Veltex Corporation (VLXC)

[pual]

The only thing we seem to know (some can go and see for themselves if they are close enough) is that the company is actively trying to get sales (another Business show announced today).

Therefore there is an operation out there and PRESUMABLY it's growing fast and profitably (assuming financials released by the company to be close to reality.

Then assuming 200,000,000 O/S, for the PPS to become $ 0.50 (assuming a multiplier of 12) we would need a profit per share of $ 0.04.

"Net income in the first quarter totaled $857,306." ...

Assuming 4 quarters of this quality, net income for 12 months would be + or - $3,500,000 or 0.0175/share (X by 12 = $0.21/share).

Two questionsto be answered to "imagine" a $ 0.50/ share, the first one being THE key:

1- ARE THE STATED REVENUES FORECASTED FOR THIS YEAR REAL (over $ 25,000,000)

2- This being how far down the road can thes be doubled?

That's the way we should look at it ... IF ONLY MATIN DECIDED TO OPERATE "HIS" COMPANY NORMALLY.

Till then, we sit on shares wort a penny or so (accepted value of the company or capitalisation of less than $ 2,000,000.)and everything else is pure speculation, one way or the other, even a dream or nightmare, whatever way you want to feel.

You want to see shares at $0.005 ... IMAGINE ugly scenarios.

You want to see shares at $ 0.50 ... IMAGINE great scenarios.

However, IMAGINATION having to start from a CREDIBLE basis, right now, even that is not realy possible.

CREDIBILITY WAS, IS AND WILL REMAIN THE ISSUE TILL MATIN DOES MOVE HIS A..!

The fact that he refuses do do it is what worries me.

Why accept to use shares worth 1 penny to finance "transactions", when he can do it with shares worth $ 0.20?

Something fishy is going on behind the doors but do not ask me what.