Veltex Corporation (VLXC)

[pual]

By building Veltex Corporation in this fashion, he gave the company these unusual advantages: "A credit line supported by revenues from Velvet Textile Mills." (source: http://www.otcgrowth.com/showcompany.cgi?companyid=00000008 )

My thinking (Hypothesis as usual) is that trying to create an empire made of multiple synergetic components (see Dec.2002 business plan) he created a hole into which consumed a lot of money (he already admitted the transportation disater) forcing him to extensively use the said credit line.

I suggest that may be the recent instateneous growth of 4,000,000 shares (worth more or less $10,000,000) was used to re-imburse his loans from Veltex Mills, before he can have acceptable audits produced.

As for the most recent 500,000 shares, they may have been issued to complete the one year old purchase of KCA.

The next few months should be quite interesting ... ONE WAY OR THE OTHER.