Veltex Corporation (VLXC)

[pual]

It would be interesting to have an interpretation of this from someone (unfortunately I am not qualified) able to explain us what impact this may have or not on us.

At the end of 2002 (Anne Tahim disclaimed report) it was said that the Bingladesh operation (I however still do not know what we own or not) had the following on its balanc sheet:

Retained earnings - Unrestricted: $4,181,981
Retained earnings -Restricted for tax holiday: $1,859,128
Other comprehensive incomes: $395,694

Applicable taxes should already have been paid in Bengladesh before these were defined.

Assuming ownership (partial or complete seems qualifying for this new agreement) could Matin have access to these funds (now presumably very much more important) to be used in US without additional taxes?

Knowing the Matin's efforts to get to new capital, does that open some kind of opportunities he didn't have up to now?

Could that + possible negociations with serious investors be the reasons behind the recent Matin's decision to finally accept to invest in an audit (assuming this to be the thruth)?

For sure Matin doesn't try to hide from legislators and keeps quite a high profile for someone presumably (according to some) only conducting a scam.

A lot is going on around the company according to what we are said and now in regulations potentially having a serious positive impact on its financing.

May be (just may be) something significant justifies current PPS after all.

We shall see.