Veltex Corporation (VLXC)

[invest1980]

Rawnoc,

You notice in the other days press release the following paragraph:

"As previously announced, Veltex recently consummated its acquisition of KCA Garment Industries through the issuance of additional shares. The Company now has 6,676,035 shares outstanding and is expecting total 2004 revenues to be around $40 million with approximately $7 million in net earnings."

Notice the word smithing so that Matin does not actually say how many additional shares were actually issued to consumate the acquisition? It is written in a way to imply that all the addtional shares were issued to consummate the transaction, but he does't actually come out and say how many shares were issue to consummate the transaction. Matin is so transparent...