Replies to post #6105 on Veltex Corporation (VLXC)

[shrotker]

If we are to believe Matin there are at most 2.5 million shares outstanding. One of these days the truth will be revealed through an audit, but it may be months from now. If the O/S is 6 million we will have no idea what the shares were used for with the exception of financing.

If someone would contact Veltex and ask to speak to Matin regarding a private placement perhaps you will gleen some insight. I have gone that route with him and he has declined to deal with me any further.

[pual]

We may beleive whatever we want of Matin. Crook, incompetent, honest exec havig cashflow problems, ...

I know for a fact that Matin was in a realy bad cash situation as of Mid October. However, I do not beleive him to be outright stupid.

Then I wonder? Why would he throw away 4,000,000 shares at 50 or 60 cents, just before he issued a PR (Oct 25) which got the PPS right up to $ 3.00 (from close to $1.00 to start with).

False or true, releasing a PR as the one of Oct 25th obviously was allowing him to dump a lot of shares at more than $1.00 and get at the very minimum $1.00/share.

This guy is realy confusing us all and I sincerely have no clue what he is doing between his lies and his actions...