Veltex Corporation (VLXC)

[pual]

Initially Matin had committed to issue audited financials before the end of the quarter. Therefore he is still in line with his original commitment.

I personally beleive that this thing is a manipulation of some kind.

If the original plan was to release lies with an objective to issue 50,000,000 shares then run, this is quite a flop. That much work and that many people sharing in the pot of $1,500,000 is certainly not what they would have planned for originally.

On the other hand issuing that many shares and somehow (???) taking part in the ownership of most of them (getting around the insiders rulings), before they can realy demonstrate, thru normalisation of the company, that Veltex is what they claimed it to be all along would be quite a coup!!! Just try to imagine they somehow got control of 30 or 40 millions of these shares and they can get them to be worth just $1.00 (15 times an EPS of 7 cents)... I wonder who among us would complain???

As you say, another month or so before we find out!!!