Replies to post #6675 on Veltex Corporation (VLXC)

[pual]

Sorry...Bad copy/paste.

Matin's luck?

Ridicule doesn't kill!

Calif., Oct. 25 = The Company is currently undergoing the audit by a SEC licensed auditor. We expect the audit to be completed in the next 30 days (i.e. before Nov 25th).

Nov 22, 2004 = Veltex is currently undergoing its 2003 audit and it is expected to be completed in December

Dec 1, 2004 = 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.

Dec 9, 2004 = Veltex is currently undergoing its 2003 audit, which the company expects to be completed by years end.

Dec 27, 2004 = Veltex is currently undergoing its 2003 audit, which the company expects to be completed in the near future.

Jan 05, 2005 = Veltex is currently undergoing its 2003 audit, which the company expects to be completed by February 1st

Jan 14, 2005 = Veltex is currently undergoing its 2003 audit, which the company expects to be
completed by February

[kingnazzikanazzer]

Paul, you haven't given the process enough thought. Remember, there's two parts of creating SEC financial statements: 1) performing an audit to express an opinion on the numbers, and 2) compiling the numbers into an SEC format, with sufficient documentation as to business specifics.

The audit of the numbers was likely done sometime ago IMO. It's the writing of the "First" set of SEC financial statements and footnotes that take time and thought. They need to get these right the first time, and I suspect attorneys have reviewed them too. 2004 should go much quicker since the groundwork will be in place.