Veltex Corporation (VLXC)

[invest1980]

"Notice that Veltex never mentions when the KCA deal was completed."

Nor does Matin ever mention how many shares where issued to consumate the purchase. He positions his press release to imply that all the additional 4+Million were used for the transaction. If that were the case, then whoever received the shares for KCA would have control of Veltex (at least until Matin gives himself the rest of the 200 Million authorized shares). I just cant see Matin giving control to anybody.

My guess is non of the additional shares, or at best a small amount of shares, were issued for KCA. Most were issued to Matin and Veltex (or these pumping outfits he hires to perpetuate the game). If significant shares really did go for KCA, then look for Matin to issue more shares to himself to retain control. Maybe it is time for raw to check with the transfer agent again.