Having followed Veltex for more than 6 years (staying away for a couple of years when Matin disappeared) I followed the RB board for a long time, up to when the current more healthy one came up.
If only 10% of what was written in there (and in here for a long time also) is true, SEC has dozens of complaints on Veltex and Matin and so do many more organisations and even politicians and miscelaneous associations.
The fact is, no one could ever point to any verifyable legal or other regulator's action against Veltex and/or Matin. To the best of my recollection I do not think the stock stopped trading for even an hour.
That's why, I beleive (but do no know) this "affair" to not be illegal.
I however also beleive the ridiculous situation we find ourselves in is the result of bad luck and mismanagement.
The 2002 synergy plan outlined by Matin ended up having him screwed by presumed good partners and a transport venture which got him in realy serious financial troubles.
Matin however did not yet drop the ball, most likely did, without saying it, moves which got him in deep trouble and tought he could pull out of it, given time (he probably still beleives just that).
Incompetence, mismanagement, inexperience, bad luck, ... are very likely.
Outright illegal actions by a crook conducting a scam ... I doubt it very much.
Welcome to the world of speculation (fear, uncertainty and doubts vs hopes, dreams and expectations).
Reality (great or bas) will hit us one of these whatever (days, weeks, months, years ???) and let's hope it will not be as bad and some do think even if not as great as some hope for.
