Replies to post #1301 on Veltex Corporation (VLXC)

[pual]

"Regarding the PRs put out by Veltex: I think the IR companies Veltex has used are very unprofessional and poor writers as well. They are supposed to put out PRs that keep the shareholders informed while not getting the company into trouble. Seems to me they have made a lot of mistakes and I would never hire any of them for my clients."

I cannot even imagine an IR company being in business doing such a poor job. Assuming they get paid to do it, I wonder why the company keeps "enjoying" so bad a job. Could it be that this is the way they want it to be.

If they realy needed cash from issuing new shares, wouldn't they manage to obtain better value PR/IR whatever you want to call it.

I beleive in incompetence but isn't that more than acceptable? Then the question become: "WHY"?

[kingnazzikanazzer]

dagnyish, no offense, but your financial knowledge is lacking. Public companies have a huge advantage over private companies because of public markets. Private companies must borrow funds from banks and other financial institutions with a price -- interest. Whereas, public companies have access to funds in exchange for an ownership interest. Unfortunately, our CEO is under the impression that these funds are "free". They are not. All transactions require consideration on the part of both parties. Matin merely needs to act in the interest of the company and shareholders to meet his obligation for the funds received. He has a fiduciary responsibility to shareholders and apparently he doesn't understand this concept. Thus far, he has not. Hence the reason for the disgruntled shareholders.

Do you think a bank would respond any differently than shareholders if it were provided a false audit document in exchange for a loan? You need to speak with you friend, Victoria, objectively. Let her know how you really feel.