Tuesday, December 28, 2004 10:13:01 AM
When I first got into Veltex, there were 40Million shares outstanding. He had issued a PR at the time that said he "would keep issued shares to a minimum". Over the course of the next few years, he had Issued 200Million shares, then gone through a 1 for 100 reverse split and kept the authorized share count at 200 Million. Sooner or later the SEC will catch up to this guy.
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