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Wednesday, February 16, 2005 12:30:58 PM
1. Matin spends too much time spreading the word to pinksheet promoters instead of waiting for audit
2. Matin is proven to be secretive and deceptive beyond a shadow of doubt about number of shares and what he has owned or acquired
3. he has made mistakes in business in the past
4. he is not descriptive for details of careers of employees
5. we have no evidence Veltex is growing in cash
6. we have not heard from long-time pleased customers
7. it appears he has lied about his education, I can see no excuse for that
The conservative approach is to buy at $3 if stock available following audits that prove his claims. To buy now is a bet. It might be a very nice bet at these prices and it is an interesting bet.
sam
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