Veltex Corporation (VLXC)

[pual]

First a disclaimer: "Ì have no idea what I should beleive in this situation. Therefore the following is pure theory that will very probably remain that...theory"

O.K. Let's assume for a moment that Matin and his freinds are honnest incompetent business executives.

Then let's assume that they delegated to an even more incompetent person the task of having their financials audited.

This dummy hired is brother in law or neighbor or whatever, to do just that, based on the fact that he is some kind of accountant. The great news is that the dummy was having it done for a very low cost.

The "audit" (???) finally was printed and presented to Matin who loved the numbers he saw...no question asked. He then let this crap be published an authorized a statement expressing his pride.

It went out and we (little buggers) started to ask who the heck was the auditor. Matin said: "who are they" and Dummy answered: "someone I know and understand accounting".

Three days to get over it and Matin has to appologize.

Ouf! If you realy want, you can justify anything, can't you?

O.K. let's try to prove that ... enough Roger!!!

p.s. Who said Matin was a "responsible individual"?