Replies to post #15069 on Veltex Corporation (VLXC)

[herman12]

I'm beginning to think the audit is a hoax since I can find nothing about it from the company. If the company was intending to deliver an audit, wouldn't they announce it? Why would they announce "organic cotton" but not the audit?

We can generate a 100 "what if" scenarios, but they remain pipe dreams without facts and substantiation. I'm concluding the audit is a hoax given there are no facts to support and audit claim, other than posters of this board.

[pual]

1- IF the AUDIT REPORT comes out soon AND the numbers are within 20% of originally reported, the market reaction will be:
- function of the credibility of the audit (who did what where?)
- the financials for NA specifically, the credibility of the BD financials being more difficult to secure and
- the number and its verifyability of the number of O/S.

2- For the stock price to fly however, it will take more than only an audit of old financials. Some credibility will have to be acquired and this will come (following a serious audit) from new players (managers, directors, ...), identification of customers, Q1, Q2 numbers, ...

3- As for the court decision (I do not realy care) I suspect (as I said before) that when it comes out, the affair will already have been resolved between the parties (Matin will have had his shares back ... So what???