Veltex Corporation (VLXC)

[pual]

Interesting reading but between behaving as an IBM or Microsoft company and doing whatever is mandatoty to normalize a small public company there is quite a GAP.

One thing I cannot accept is Matin operating Veltex as if it was a private company and expect his shareholders to go on blind faith beleiving what he says, following years of deceptions.

The mill affair in particular took any credibility out of his NR's and his continuously unmet commitments did create a perception that he is either incompetent (in some domaines at least) or a outright liar. I go for the first personnally.

This being said, a capitalization of $15,000,000 or so is very small and probably actually justified by current real state of the business.(good little speculative stock to own).

A $100,000,000 capitalization however (10,000,000 shares worth 10 times claimed profit per share) is much more difficult to beleive. (Unless justified by credible information, I personally would have a real hard time keeping my shares if I could sell them at $4.00 in whatever future.

Just an opinion on my part.