Veltex Corporation (VLXC)

[invest1980]

Your conclusion is very wise. I wish I would have done the same thing a few times. Buy and Hold is a sure way to lose money with a lying snake like Matin at the helm.

The last press release was a complete smoke screen and is easy to see through. Matin needed some way to get people to rationalize why there were now over 6Million shares issued
so he mentioned (something that was supposedly done back in spring of 2004 with pre-split shares) the completion of the KCA Garment acquisition again. Nothing in the press release ties the additional shares to the KCA purchase, but looks like Matin wanted people to rationalize that the additional shares were used to complete the purchase, even though they were probably used to line his pockets (how elese can you explain printing shares on a continual basis and still having enough shares to keep control). The man is a complete and unethical snake in my opinion.