Replies to post #12121 on Veltex Corporation (VLXC)

[Mastman]

I do know that he was looking to raise $5MM in the fall of 2004 and he offered a convertible as payback at a steep discount. That is why I think this is happening right now and at this pace. The lender is converting and Matin was obliged to stir up interest so that the lender could dump enough shares.