Replies to post #13033 on Veltex Corporation (VLXC)

[PL Sniper]

"It's a good sign because once they are given the "green light", we will most likely see a sharp increase due to the continuation of the buyback process."

I think any assumption that the share price will go up significantly because of Matin buying back stock, is foolish.

If he isn't buying hand over fist at these prices then why would he ever buy it up higher?

I like your optimism but Matin has shown himself to be lacking in intelligence when it comes to his stock. Personally I think he has picked a "no way in hell this stock goes lower than this" price target and will sit there and once we get higher he will stop the buyback.

My guess is .20 area (where we are currently). Pathetic but he seems to be that cheap and incompetent.

I hope the rest of your post is correct, and I hope I am wrong about the buyback but so far there is no indication that I am.

[herman12]

That's a great explanation as to why VLXC is trading under a PE of 1.00. Now I understand. They're sitting around playing red light / green light.