Veltex Corporation (VLXC)

[shrotker]

Up to you Sam. There have been inconsistancies in statements that bear investigation if you think it will be productive. Depends on what you want to happen. If you are long this stock and I imagine most here are just that why do anything to drag down the company? If you got burned and bought at over 3.00 then perhaps it may be something you wish to do. I was only trying to get the SEC to tell the transfer agent to release the figures. Notice that they never addressed my original question.

I think what we are all doing is waiting for these promised audits for the answers we want. I just hope that the 2003 audit is nothing like the 2002 audit that contained a disclaimer from the auditor. In that statement there was reference to the fact that 90% of the revenue came from Bangladesh and that the auditor used figures that were supplied to them.

I still cannot see Matin allowing an U.S. auditor access to Bangladesh. I wonder what the auditor can have access to if we do not "wholly own" the mill. I feel that the 2003 audit will be worthless as regards verifiable information and I hope that the 2004 audit is better. If we only "wholly owned" the Mill then I would feel more comfortable in this regard.

I've got to say that if you are a day trader this stock is providing some pretty good opportunities for short term gains.