Veltex Corporation (VLXC)

[pual]

We may beleive whatever we want of Matin. Crook, incompetent, honest exec havig cashflow problems, ...

I know for a fact that Matin was in a realy bad cash situation as of Mid October. However, I do not beleive him to be outright stupid.

Then I wonder? Why would he throw away 4,000,000 shares at 50 or 60 cents, just before he issued a PR (Oct 25) which got the PPS right up to $ 3.00 (from close to $1.00 to start with).

False or true, releasing a PR as the one of Oct 25th obviously was allowing him to dump a lot of shares at more than $1.00 and get at the very minimum $1.00/share.

This guy is realy confusing us all and I sincerely have no clue what he is doing between his lies and his actions...