Veltex Corporation (VLXC)

[joelawyer]

I personally met with Matin in Chicago in July '04 at the Chicago Trade Show. The booth and employees who were there were top notch. I spoke with Matin for 20 minutes privately, and he satisfactorily answered all of my questions. I am an estate planning attorney in the suburban Milwaukee, WI area.

Rawnoc, you would be doing all longs a great service if you were to be able to go to the headquarters during an average work day and ask to see the operations. With as much revenue that they are reporting, it should be a veritable beehive of activity filling and shipping orders. Granted much of the revenue may be the result of factory direct shipping of bulk materials and cloths for auto industry, etc., but there should still be considerable activity at the headquarters to evidence this kind of reported business. With you living only 20 minutes away, this would be extremely helpful to all of us who are hanging on pins and needles to be assured that this is indeed a real company reporting real and true revenues and profits.

I have actually given serious consideration to going to Bangladesh to check out the factory. I just may do that if I could find someone else willing to go and importantly some contact that could guide and help in-country. I own 20,000 shares, not huge, but certainly enough to be concerned.
We longs must work together to verify any way possible the information we're getting. Who ever can help, speak up!!
JoeLawyer