Veltex Corporation (VLXC)

[Rawnoc]

LMAO, are you serious?

1) You are taking a share count given in a press release as fact? LOL, then why did they gag the transfer agent?

2) Probably more importantly.... let's use the God awful nonstop dilution from the press releases. What do we have from this share buyback company (LMAO, yeah right!!!) ?

"There are currently 9,732,087 shares outstanding" - Oct 24 2005 PR

"third quarter net income of $2,210,550 or $1.10 per share" - Oct 27 2004 PR

2 million shares outstanding becames 9.7 million shares outstanding in one year or 385% dilution.

3) Share buyback? LOL!!!! Notice the language... "up to 1 million share"

I wish I had a nickle for every pinksheet stock that made a stock buyback announcement and never bought back 1 share. Amazing that people are STILL falling for the oldest trick on the pinksheet scam book.

Credible companies, by the way, announce a dollar value buyback since the price of the buyback is an unknown.


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

One can also "expect" all of the planets to collide this month, but that doesn't mean one should expect it. Use your head. This isn't an "investment," a "speculation," or even a "gamble." Blackjack is a gamble. Roulette is a gamble. This is THREE CARD MONTE:

http://www.pagat.com/misc/monte.html