I very much doubt that anyone will ever bother investigating this situation, whatever happen in the future.
Whoever presumably would have to manipulate this stock, one way or the other, they were not influencing the market whatsoever, the price staying below 1 penny for months.
Assuming for a minute that Velyex is, as per the beleif of some, a scam, it has been a miserable failure and profitted no one seriously.
This is a pink stock issued by a non-reporting company and purchased by gamblers trying to make a quick profit (???) and anyone that would get burned and wanted to complain that they were misinformed thru message on an anonymous message board, would get the attention of no one, never mind any regulator.
On the otherhand, if this stock ended up going thru the roof, after insiders would have somehow accumulated millions of shares, who would complain and what result could he expect from his complaint?
Let's be serious, with everything that is going on in serious financial scandals nowadays, who beleive a Veltex type of situation would attract any attention from anyone? Seriously.
Let's enjoy the ride, hope there is a business operating behind the scene and wish that it doesn't end up as a total failure. Otherwise, let's (leave the table)sell whatever stock we have and put whatever is left in whatever we are interested in that costs only a few hundred dollars.
Unless this is what I call a reversed scam, I beleive that Veltex is a company managed by someone trying hard but not yet having the skills required to succeed. The only question should then be, can he survive long enough to learn and succeed somewhat, sometime or will he fail and have to fold?
Whatever the case, we will have plenty of "I told you" messages to read and that will be it.
Enjoy.
