Veltex Corporation (VLXC)

[pual]

From what I've been told by a freind of mind, the money made in Bangladesh (and it's the case with many countries) has to stay in Bangladesh because something like 30% of it (+ or -) must be invested back into local businesse, in order to comply with provisions of the 'tax holiday' in effect out there.

Additionally, if it gets brought into U.S., another 35% (?) gets taken in your taxes (I however do not know if that can be used against past loses of the company).

So, assuming an 'accumulated profit' of $4-million (end of 2002) in Bengladesn, if Matin want to import it in U.S, he has to spend 30% or $1.2-million in Bengladesh (that could be part of the justification for the recently announced LOI) or give it away to the local government (???) and of the $2.8-millions that would make it to U.S. 35% or $1-million would have to be handed to mr Bush. Matin would then only get in U.S. (1.8/4) 45% of the original amount.

I stand to be corrected but that how I understood what what explained to me.