Replies to post #167 on Veltex Corporation (VLXC)

[pual]

Absolutely right

Increasing the number of shares before each and every of these steps have been completed would be irresponsible ... to say the least.

The final picture of what this company realy is and the demonstration that recent acquisitions are under control must be well understood and verifiable before this company goes to new ventures.

Agreeing with the requirement for all these steps, I certainly look forward to seeing a strong BOD made of people we can find out about and having an history of successes. Unless I missed something, up to now, trying to figure out general information on the actual management, from general information sources (I do not mean unreliable message boards or company based sources), the only person having a public CV generally accessible is V.Duff. Even if history is not a garantee of the future (I certainly hope so, considering past "errors" of Matin), it is certainly better than nothing...

Stong reputed BOD and financials audited by a credible firm are the only possible next logical steps of the evolution of Veltex.

Authorizing additional shares right now, for whatever reasons, would be a very good reason for many to jump ship. I, for one, would certainly reconsider my long position if this was to happen.

Veltex being pure speculation (scam or not ???) authorizing new share in this context would smell pretty bad...

Roger

[dagnyish]

Hello daniello! I agree with your list of things with one exception: it seems that every time a company poses some 'limitation' on something they always run into it as an inconvenience (at best) or a disaster (at worst).

I am always for having high versatility. Things look quite different from inside a company. Most entrepreneurs put in long hard hours. Sometimes they are overwhelmed by the amount of work that must be done because (1) a growing company can't afford to load itself down with staff (2) the strategy changes every day because the company is not large enough to dominate the marketplace and must take advantage of any opportunity that comes along (3) small to mid-size companies can't work with major investment banking/consulting firms where they will receive top advice because they just don't represent enough business (4) these companies are constantly beset by fast-talkers selling services of 'unknown' IR/PR/consulting/investment banking/legal/accounting firms, etc. - some of which are real thieves (5) these companies have limited capital and must be very creative in how they use it (6) these companies are often attacked by professional bashers and have the choice of spending their limited funds on fighting the bashers or ignoring the bashers and spending their money on growing the business

Limits in the very limited world of the small/mid-size company can be a real problem