Replies to post #7959 on Veltex Corporation (VLXC)

[pual]

"a kind of slow pump"

Beleive me or not, I do not realy care.

Facts are:

- I bought shares of Veltex in 1999.
- I tought they were history when they stopped being active for 2 years
- Decided to average down when I saw them start moving again (doing whatever DD was possible)
- I now own 5,000 (close to $1 per) within my speculative portfolio (I consider this to be a bet)
- I have no interest whatsoever in pumping or bashing considering I do not beleive that message boards realy do influence market of such shares
- I beleive that Veltex does exist and is doing business even if I do not beleive that it is doing as per claimed by Matin.
- Thru whatever DD I was able to do, I saw pictures of the Bingladesh plant but also admit I do not know what is going on behing the fence and the walls.
- Thru whatever DD I could do (discussing with people closer to the company than I, I learned that Matin (contrary to what you claim) is more incompetent than dishonest (except for his trying to hide his errors)
- Recent comments made by some of these people are suggesting (cannot know how probable) that Matin did hit a wall 6 to 9 months ago and finally got advisors to help him find a way out of his (our) miseries. I was told that contrary to earlier times, he was listenning to them.
- Finally, I tell myself that short of loosing it all (that's the risk) all it takes to justify a PPS of $1 is a profit per share of about $0.10/share which is only $ 750,000 per year

No emotion out here just risk/reward analysis ... as much as feasable.

All I look for in here is opinions and (proven or not) facts if available, related to current situation (I do not care if Matin went or not to university and why his synergy dream fell apart in 2002 and 2004. I care even less about your personnal problems with him.

"a kind of slow pump" ... absolutely not. I openly admit I do not have a crystal ball to know about the future and I live to far to jump in (then on) my car to go lok thru windows (personally I would have visited during day time but that's me).