Veltex Corporation (VLXC)

[invest1980]

King,

The problem is that Matin has used "Wholly Owned Subsidiary"
to describe Veltex Textile Mills way BEFORE the previously posted shareholders meeting when he wanted to issue 18 Million post reverse split shares for the Textile Mill. Why is this point lost on you?

You are correct, past performance is no predictor of future stock price. But credibility and belief in the numbers is. If the market does not believe the financials or the credibility of the information, then the stock price will reflect it (as you currently see with the Veltex stock price).