Replies to post #3244 on Veltex Corporation (VLXC)

[pual]

I tought that this was a "fait accompli", according to the following release:

"CITY OF INDUSTRY, Calif., Feb 4, 2004 /PRNewswire-FirstCall via COMTEX/ --
Veltex Corporation (OTC: VLVT), announced today that its subsidiaries, Veltex Apparel and Velvet Textile Mills, have completed the acquisition of KCA Garment Industries of Dhaka, Bangladesh..."

I also noted however that no specific date was mentionned relative to the PPS and the date it was (will be) based on:

"Under the agreement, the cash portion of the acquisition will come from Velvet Textile Mills and KCA will receive VLVT common stock."

However I assumed that the base PPS was the one effective at confirmation of the deal time.