Veltex Corporation (VLXC)

[pual]

"read how one week they are bragging about rewarding shareholders with a dividend and the next week it becomes a STOCK dividend which is the same thing as a split which isn't a dividend worth squat."

FIRST I DID NOT BELEIVE THAT THIS PR REALY WAS ISSUED TO MAKE SHAREHOLDERS HAPPY.

This being said, concluding from half the facts doesn't make you highly credible. If you look at all the facts (as claimed):

1- The last we heard there were slightly under 10,000,000 O/S.

2- The PR said the "dividend" will be 1 for 10 shares (+ 1,000,000)

3- The PR said 1,000,000 shares will be bought back (- 1,000,000)

Therfore one can expect to own 10% more shares, the total number of shares outstanding remaining the same.

If you want to more credibly bash the stock, you should question the "options" related statement:

"Additionally, the Board has authorized the repurchase of ... 1 million options".

To my knowledge we didn't know that there were options out there and still do not know how many there are ???