Veltex Corporation (VLXC)

[Growth And Value]

I don't believe that Anne Tahim lied.

Why would she? She has hundred of clients, why risk her career on one client? She said in her audit letter that the audit of Velvet Textile Mils was compiled by other auditors whose reports were FURNISHED to us.

Wouldn't she at least call the Bangladesh auditor? If she was paid a few thousand, wouldn't she perform some due diligence?

I believe that the fundamentals of Veltex are better than ever. 2003 was the low point, and with higher lows in place and holding above the 50 day, more reward to the upside exists.

With any luck, positive news will push VLXC above $1.50 and the techicals at that point will also be a positive.