Very honestly I have no idea where to look anymore and decided to sit on my few (10,000) shares (I do not care loosing the $340 they represent) till something happen that will direct my attention to information worth considering.
That may have to wait till the audit but, who knows, the company may before then try to get credibility by issuing something that we will be able to check and validate.
Now when I assume the audit will be helpfull, I assume it will not have been done by the brother in law of Matin and that whatever it shows will be complete, duly reported and verifyable.
Personally, I have no intent to buy anymore shares till we know more from appropriate neutral sources.
I may have to pay 10 cents or even 20 instead of 4 but, even at 4, my conclusion is that the risk is actually unacceptable.
The numbers covered by Matin on the 23rd (once more) seem to nice to be realistic but if they happen to be for real, whenever we can validate them somewhat, I beleive that shares will still be available at nice prices in a better known, lower risk context. I do not expect the price to go from 4 to 50 cents overnight whatever the audited financials do show.
If I had $100 to spent at roulette in Vegas, I coud put it on the black or read and have a good gain opportunity with minimal risk. I could also go for a big win by betting it all on number 23 but then my odds would be 37 to 1.
I now decided to go and play it at the blackjack table, have some visibility on the cards at play and be able to decide somewhat. I may loose or win but at least, I will have something to decide upon.
The great work many of you did up to now has been very helpful and the dead end we are now in, tells me that some walls will have to be taken away so we, I or anyone else, can move ahead some more, in one direction or another.
Veltex may not be a scam but let's be honest, if it was one, it would not look any different.
I cannot forget that a previous experience (an OTCBB stock) was having regularly audited financials, was regularly reporting to SEC, published a great business plan just before they folded, had a board of directors made of reputed people and was releasing very promissing developments.
VLVT, to my knowledge, offers none of the above except for the last. I cannot anymore convince myself that the risk is worth getting more involved...for the moment.
Let's wait and see.
Roger
