Veltex Corporation (VLXC)

[invest1980]

These numbers would be good number except for a few small problems:

1) Almost all the assets are in Banglades including the cash. Cash can not be transfered to the US due to govenernment restrictions (tax related?, other reasons?).

2) If Veltex has no control over the management/operations in Bangladesh, then they have no control over the cash and assets in Bangladesh. From a US perspective, one should assume the cash and assets do not even exist under these circumstances.