Veltex Corporation (VLXC)

[pual]

Posted by: pual
I haven't change my mind. The following has to happen. Otherwise we will keep debating the "sex of the angels" forever.

Date:12/2/2004 Post #of 6642

Step 1: FY2003 audited financials (Were past PR's accurate)

Step 2: Reporting to SEC (Get back some credibility)

Step 3: FY2004 audited financials in due time (Veltex would then become a credible company and shares would go from "speculation" to "investment".

Step 4: Listing on AMEX (Q2 - FY2005 ???)

Step5: Then EPS for 2005 would become relevant. Till then it only would become the content of another useless PR from Matin.

Price/share along the way will be function of what we will learn regarding 2 issues:

1- Ownership of Veltex Mills

2- Number of O/S

Till we get to know all of the above, VLVX will remain a speculation and price/share will remain reflecting the interests of traders and MM's (spread of 25 to 50 cents by the end of the day yesterday) and go up and down based on rumors.