Veltex Corporation (VLXC)

[pual]

At least he came back and did resurect shares which were worth nothing for a couple of years.

Then he got himself in deep trouble with his "synergy" plan of December 2002, apparently lost control of whatever it is he built in Bengladesh and could not normalize thereafter, stuck with lies he could not resolve himself to admit.

Now I suspect he does operate a business (big enough to pay him a high executive salary) but still cannot come out clean as demonstrated in his last PR (what were these options all about ???).

Therefore he is happy to manage this publicly held company as a private one and collect his monthly checks.

I am however told that some of his friends and/or partner are getting mad having been told earlier that their shares were to "soon" be worth 2 or 3 $$$.

I also heard that he cannot borrow anymore (apparently he does try) to acquire new assets unless he can normalize and show a $2.00 PPS.

Disclaimer: All the above is hearsay and may very well not be accurate (to remain polite).