Replies to post #9772 on Veltex Corporation (VLXC)

[george8]

Congratulations on all VLXC longs. It is incredible that VLXC could pull in over 13% net profit of sales, considering all industry leaders would be very happy to get 5% net of sales!

I wonder if anyone who knows the apparel industry could elaborate on how VLXC could be so profitable?

Let's see if VLXC can break $1.5 and stay up there with expanding volume this time.

VLXC's shares should be extremely hot, as hot as Google's (only in terms of chart pattern)?

[SAMNOTSAMUEL]

Growth and Value,

Everybody needs to wake up to the status of this company. The jury is out on whether this is a valid company. I have a stake in this myself since I hold a position.

Think objectively. If this company for the first qtr earned 22 cents, then conservatively this stock should be valued at $6/share.

If Matin uses this stock to make acquisitions where the stock has a purchasing power of about 1/6 of that then it needs to be an extraordinary return on such a paltry price per share. This is fundamental business sense. IT would make a HELL OF a lot more sense to only make acquisitions when you can get at least $3/share for your share use.

Also for Matin to address issues of ownership, a very clear 2004 audit is needed or why should anybody be a true believer.

Right now there is no room for faith, beyond yes it is a real company with some business. Whether Matin can ever come across as honourable is iffy, ie how about our great $3/share earnings last year, bunch of bullshit.

sam

[pual]

"why would he hire the C.P.A. firm in the first place? You don't need audited yearly financials to be on pink sheets!"

As you say, if he wants to remain a penny stock listed on pinksheet, he doesn't have to do much altogether.

However, for whatever reasons he has been issuing new shares and now claims he look into acquisition. In this context, not putting "normalization" as priority number 1 doesn't make sense ... if the story is anything close to what is being claimed.

Audit, listing and credibility seems to be the only way to go for someone heading the kind of business Matin claims to be running. Accepting to stay a penny stock on pinksheet is either a way to hide somthing or demonstrate you are to say the least, incompetent.

I do not judge, I just observe and wonder what this guy is realy doing and why. Bottom lin: I DO NOT HAVE A CLUE!

[snow]

If the numbers are false it would be a good deal. It would normally be good deal, since the p/e would be very low. But if the numbers were true it would not be a good deal at all -it would mean dilution in the sense that it would reduce earnings per share.