Veltex Corporation (VLXC)

[george8]

G&V:

I'm impressed by your diligence and record keeping. Thanks for sharing.

It more or less confirms what my doubts were. The insiders have been leaking (or dumping) shares to the investing public. It is "pump and dump" at work indeed.

Question: What do you have for the acquisition of J Daly's marketing operation? Is the deal closed yet.

I still think the float now (as of 8/26/05) is much more than 3 mln. My guess would be around 3.75 - 4.25 mln. My eye ball guessing at the last pump and dump (6/8/05 -8/23/05) put the shares dumped into the market at around 750k - 1.25 mln shares.

I have nobody else to blame but my self for falling for the pump and not dumping with the insiders. I am convinced that VLXC is a real co. (all the fundamentals you wrote about) as well as a pump and dump operation (the trading patterns synchronized by all the press releases). Both observations are supported by evidences and facts.

You feel VLXC's fair value is at $2.5 now (down from much higher level not long ago). OTCGrowth still says $6 in the near future.

I have no way of assigning a future value to VLXC other than the actual trading in the market. And it is at $1.2 area. And if I want to sell my 9000 shares on Monday, I may only get $1.

I just need to devise a plan to get out with the minimal loss. On the bright side, I do have some trading profits from VLXC before to off set my current loss.

Thanks again.

George