Veltex Corporation (VLXC)

[ascamorreal]

You are right, nothing has changed with Veltex accept the number of shares outstanding. All we have are new press releases with no audit to back them up. Pre-reverse split share price is about .0137 cents a share. The only change is an additional 500 million shares. Don't you wonder what the stock might trade for without the reverse split? An additonal 5 million shares looks better than 500 million. Don't you think? I think Matin did. The market cap today if we have around 7 million shares outstanding is about 9.5 million. The market cap before the reverse split was around 2.5 million. Additional shares have given this company more worth? It should be trading around 35 cents a share or less, until Matin gives us proof of real sales and profit. If Matin doesn't deliver on his last promise and delivers another joke audit, what would keep the stock from trading around 35 cents and lower? This company could easily trade back to 1 to 2 cents a share in the future if dilution continues and no real audit is delivered to us.

What do you think?