Veltex Corporation (VLXC)

[pual]

We all knew for 3 months that Matin wanted to issue new shares (up to 18,000,000) to acquire or recuperate Veltex Mills.

As for daylu trading it certainly did not demonstrate that new shares had or not been issued. As a matter of fact, even today, we only heard (read) of a float of 1.3 or 1.5 million shares.

Finally related to the behavior of the company, up to now, it's always been very deceptive and only serious audits (hopefully revealing the arrival of new directing shareholders) and normal reporting could change this fact.

Personally, till something credible and verifyable comes out, I see the odds to be 50% that the PPS will drop and 50% it will go up because we have no clue what's going on behind the doors.