Veltex Corporation (VLXC)

[pual]

Recent dilution

Between June 30th and Sept 24th, according to the company site and the pink sheet one, the company issued 42,532,000 new shares generating $250,000 to $300,000 ($0.006 to $0.007per share). That means that over the last 3 months, Veltex needed about $100,000 per month to make the ends meet.

Notwithstanding our enthousiasm of not seeing the number of issued shares to be in the 200,000,000 range, issuing 15,000,000 shares per month to pay the grocery is not necessary a great news.

Short of having a reliable understanding of what is going on within the company, we are like the guy meeting his doctor and hearing: "I have a good and a bad news... The good news is that you do not have aids, you are not even positive and you are still alive ... The bad news is you have a cancer and will die in 5 months (75,000,000 shares used at a rate of 15,000,000 per month)...unless a miracle is made in understanding this desease within the next couple of months (audited financials showing potential).

A fundamental question that we need answer to is: what was this money used for (acquiring assets or paying bills???)? Is the company building assets or surviving on a cashflow basis?

Till we see reliable financials, we still are in complete darkness and are gamblers hoping to have a good bet on the table.

For as long as there is life, there is hope ???