Thursday, May 20, 2004 5:41:03 PM
Undervalued stock? We will know much better whenever the company reports to SEC. If recent releases are true, we are undervalued 1 to 15. The issue is the "if".
From my following of this stock for years and doing as much DD as I could, I now beleive Veltex is for real. However it is still a non reporting company and that allows doubts and therefore makes this stock a speculation presenting high risk but low cost.
From what I can see and get from sources, I am optimistic that sooner than later, the cat will come out of the bag. As I wrote earlier, the company now (last 6 months or so) looks much more professionnal in whatever we can withness and/or read and I feel they are executing a plan of action leading to normalisation of the company.
However these feelings are obviously not yet shared by the market. Look forward to see whose feelings are right.
Patiently,
Roger
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