Veltex Corporation (VLXC)

[jhawk75]

Paul/Roger I have a question for you and I'd like to hear your opinion.

Veltex at one point was going to issue 18 mil shares to buy the mills in Bangladesh. Veltex also claims to own the mills in Bangladesh. Veltex says the issuing of the 18 mil shares didn't occur because the BOD decided against it.

If Veltex actually does own the mills in Bangladesh, do you think it is possible that Matin was issuing the shares to put the money in his pocket? He could claim to be using the money for business purposes, then transfer the money to some account in another country. Maybe the BOD decided against it because they realized it would be hard to hide that from the SEC if there were going to be audited by them. The SEC would want to know why the company cliams to own the mills, and then the company issues more shares to "purchase" the mills.

Just a thought. I'd like to hear people's responses.