Veltex Corporation (VLXC)

[pual]

SAM,

Remember ... I DO NOT KNOW but here is a possible scenario:

1- Matin did own the Mills some time ago

2- Stupid or incompetent he borrowed against this asset over the last 2 years and ended up loosing control of it (unless he found a way to reimburse his notes.

3- Trying to normalize the situation he did try to buy it back at the last BOD (18,000,000 shares then worth about $1/share)

4- Caught his pants own he ad to pull out of this scheme (I personally got quite involved in the efoort to have him stop that)

5- Still wanting to normalize the situation and wanting to have an audit performed and released he issued 5,000,000 new shares at about $3.00/share to get back ownership of his asset (Therebuy the claimed financials, most of them being in Bingladesh)

6- Certainly having more issues to resolve so an audit can be performed and release, he (with new partners robably) had to do multiple actions aimed at cleaning the mess.

7- The audit will be completed and released, whenever the mess of his will have been cleaned up (whatever dilution it means)

Optimistic scenario? Granted?

Less beleivable than some others outlined in here? Future will tell.

Who Knows? Certainly not Mice who rehashes the same old story for years, having his personnal reasons to want to destroy Matin's busines ... Whatever business there is or not.

The only potential light we can get (short of a serious audit) probably will come from shrotker's conversation with the lawyer ... may be ???