trading in the $3 range.
I consider that to be an all or nothig bet.
Assuming Matin not to be a crook, I assume that at some point in time he will enroll someone that understands the "American culture" to help him.
On the otherhand, if he happen to be what some herein think he is, he will have screwed a scam and will have made 10% of what he could have if he had managed it with minimum intelligence.
Personally, I think the guy does try hard, does not listen to the right peoples and runs the risk of living thru a failure, thereby not getting himself rich.
I beleive there is a company operating thru very difficult circumstances and I hope Matin will have the smarts to get the right people on his team.
Finally, I also beleive that we will find out the bottom line pretty soon.
At least the real stocks of mine (including a couple more bets) are financing my game finally...
Best of luck (after all we are gambling) to all.
