I absoultely agree with that statement, which is why it is difficult to believe that there are over 6 million shares out. For that statement to be said in a PR by the head of the company, it would be personal business suicide. Not only would Matin be banned from his company title as CEO, he'd be fined by the SEC and a lawsuit would eventually be filed by shareholders.
If they now have 6+ mil. shares outstanding then their press release should have read:
Veltex Corp. sees no reason for stock decline The shares of stock in the float for the company remain the same. Fundamentally and structurally, nothing has changed with Veltex. (And oh, by the way, we did increase the shares outstanding by 4 mil. since the end of the quarter--but the float is unchanged!)