Veltex Corporation (VLXC)

[Growth And Value]

Posted by: pual
In reply to: Growth And Value who wrote msg# 10386 Date:9/23/2005 9:10:43 AM
Post #of 10542

No one in here does negate that Veltex is an operating company doing some business and apparently (BBB) doing it appropriately.

That would be great if I only was a customer. Thanks.

The problem is that I am a shareholder and would like to no what the value of the company realy is. BBB doesn't help me knowing that.

Matin is the only one who knows, he behaves as if he owned the company privately and as if he had full control (50% + ownership) of it.

In this situation he can do whatever he feels like, even sell it at 120% current PPS (or have it taken over) to whoever he wants to (protecting his own interest behind the door). If you beleive 10,000,000 shares are outstanding (I realy do not understand base on history how Matin could control 5,000,000 of them or at least enough to have control), it means Veltex, whatever it realy is, could be bought for $12,000,000 or so if the BOD (???) accept the offer.

Like it or not, we would only have to take that and walk away pissed but powerless legally.

I do not say that this is what Matin plans to do but only put it up to show that we realy are powerless and we effectively BET blindly on Matin, hoping for the best.