I was away from my pc for 2 weeks (10 trading days) and came back today to find out that only 5,000,000 shares were traded over this period and PPS remained almost stable. Considering that there are 188,000,000 shares outstanding now, this tell me that shareholders do stick to their shares and wait for whatever is needed for this stock to have a PPS reflecting what it apparently is worth.
If this company is anything close to what it is claimed to be (I beleive it to be), a capitalisation of less than $2,500,000 is just ridiculous.
Your note from Paul is interesting in saying "I spoke recently to their attorney, who said that process (to become fully reporting and (at least) list on the OTC BB) has begun". It says that these mandatory developments are upcoming, even if our expectation as to when that will be has to remain low ("it would be long and difficult to accomplish").
As for shares issued, I wonder what kind of "transactions" they were used within ??? To my knowledge, Veltex has not recently acquired anything justifying a news release ???
My opinion is that these shares are going to insiders or close ones and the remaining 12,000,000 will endup in the same hands (at current rate - 7.5MM/month - this should be completed by next October. I beleive that's when the "attorney" will deliver whatever Paul refers to. I wonder if this time frame does reflect the "it will be long" statement by Paul.
Whatever the case I (as most) sit on my shares and wait. If the owners of 180 MM shares or so keeps them, I certainly want to be part of this group to share in whatever the final outcome will be... whenever that will be.
