Our shares can be worth between $1.50 and $35 depending on what Matin does or not.
In my view current downward risk is about $ 2.00/share (Longs herein should have a cost of $1.00/share or less)and upward potential in more like $30/share.
For the moment, optimism, realism and pessimism are the only possible justifications of decisions to Buy, Hold or sell.
IF (a big one):
BEST CASE
1- There effectively is only 2,000,000 O/S out there (???)
2- We effectively own 100% of Veltex Mills, therefore KCA (???)
3- Credibly audited 2003 financials will be released sometime next month
4- These are reported to SEC thereafter
5- Credible audited 2004 financials are produced early next year AND confirm currently quoted numbers.
6- Veltex gets listed on AMEX within first half of 2005
Then our shares could easyly be worth ($ 3.50 profit/share and multiplier of 10) $35.00/shares (???) mid-2005.(Capitalization = $ 70,000,000)
POSSIBLE INTERMEDIATE CASE
1- There is 12,000,000 O/S out there. 10,000,000 new shares (current PPS justifies less than the previously mentionned 18,000,000) were issued to buy Veltex Mills.
2- We thereafter own 100% of Veltex Mills, therefore KCA (???)
3- Credibly audited 2003 financials will be released sometime next month
4- These are reported to SEC thereafter
5- Credible audited 2004 financials are produced early next year AND confirm currently quoted numbers.
6- Veltex gets listed on AMEX within first half of 2005
Then our shares could easyly be worth ($ 0.55profit/share and multiplier of 10) $5.50/shares (???)
WORST CASE (My opinion only)
1- Notwithstanding the number of O/S
2- There is no audit reported in December (therefore no reporting and no listing on AMEX)
3- Matin maintains his current stories (that the market has to give blind faith to)
Then (I beleive that there is an operation being built in USA with a certain success) our shares would remain a toy for traders and MM's and our PPS would vary with the desire of Market Manipulators, out of a base PPS of more or les $ 1.50.
