Veltex Corporation (VLXC)

[pual]

"hold off your buy button for a while".

No intent to buy, do not worry. I got my cost to where it seems reasonnable (considering where I started from) and intend to wait for the outcome ... good or bad.

"From 13 million sales last qtr to $5 million sales this qtr, Matin is beyond not trustworthy...".

Effectively it looks real bad and may be it is. However (you may call that putting a positive spin on a negative fact) I would like to better understand where the $13 millions was coming from and where the $5,000,000 are.

One hypothesis (nothing more than a possibility one can or not consider) could be that Matin gradually shows USA based revenues and eliminate Bengladesh ones to gradually move toward the thruth which may be that we effectively lost our ownership in Bengladesh but are becoming successful in USA.

I know as much as anyone in here (i.e. not much) but, unless one realy beleives this to be a pure loss (then I wonder why he would have shares an be part of our board), looking at positive scenarios when negative ones are so easy to beleive, seems to be reasonnable.

This being said if I had never bet on this stock, I certainly would not do it now, the risk remaining what it has been for a long time and the reward being quite less attractive, even considering the herein "positive spin" I gave to the situation.