Veltex Corporation (VLXC)

[pual]

Very honestly VLXC in my mind is anything but an investment. It's one of the few small penny stocks I hold in the speculative portion (5%) of my portfolio, most of them being the result of the crash of 2,000.

Agreeing 100% that "The fact of the matter is that we do not know anything that we can use to make an evaluation", "The fact of the matter is that we do know few things that we can use to make a speculation".

As an example, we know we never saw a credibly audited set of financials related to the Bengladesh operations. Another one, in August 2004 (my recollection) Matin did try to buy the portion we did not own of this operation after everyone tought that we already owned all of it.

This being said, you base your investment on whatever source you find credible but in my case, message boards are a nice hobby, not the source of information on which to base an investment.

So far I am about $0.54 for every dollar speculated her (my cost is 0.91. However by last weekend I was in the hole by $0.03 and monday up by $1.19 for a little while ... LOL