Replies to post #6094 on Veltex Corporation (VLXC)

[pual]

Thanks.

"Veltex Corporation , announced today that its subsidiaries, Veltex Apparel and Velvet Textile Mills, have completed the acquisition of KCA Garment Industries of Dhaka, Bangladesh in a cash plus stock deal..."

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

No surprise that the cash was coming from Veltex Mills and whatever "stock deal" their was it seems that it involved shares similar to ours.

If so, these shares are now worth the same as ours and the "sellers" (if they still own these shares) are in the same bathtub as we are.