kingnazzikanazzer, Sky-King
"Don't really know what to make of that."
"How can we find out?"
Notwithstanding my hope (dream???) that our number will come out some time in the future (???) There will realy be no way to answer our questions, whatever they are, till Matin decides to come out of his hole.
Any realistic expectation however has to take into consideration that:
-The company still is not generating whatever cash they need to face their obligations,
-Over one year to audit a small firm like Veltex, doesn't make sense
-Past experience should convince anyone that Matin's word is not worth the paper it is written on.
This being said, if you want to be somewhat optimistic,you cann imagine scenarios justifying letting your "bet on the table":
-May be Matin (and/or his close ones) do accumulate shares at very low (almost no) cost for futurevcapital gains (not ethical but we are in the 21st century and do witness much worst in all the market)
-May be hard to understand difficulties render the issuance of seriously audited financials specially difficult
-May be ...
In my mind the only way "to find out" is for Matin to "demonstrate" thru verifyable means that Veltex is effectively a real business and give us means to validate this (his word, considering past experience is not even worth the value of 1 share).
Till then, whatever we see or read will not be helping us in answering "what to make out of that.
Veltex is a pink stock of a non audited, non reporting company and therefore is a blind date that presents very large risk.
Unless you can afford to bet a few number of $$$ for shares you can buy at half a penny per share, you should not even look at it.
On the other hand, if you already own shares (as I do), if you can afford loosing half a penny per share, let the dices roll till they stop.
Till reality finally gets known, all you can do is to enjoy this board and try to make return on investments somewhere else.
Assuming Matin not to be a crook or a totally incompetent business person, the least we can say is that he has no respect whatsoever for his shareholders and the is poorest communicater I have encountered in my 30+ years of experience in the business world.
Till further notice, enjoy this board.
