Veltex Corporation (VLXC)

[ImakeMONEY]

My initial guess is that the shares were issued to generate capital to use as downpayments on more trucks.

You can get a car with 0 down but I do not believe you can get lease returned commercial fleet vehicle with the same terms. Each truck would require some legitimate cash downpayment plus evidence of a revenue stream to qualify the remaining financed portion. Insurance costs would also be up front when putting a new truck on the road.

Downpayment and insurance costs per truck would require vlvt to spend the cash they had in the bank plus issue some more shares.

Hopefully that is where the shares have gone.

Robert