Veltex Corporation (VLXC)

[george8]

That was in my humble opinion a classic pump and dump scheme. If you calculate the capital and press releases that took the price to $3.9 spike and the subsequent long drifting down, some people laughed all the way to the bank. And, many small and hopeful investors ended up holding the bags. You know who you are. Just do not make it a bigger or huge loss by buying every pump (thus, endless average down).

If VLXC is legitimate, be happy with what you have, and you will be compensated longer term.

A smaller spike will most likely be engineered again. However, I'd be selling into the spike and take my money (or profits if any).

In VLXC's case, I truly believe market makers are part of the pump and dump scheme. The culprit is that Matin keeps going to the market for cash (equity financing). These financiers are cold blooded and ruthless. They are also professional and excellent in pump and dump scheme.

That is the very reason, I'd like Matin to release the details of all the recent equity financing.