Veltex Corporation (VLXC)

[Growth And Value]

Why should I believe short sellers

Short sellers will say anything to bash a company. Short sellers don't care how many people they hurt. C.E.O.s will even tell you they are more afraid of short sellers than anything else because they can ban together and drive a price down. Since they know most longs have stop limits, longs sell and this continues a downhill spiral in the stock price. Then, the chart looks bad and everyone assumes something is wrong with the stock.

I don't claim to know everything about VLXC. I tend to agree that Matin has overstated things in the past, but I believe that the 2004 earnings release is accurate. He is trying to grow the business through acquisitons. Now, I see progress in the e sales arena.

The person who bashed Matin the most was in 2000 and he didn't even know how to spell Comilla. Leads me to believe he was never there.