Veltex Corporation (VLXC)

[shrotker]

If Veltex acquired more mills it would be a material issue and mandate public disclosure.

It is my opinion that the additional shares, if verified, were used for financing. Matin wanted 1 million dollars in 2004 and he wants 2 million in 2005 to grow the business. If he sells stock at a 50% discount that would have cost 5 million shares IF all the shares were issued on the date of the R/S. If they were issu in the weeks that followed when the stock was selling for .65 it could have added up to more than 9 million shares. It was probably somewhere between both extremes as there were probably multiple lenders, one of which may be responsible for demanding that Matin try to get on a better exchange.