A very happy new year to all and I mean all.
My view of Veltex in 2005?
Within the next 6 months the cat will be out of the bag, some in here will have been right and some will have been wrong.
To me, those trading in and out are irrelevant but I respect their game and wish them the best.
Personally I have been and intend to remain long till the full story comes out, keeping the option to "escape" if the stock goes under $1 (by the way, $1 or 4 quarters to me is the same (referring to the ridiculous debate of pre vs post R/S ???)
Within the next 6 months, of two things one:
1- The story will come to an abrupt end, leaving those with shares on hand in the emptyness, having no recourses whatsoever (SEC, in cirrent days has much more interesting fishes to fry and in such a scenario that's what Matin and few other bet on).
2- More likely however (JMHO), Veltex will become a much more normal, audited, reporting company and will stop being a ONE MAN SHOW. IF what seems to be going on now (claimed audit, number of shares getting issued, ...) ends up being true, Matin will become a large shareholder (will not have full control) of a restructure company, following repair of past errors and hidden facts (some could call them lies).
Fortunately, my next mandate will get me on the road for these next 6 months. This will allow me to be much less involved on a dayly basis trying to debate opinions (some will certainly appreciate) and trying to figure out logical explanations for apparent illogical behaviors.
I assume that next August (at the end of my mandate) I will have figured out if this ended up being a great or bad SPECULATION.
In the first case I will enjoy a portion of a large profit, riding the other portion as I do for my other INVESTMENTS.
In the second case, I will take whatever loss I have to and have had my money worth of fun following this story and debating on this board.
Again, May 2005 keep all of you and your close ones healthy (the only realy important thing in life) and bring you financial success, with or without a contribution from Veltex.
