Let's have fun and answer your questions.
First you know as much as I (i.e. NOTHING) about what the outcome of that game will be.
Second, the problem with negatives is that they make short, unsubstanciated claims such as "this IS a scam", "Matin is *&?&*?%$", and so on.
Third I often documented WHY we may endup winners out of this "GAMBLE":
- How come, whatever is presumably being reported to authorities, Matin is still live and kicking?
- Why throw in 10's of millions of share at half a penny without a single (lie) or release (over 3 months now) to at least get the price up for few days or hoursÉ
- Who is bying all these shares at up to 1,000,000 shares a pop?
- Why would someone presumably reputed to be honest and competent (V.Duff) stick around, admit Matin has difficulties of all kind (including understanding the american business culture) and say that Matin doesn't listen to his advisers?
and on, and on, and on, ...
Finally, this being a GAMBLE, we may also loose all. Why? Let's see:
History suggest that Matin MAYBE either, stupid, incompetent, unrealistic, lyar, depth to experienced advices or all the above.
-To say the least, an unrealistic business plan issued on December 4th 2002
-Incredibly the publication of an audited set of financials ... by error???
-Multiple unfilled commitments
-Admitted bad deal with people that ended up being boat anchors
and on, and on, and on...
This has been said time and again (here as well as on the other board for frustrated chatters most likely not having a single share on the table).
"why would you think matin would do anything he says."
"think" and "would" are the key words in your question. (quite different from "believe" and "will")
Let's answer by another question (assuming you sometime BET):
"Why would you think the roulette could stop on the number you have put your money on?"
Veltex IS a pink sheet stock of a non-audited, non-reporting company having a quite negative past. That is why IT IS A GAMBLE.
Anyone that wants to INVEST would stay miles away from it or most other PS stocks of that kind. THIS IS A GAMBLE that can go either way.
If you realy want to invest, find real companies, audited, reporting and being listed on well regulated markets.
If you do not have much money, do your DD, find small value stocks having future and invest in them, reducing your risk (there is always risk).
Opportunities have been around, particularly over the last 12 months (as an example, you could have bought NT for $0.43).
Other AFFIRMATION OF YOURS:
"he sells his stock , thats it'"
Let's assume it is so and he sold 100,000,000 shares at an average of $0.007 over the last 12 months. That is $ 750,000 less whatever expenses he incurred during that pariod. Personally, I have a hard time that this justifies the scam you presume Veltex to be.
The other question I have is who bought them all? Who, in September 2003 feels reasonnable to buy 250,000, 500,000 even 1,000,000 of these shares and why?
May be some can afford to BET $1,000, $2,000 or $4,000 on such a GAMBLE? Who know? Some play Baccara at Casino where other only play the % cents slot machines.
The key is: "WHO KNOWS".
