Veltex Corporation (VLXC)

[pual]

Assuming everything to be as it sounds, the 10% stock dividend should represent more or less 1,000,000 shares which would be covered by a buyback program of 1,000,000 share.

If everything goes as planned, then we get 10% more shares and do not simultaneously get diluted... I think!

This being said, assuming all (or almost all) recent releases are accurate, I only can see one reason why Matin doesn't normalize the company: The Bengladesh operation is some kind of a pain in the neck and cannot be audited in a way allowing normal reporting to SEC.

All of that, assuming Matin's releases do not lie (which I am tempted to beleive but not yet beleiving for sure).

What other reason can one imagine to justify Matin to accept to own shares undervalued more or less 1 to 10 ???