Veltex Corporation (VLXC)

[invest1980]

Who says that you can't just issue shares in a penny stock? You kidding me. How in the world do you think Matin has been able to retain control of the company after issuing 200 million shares, going though a 1 for 100 reverse split, and then issuing another approximately 5 million shares. I am willing to bet that for every share he issues to the public he issues one to himself under the pretense of services rendered.

Matin has been playing this audit game since 1999 claiming to want to move off the pinks and each time he goes through the cycle he sucks in newbies. Yeah, there may be an audit for 2003, but my guess is that you wont see it until the end of 2005, and then Matin will be ready to play the game all over agin with the 2004 audit in the year 2006. You think Matin really does not know how long an audit takes for his company after playing the game with the 2001 and 2002 audits?