Veltex Corporation (VLXC)

[nightstocker]

I agree with most of your aprehension surrounding the future of this stock. I believe that the shares were sold to get immediate cash to use as downpayments to daimler chrysler financing for the nw trucks. As you can imagine there would be a significant cash requirement needed to cover that.

As for audited financials, I am not expecting them until the end of February, but sure would like to see them earlier. As per the Dec news release VLVT had an auditor in place, so I assume that means that the actuall process would have started that month. Now if the books were in reasonable condition, which they should be considering they had been perused by a Bangledeshi accountant of some type, it may be quicker than starting from scratch.

I expect that there will be some evidence of frontloading or increased buying volume immediately prior to the results hitting the street. Watch the tape and we may know a day in advance.

JR