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hapslap

05/17/05 11:06 AM

#9783 RE: george8 #9781

the stock market is down some 5% this year; still, the average stock is not a bargain, compared to historic long-term valuations. This sounds like a perfect scenario for Veltex to attract the interest of hedge funds (or anyone else for that matter) looking for above-market gains. If half of what Matin said was true, an institutional investor would take a majority stake and demand that Matin do something to realize shareholder value. no credibility! anne tahim doesn't stand behind the '03 audit, in my opinion! (i've made calls to them and gotten no response). Matin, if he really believed in the company, would take it private himself - ostensibly, he could earn back his initial investment in a year or two, by paying out a fat, one-time dividend! he's a phuckin joke!

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cal

05/17/05 7:39 PM

#9790 RE: george8 #9781

That's the problem; there is no complete income statement issued for the 1st quarter. That should be a red flag.