Veltex Corporation (VLXC)

[mytejano]

Reality chk:From Jan.7 to Feb.12 O/S shares have increased from 43.2 mil to 55.4 or 12.2 mil new shares issued..Now in that same time frame the entire amount of shares traded has been aprox 21.2 mil...So 21.2 minus 12.2 = 9million shares..Even if the entire 9 million of traded shares left over was all buying you are still left with 3 million shares issued on the mkt by VLVT with no buyers for..Obviously the issuing of these 12.2 mil shares are BY FAR the reason the stock has come down from .05 to .02 in that time frame....Now I see Good News and Bad News in these results...Question?What stock price starting from aprox .05 Jan.7 would VLVT be trading at as of Feb.12 if VLVT had not issued 12.2 million shares?!!!!Obviously a lot higher than .02 and most likely at least .05 or higher...The Bad news for the short term is VLVT still has aprox 15 million shares it can issue,but since we can conclude that VLVT itself is the cause of the downtred from .05 to .02 by the issuing of shares then it follows that once the issuing of shares stops the stock will begin to uptrend..As long as VLVT achieves it's 4 main goals for 2003 of #1 putting out it's audited financials #2 filing with SEC to become a fully reporting company #3 Move to the BBX exchange later this year and #4 Have a profitable year then VLVT will undoughtedly be trading at a much higher level 12 months from now..Since the whole point in the issuing the shares is to shore up the trucking division and other corporate matters then all the evidence still points to VLVT being able to achieve its 4 main goals for 2003......Tejano