Veltex Corporation (VLXC)

[shrotker]

I guess I'm an oldtimer. I don't think this is a fraud, but I don't believe the fabulous claims either. I believe that Veltex is in business and selling product. What I don't know is how much of those sales belong to Veltex and how much to Veltex Textile Mills and how much were for KCA Garment. With the absence of any breakdown from Bangladesh I simply do not trust that Matin has reported profit accurately.
The fact that deals that were "complete" earlier and not being reported as "complete" almost a year later is troubling. The fact that the company once stated that Veltex Textime Mills was a "wholly owned subsidary" coupled with the 18 million post r/s share proposal to buy what remained of the mill is also cause for concern.

Other than that I'm one happy camper.

Oh yeah, I forgot all of the missed deadlines and promises not kept.

Sorry.