Veltex Corporation (VLXC)

[Growth And Value]

If it is true that Matin has an option to sell all or part of Veltex Corp. for $12,000,000, and if the buyer required at least a 16.67 % return on investment (reasonable in my opinion), then it would make sense that Veltex is earning at least 2,000,000 per year in net earnings.

2,000,000/9,732,087 = $.206 earnings per share.

Give it a fair P.E. of 10, and that equals $2.06 share price.

This is by no means a best case senario. In fact, it basically leaves the Mill out of the equation completly.

If the debt/ownership issue with the Mill is fixed and financials are verified (or even 75%), a large upside is clearly possible IMHO!