Veltex Corporation (VLXC)

[pual]

Great post.

I do not think that this board has died but since herein people seriously exchange ideas and opinions following availability of information we must admit that no new facts justify a serious argumentation actually.

On the other hand, whenever I want to debate like kids do in primary school yard, I use the other board where you have 3 types of posters:

- The "this is a scam" group (very active considering the number of messages I do not see)

- The "Whatever the company claims I accept at face value" group (generates a lot of messages adressing the claim of the previous group)

- The "doubters" as they call them out there (These are perceived to be negative or even bashers by the previous group)

Your post in here would qualify you very well in the "doubters" group.

Again, personally I find you analysis very accurate for people wanting to look at this situation for what it is: a very high risk speculation (doubtful and offering great reward potential at high risk... same as playing roulette by placing it all on a single number: potential to win 35:1 once in 37 times).

Risk management right now is, as you alude to:

-Keep the shares you already have (no recent fact justifying to change your mind)

-Wait for audited financial (best case they will show a FY02 EPS of 6 cents and "assuming a ultiple of 10" buying at 60 cents or less will be possible... I doubt that price will grow from 4 to 60 cents overnight)

We should no better soon (end of Februry said Matin, I read???)

-Plunge in known waters

Roger