Daniello,
This situation realy makes me smile, reading the messages herein (and irregularly on the other board) and the releases of the company.
Here we are with a 2 cents stock and a presumed financially healthy company behind it.
The single most important action to be taken by the company to get any kind of credibility, is to produce credible audited financials (hopefully by an auditing firm that we can find somewhere) and have them submitted to valid regulation organisations. Then and only then will we be as sure as possible that there is a company worth considering and a business producing revenues and profits or losses.
Rightnow all we have is a rumor that such an outfit exists and they need additionnal fundings to grow thru a short term dillution of 4 to 1 (plus whatever the preferred shares will hide), discussions of the requirement to reverse split to meet minimum share value to get listed and other similar topics having no reason whatsoever to be discussed UNLESS THE MINIMUM IS DONE: GET THIS COMPANY OFFICIALLY ON THE MAP.
All of this is going on in an atmosphere of doubts and confusion seeded by the company itself (shares buyback vs adding to number of shares, great revenues but no verifyable customer list, number of trucks but it took detective work to find some, audited financials that were published by error, ...). The garbage written by some (mainly on the other board) has nothing to do with the total joke this affair has been over the last months. If someone doesn't realise that these messages are totally useless, he probably doesn't know how to buy stocks to start with, being too dumb to find out.
Veltex is a gamble, pure and simple, and very honestly, if this company is anything close to what the press releases do suggest, the management of this outfit is either totally stupid or smart enough to manage a scam that presents very low risk to attract attention from regulators.
As I said earlier, I keep my few shares and wait for the affair to unfold, one way or the other. But for the moment, messages such as "this is a scam, scam, scam,..."at one extreme and "the company has difficulty keeping auditers because of threaths" at the other, are garbage I have to go thru to see if somehow, someone can (anonymously, granted) give an information worth considering, trying to figure out what this is all about.
I share part of your conclusion :"While I am truly disenchanted with the actions of the people at Veltex"
but have much more trouble with the following sentences "in the area of IR ... it doesn't blind me to the accomplishment they have demonstrated in the area of building a business"
Finally, thru different ways and different reasons we arrive at the same conclusion: "I am still LONG and do not intend to sell in the forseeable future."
