Replies to post #9876 on Veltex Corporation (VLXC)

[george8]

Good point that VLXC could pay cash from operations for acquisition. If so, why not proudly spelled it out in the press release that X amount of cash from profits will be sued for the purchase? Doing so certainly will be more specific about facts and add credibility to the press.

I'd probably buy some shares because of it if they had done it.

I predict VLXC will slowly bounce up and down in the Bollinger Band, until the band becoms 10-15 cents in width.

[pual]

My expressed frustration with this stock is that every time Matin releases something, we have no way to figure out if it's totally true, greatly exagerated or an outright lie (or fallout of a non-realistic dream of his).

Far from bashing this stock (I haven't sold any and do not plan to do it yet) I just wonder why a sain person would issue releases after releases which are obviously not beleived by the market instead of normalizing the company so normal DD could be done.

By beleif is that Matin went thru great troubles over the last few years and lied to hide it (particularly the Mills ownership question).

I also beleive that after a lot of work he now start to succeed, is stuck with his financial claims including those of a business he doesn't own anymore (at least not as much as previously claimed.

Instead of coming out clean, outlining past difficulties (as he endedup doing in relation with his transportation venture) he still tries to gradually burry his lies and will have to keep doing it till he resolve (sell) his Bengladesh issue.

Till then, he will keep postponing normalization giving the market required transparency.

My hope is that that he will simultaneously announce that he financed his Canadian acquisition (if the LOI is followed thru) thru the proceeds of selling our Bengladesh based assets.

Thereafter he probably will have a cleaner financial situation (balance sheet), will probably have to show smaller revenues and bottom line (since Bengladesh's will not be included anymore) but he will have made it to a situation where normalization can be acheived and credibility be re-established somewhat.

This opinion (That's all it is) may be all BS. However having followed Matin for 6 years, 2 of which were inactive, this is why I beleive that current PPS may very well be justified (Doesn't take the kind of financials actually claimed to justify a capitalization of $10,000,000).

I do not beleive we soon will see (beleivably) a profit per share of $1 or mor, justifying a PPS of $10 to $15. However I beleive it is still possible to see one of $0.10 or more within a reasonnable timeframe, justifying current PPS or more.

All in all, this remains an interesting (and frustrating) medium term speculation still presenting high risk (credibility of Matin) but interesting upward potential (I however do not hold my breath).

A much more negative "speculation" can also be outlined and justified by past events if someone wants to. I however am an optimist by nature but I generally try to manage my level of expectation and thereby remain realist most of the time.