Veltex Corporation (VLXC)

[pual]

Looking at both (VLXC and NWAU, it presents the same risk. All you know is what the CEO wants to make you beleive. Both also promisse to report soon.

Capitalization of NWAU is ($0.38 X 8,500,000 shares) $ 3,230,000 whereas VLXC's is ($3.55 X 2,000,000 shares) $ $7,100,000.

Multiplier seems to be ($0.38/$0.30) 1.27 in the case of NWAU and ($3.55/$3.00+) 1.18- in the case of VLXC.

NWAU: 52 weeks low: $0.13, high $0.54 (4.15:1)

VLXC: (no source since the R/S) my recollection is: low of $0.65 (0.0065) and $3.90 (6:1)

Not much possible in term of DD but effectively both seem to present the same kind of opportunity and risk.

As for the reputation of the CEO, my understanding is that NWAU's has only been on board since recently (???)

Finally, The followings do raise a question with me.

NWAU: "Navicom Inc. began operating with positive cash-flow during the 3rd quarter of 2004. In addition, Navicom is projecting the 4th quarter of 2004 will be its first profitable quarter in more than two years."

VLXC: According to what is being said, it's been continuously profitable for 5 years or so.

I think both are nice toys to speculate on (if that's your game ... not mine)

Best of luck.