Veltex Corporation (VLXC)

[Mastman]

Any public company can never be operated privately unless shareholders permit it to do so. You can point to the lack of SEC documentation, but many things are public record and must be revealed upon demand. One thing is the minutes of any BOD meetings. Write to the company in pen and ink and request what you want. Include your shareholder information such as name and address and broker so they can verify that you are a shareholder and they are required to provide that information. If they do not you can send a copy of your correspondence to your state AG and request action.

Matin may very well hold a majority interest in the company and therefore he is empowered to forefo things like proxies and BOD elections. He only has to show the transfer agent proof of his majority interest to do so, but he still must hold the meeting even if it is in a phonebooth.