Replies to post #6119 on Veltex Corporation (VLXC)

[jhawk75]

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.

[george222]

I agree. It would be hard to imagine he believes that increasing share count by 200% is not a fundamental or structural change!

[george222]

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!)

[Rawnoc]

Technically nothing has changed with "Veltex"

The stock, however, may be another story....

Also the extra 4 million shares may have occurred in October so nothing has changed, as of the PR, for 2 months.