george.
I was advised by Veltex's contracted PR agent Paul Knopick of E&E communications that Matin had asked him to see if any shareholders were interested in participating in a PP. I wrote Matin and expressed my interest and after several e-mails I called him and we spoke. He offered shares at a 50% discount for cash indicating that he wanted $100,000.00 the next week. He also mentioned that the lender could take 12% interest instead with a minimum 1 year term. He let me know that the option was with the lender. He indicated that he would give the shares without restriction if the lender would agree to hold for 3 months. This conversation took place in early September 2004.
All of the above was prior to the r/s. Matin indicated that the PP would change after the r/s and new terms offered. I asked several questions regarding a breakdown in revenue between foreign and domestic sales and the minutes of the BOD meeting, which he said he would provide. I insisted on knowing who the beneficial shareholders were and what percentage of he owned. He did not care to provide this information and I never received the BOD minutes or the other data and I never got the formal PP offer sheet.
Market Data 
Markets 
AI
