Veltex Corporation (VLXC)

[pual]

BAU = Business as usual. If most of what was recently announced is almost true I think Matin is setting up for progress in North America and a capitalization of $15,500,000 or so can probably be easyly justified.

I was away all day and I see we did close at $1.55. If Matin still has a bullet (PR) to shoot, I expect him to shoot it very soon.

As for Veltex Explorer, the John Daly common partner is not as significant to me as the fact that we now are related to 2 manufacturing facilities in Bengladesh. That's what I realy look forward to understand within the next months.

I also bought back shares I previously sold at $3.60 and $1.93 over the last few months getting back to the position I always wanted to be at (having thru these trades reduced my unit cost even more).