I think that the 2003 audit will be out sometime during Q1 of 2005. What I doubt is that it will privide any insight into the fiscal doings of the overseas divisions.
As regards issuing shares Matin can issue them as "compensation". I would be willing to bet that shares were issued to the new senior executives that joined the company. I can easily imagine that the sales staff may be compensated with a combination of commission and stock. I also believe that all of this talk about sales staff is confusing as i seriously doubt that these sales folks are exclusively selling Veltex products.
One fact remains paramount and that is that we don't know enough to actually know anything for sure. This is a fun stock to play and some may strike it rich, but it is even more likely that most of us will lose money here.
If you treat your investment here as you would the money in your pocket when you walk into the local race track you'll probably enjoy the experience.
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