Veltex Corporation (VLXC)

[pual]

I agree that VLXC is anything but transparent. However, nowadays, corporate organisations are (apparently) all manipulating everyone (tax payers,shareholders,...). You somtime wonder if the difference between large corporations listed on real stock markets and Mickey Mouse outfits traded on Pinksheet is not just the skills available to manipulate shareholders.

Just as a small example (use it because I just read it):

CONTEXT:

Bombardier finalizing the negociation for close to $1,000,000,000 grant/garantied loan with the government.

"Tie strings to aid: investors
02:00 EST Friday, Mar 18, 2005

Several high-profile investors are pushing for reforms at Bombardier Inc. by urging Ottawa to withhold financial aid unless the firm eliminates its dividend and its founding family gives up voting control.

"If a company needs help from the government, that means they need cash. If they need cash, why do they pay dividends?" said Claude Lamoureux, chief executive officer of the Ontario Teachers Pension Plan. Bombardier's annual dividend of 9 cents a share costs the company about $160-million a year, almost $30-million of which goes to members of the Bombardier family, who hold less than 20 per cent of the equity but retain control through multiple-voting shares.

The dividend is "a source of income for, essentially, a controlling shareholder. You know, a normal company would have cut the dividend already," Mr. Lamoureux said.