Veltex Corporation (VLXC)

[GratziPrego]

You mentioned that "someone" is buying and in a "rush to accumulate" - The volume that day was a bit over 150,000 which doesn't amount to much if you multiply by the closing price that day (between .03 to .05).

It doesn't seem prudent to jump to the conclusion that "someone is buying in a rush to accumulate" when the volume was pretty low. If the volume was over 400,000 or more with a steeper rise in price, then maybe we could hypothecate that someone is trying to accumulate.

Yes, someone bought in at the higher price, but remember that someone also sold at the much lower price also (the bid/ask spread is pretty wide).

(Also, if someone was trying to accumulate - this investor has not gone above .05 limit price, which means that we can expect that the price would pretty much hover at the current price or decline due to lack of sufficient investor interest)

Best wishes.