Veltex Corporation (VLXC)

[shrotker]

I'm getting the very distinct feeling that Mr. Matlin is about as dumb as a fox.

Let's see...

Issue 20mm shares from the treasury and drive the pps down to sub .02.

Buy a bunch of shares and then sell them after mistakenly issuing a favorable audit.

Oh no! The auditor's name is a typo? Maybe not even a CPA? No one can find out who he/they are?

Buy back a lot of shares when doubt created by lack of faith in audit and failure of company to substanciate the document.

Issue a new press release claiming a communications error and at the same time put the carrot back on a two week long stick.

So...We sold some stock from the company treasury cheap. Some insiders and some outsiders probably purchased it. We sold some of those cheap shares when the audit "mistakenly" came out. We waited for three trading days to expire, while the price fell consistantly, to make an announcement that if true will cause the stock price to appreciate.

When the "real" audit comes out,and we know it will be good because we've already seen it, but pretend you didn't cause it was a mistake, the price will go up and guess what will happen then?

I bet the auditor's name starts with "S".

If and when they become a reporting company this stuff will end or someone will do jail time.