Replies to post #6652 on Veltex Corporation (VLXC)

[Rawnoc]

OT: Our-Street.com is now accepting your nomination for our 2004 Scammy Awards. Nominate your favorite scam company or scam artist and check with us on February 14 to see who won these coveted awards.
You can read our news announcement at

http://www.m2.com/m2/web/story.php/2005887EB73EB3C8111485256F85005E75AD

and you can visit our 2004 Scammy page at
http://www.our-street.com/scammy/2004.htm

We need your help to find those most deserving so send in your nominations today and

Thanks for helping us take back our street!!

[invest1980]

"Notice that Veltex never mentions when the KCA deal was completed."

Nor does Matin ever mention how many shares where issued to consumate the purchase. He positions his press release to imply that all the additional 4+Million were used for the transaction. If that were the case, then whoever received the shares for KCA would have control of Veltex (at least until Matin gives himself the rest of the 200 Million authorized shares). I just cant see Matin giving control to anybody.

My guess is non of the additional shares, or at best a small amount of shares, were issued for KCA. Most were issued to Matin and Veltex (or these pumping outfits he hires to perpetuate the game). If significant shares really did go for KCA, then look for Matin to issue more shares to himself to retain control. Maybe it is time for raw to check with the transfer agent again.