Veltex Corporation (VLXC)

[shrotker]

I have the e-mail of the guy from the SEC who answered me. I still don't see anything unlawful that I can put my finger on. If Veltex (Matin) holds a BOD meeting and issues shares I don't see the crime. Let's face the fact that there are 200 million shares authorized and the BOD is well within it's right to issue them as it sees fit.

So what if Matin ownws a private interest in the Mill. Why can't the company buy his share of the business? Happens all the time. What if a company bought a privately owned business and made the private company's owneer the CEO of the new company and paid him with shares in the new company. It's just like an IPO except in this case it's Veltex buying all the shares from it's treasury instead of through a public offering.