Wednesday, June 06, 2007 3:23:24 PM
No one knows how long the wait will be but since Matin once more gave a date for an audit to be released, nothing came out and that's after 3 full months.
It's obviously not business as usual. Something or someone caused Matin to stop issuing releases which had no credibility whatsoever anyhow.
It seems logical to me (putting the word logical and VLXC side by side is new to me) to assume that under pressure from some serious shareholders, Matin figured out that time has come to start behaving as the leader of a publicly held company should.
If so, whenever possible, the company should start coming out by outlining gradually what the real situation is all about then gradually work toward becoming a credible outfit one may want to invest in.
Matin having a lot of shares obviously, he must want to see them valued at least as much as all of us. For that to be, he knows he will have to be truthful with the market. I assume he will do it whenever he can without exposing himself under the law or when someone will be powerful enough to force him to behave.
I beleive that a combination of both these situations (possibility to behave and external pressure) is behind whatever is now going on.
How long will it take to secure a complete, honest and verified public reporting? All we know is more than 3 months were required but we do not know how much longer it will take.
I however beleive that it's a question of days (at most weeks) before the process of becoming transparent will start.
Let's see!
Patiently,
Roger
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