Replies to post #11930 on Veltex Corporation (VLXC)

[pual]

It suggests that, as I tought all along and still tend to do that Matin may be incompetent and may have hidden some significant events in the past but (as told by many sources) he probably is not running a scam.

This being said, I still do not know what Veltex is all about and how profitable or not it is.

Another point: I look at who else is on the board ...

How small the world is ... See the name of some other directors on this board:

Director and Executive Vice President
Victoria Duff
Chief Executive Officer
aBusinessPlan.com
[e-mail]

Director
Roger Brunetti
CEO
GoVacationsGolf
[e-mail]

Some other names also suggest that Matin (whatever the views of us in here, good or bad) is somewhat acceptable by the organisation itself and some other board members representing large corporation very corporate image consciensious such as
Boeing Corporation, Walmart, California National Bank.

[pual]

For those not familiar with the history of the company, let me explain my previous note re: Brunetti and Duff.

I do it by quoting abstract from a business plan presented by Matin almost 4 years ago:

"Management Team
Veltex Corporation's consists of a high caliber management team and a well-trained technical personnel.
It's manufacturing facilities are managed by former US textile industry executives with more than 30
years of experience.
Javeed Matin, Chairman and CEO
G.S. Gill, Secretary/Treasurer
Victoria Duff, Corporate Advisor"

Victoria Duff left Matin and Veltex after as many others, she found out that Matin wasn't listenning to her advices.

"Veltex Corporation Signs
Strategic Investment Deal With
GoVacations
Los Angeles, CA, Nov. 14, 2002
...
Roger Brunetti, Founder and CEO of GoVacations,
remarked,..."

This relationship, to the best of my recollection, ended when the ehole synergy plan failled (transport desaster).