Replies to post #17814 on Veltex Corporation (VLXC)

[pual]

1- Veltex (PK) Financials: Shares in Issue: 76.17M - Float: 3.20M
Source: https://ih.advfn.com/stock-market/USOTC/veltex-pk-VLXC/stock-price. I assume the float is current on that site.

2- With a low float, the supply and demand can be impacted quickly and drastically for whatever reason (NR, PR, rumors, …)The low float simply compounds this risk.

3- I now have slightly less than 100,000 shares on hand. I gave in a little and bought 2 serious speculative stocks in December and February:
A- BABY at 0,38 (CDN) in December (closed yesterday at 1,11 and B- IPOT at 0,275 (CDN) in February (closed yesterday at 0,51).
Whatever happen with VLXC, I do not expect to regret this move. After all my sale of vlxc shares is a net profit to start with.

4- No clue what the company Goals are. For as much as I know, they may enjoy just accumulating interests for years to come, or make a great move tomorrow. Transparency is not something management values that much … up to now.

5- As for future plans (if any), I believe the management to not have any (except, I was surprised that they recently issued financials (???). Who knows, may be they woke up to something ???

6- As for 'how soon we can expect anything worth mentioning … God only knows (maybe). I suspect management still doesn't know after 8 years sitting on whatever asset we presumably own.