texaster, "LIES CAN NEVER EVER BE TRUTH"
Nothing is proven. Each and every figures were 100% LIES by Matin to pump the share price up with the help of "Matin's foot soldiers like you"!!
If these came from Bangladeshi Operation:
Sales in 2001 were $8.7 million = FORGERY
Sales in 2002 $13.9 million = FORGERY
Sales in 2003 totaled $19.99 million = FORGERY
Sales in 2004 $40 Million and $7 million net profit = FORGERY
This VELTEX is a scam from day ONE.
Now everybody think 7 million dollar net profit in 2004, That is NET..NET profit. Plus tens of millions from 1997-2003 as per company's own PR newswires.
But during 4th qtr. Matin is selleing millions of shares at $2 to $3 per pop and he himself claiming that this stock will be on bigger exchange and most conservative PE and or valuation of the company stock is $45?
Now Matin did not published a single name of any directors of Veltex and it was varified. It is all this man's game with the help of some old CSM crooks who are hiding in UTAH.
Truth must be told, Veltex must be investigated by SEC folks visiting Bangladesh.
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