Replies to post #6270 on Veltex Corporation (VLXC)

[pual]

Absolutely.

On the otherhand, we are in hypothesis ranges both on future number of O/S's and what is owned.

Number of shares is (obviously) unreliable if projected in the futur.

Own assets is as unreliable based on what we think we may know.

Multiplier is impacting whatever unknowns are described before.

This is a "GAME" not an investment.

And this board allows players to discuss the odds (opinions).

That's all I say.

[snow]

Credibility

"CITY OF INDUSTRY, Calif., Dec. 1 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC - News) expects revenues for 2004 to be over $40 million with net profits of over $7 million or $3 a share. The company currently has approximately 1.3 million shares in the float. Veltex plans on becoming fully reporting and moving off the pink sheets to a major exchange upon completion of its audits, which the company is currently undergoing."

On the 9 December the company could see no reason for a decline in the stock price. A few days later the sharecount is 3 times higher than the number implied in the above and earnings per share about one third the number suggested above. Who can trust any information of a company that publishes as grossly misleading information as the reference to earnings per share of $ 3? What will earnings per share a year from now? A fraction of $ 1 if profits are real and the sharecount continues soaring?