Veltex Corporation (VLXC)

[pual]

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Veltex Corporation
Stock symbol: VLXC.PK …………………………………..Float: 1,300,000 (est)

Stock price 10/28/04: $2.60……….Common shares (10/28/04: 2,000,000 est)

It's only an estimate (probably based on old data) but it still shows 2,000,000 as of yesterday (I doubt that).

Wishful thinking:

Could it be that Matin could not get his funding on the basis documented herein by shrotker but met a serious potential investor promissing whatever funding Matin needs if he normalize (audit and report to SEC) the company.

Then:
- no additional shares had to be issued ... yet However, I assume that in this case, the financier will have set a garantied PPS for the future)
- Matin understood that the money required to normalize the company was not that bad an "expense" after all.


Once again, only Matin knows what he is doing (not necessarely what he is saying).