Veltex Corporation (VLXC)

[pual]

"The only saving factor to me would be if insiders are buying up all the shares because they know what is coming."

Very honestly this possibility is the only way I beleive my shares can be worth something.

I just went on the other VLVT board and saw what is being discussed (additional authorized shares, a reverse split, a letter presumably circulating, official complaints to regulators, plus all the othe BS). However, relying on a message boards to figure out what is going on, is as good as reading official company releases these days. You have no clue what it's all about and who writes it.

As for regulators, I do not see any of them spending any time investigating such a small possible (or is it probable)scandal in an era where billions are being stolen from the market by people that do not even get penalized.

One question however has to be answered in time. The value of the shares staying at 2 cents or so, the company would have to sell 100,000,000 to generate $2,000,000 and this after having worked for 1 year at trying to sell whatever it is they want the market to buy. Even if it works, how many people would share in the pot and how much would everyone get... at what risk?

That may be a scam (as a matter of fact I beleive it is somehow) but I suspect (or is it hope) they have found a way to make a lot more, exposing themselves a lot less and coming out clean with whoever will own shares at the end.

On the other hand it may be a small scam (business as usual) made by small people beleiving they can walk away with a couple of hundred thousands dollars for their trouble.

Wemay be will see ...