Excuse me.
Are you suggesting that any 2004 audit would come out before 2005?
Duh!
Yes it's late and should have been out by March 31, 2005 just like any reporting company. Fact of the matter is that Veltex is under no obligation to even produce an audit. I don't like that and I don't suspect any of us do, but why are we here when we should have known that going in?
The fact that they are trying to get this done is commendable to me. If you had been in this stock a long time you might see today's information as being light years ahead of what was available three years ago.
Do I think the company is for real?
I do.
Is is making money?
I don't know.
Will the stock appreciate?
I don't have a clue and either do you.
Will they ever become a fully reporting company?
Depends if they are able to become independent of the Bangladeshi operation at some point in time.
Why?
Because getting information out of any third world country in a manner that suits U.S. timeframes is never going to happen. Anyone who thinks so is just fooling themselves and I doubt Matin is stupid.
Big deal, the 2004 audit is late.
You'll like this even less, because when it does come out it will still be unconsolidated.
The 2005 audit will tell the story for those willing to wait.
Notice I never said it would be a profitable wait. Just a wait.
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