Veltex Corporation (VLXC)

[pual]

Absolutely but let's first see if he can deliver a credible audit for 2003.

If he does (and report to SEC) and shows anything close to what he has released in the past, we should see some king of PPS growth to the $3.50 range (we know what number of O/S it should show).

This precedent being in place, then the 2004 audited results should become available sometime in mid-February.

Again If numbers looks anything as those we saw this week, we can expect great PPS, however limited by the number of O/S this will show (effective Dec.31).

That's the optimistic scenario many of us waited for, for years. Doubts are therefore justified right now.