Veltex Corporation (VLXC)

[Mastman]

I think the price increase is an acknowledgment that the marketplace considers Veltex a player. We should remember that not so long ago people were crying that this whole thing was the figment of someone's imagination and not a real company at all. We should discuss fundamentals and values and multiples just as we do with other companies.

I seriously doubt that you will see any buybacks for quite some time. Veltex is in an agressive expansion mode and I don't think that is compatible with buybacks. Veltex is building their business, I think to a point where they can sell or spin-off the foreign subs and move on to the ever promised better exchange. I believe that having third world subs renders a company unable to comply with Sarbanes-Oxley and I also believe that those regulations are about to become more stringent especialy for smaller companies. Hearing are being held today and tomorrow in Manhattan for just that purpose. Many currently listed small companies seeem to feel that they will be unable to comply with the proposed additional regulations. This is no time to jump into the regulation arena with a sub in a third world country. The new regs threaten to freeze trading in a stock for failure to comply. Scary indeed.