Replies to post #9913 on Veltex Corporation (VLXC)

[george8]

You may be correct about calling VLXC's low market valuation as under value if the share counts remain about the same. There are a lot of stocks for sale and are being sold at $1.3-$1.35. Where do the shares come from?

It seems that market makers are determined to jam the prices at around $1.3 with some selling from retail customers taken away by market makers at $1.2 - $1.25.

I wonder if anyone has the OS count update?

[SAMNOTSAMUEL]

Growth and Value,

The point that is most negative that should be on everybody's mind is it is now or never to start responsibly reporting everything pertinent. This is not a private company.

I will have to back off somewhat and say, I would not sell on acquisition except for the following:

a large increase in shares without an explanation I like.

Any share increase of more than 250,000 shares in my opinion should be properly and quickly explained. Particularly this company because it is highly questionable to increase shares on a supposedly dramatically undervalued company and also this company has a multi-year history of greatly increasing shares.

Last but not least this company at one point claimed over $3.00 earnings for 2004. I very highly doubt that that was true. At best once again I think the 6-7 million in net income was dependent on KCA acquisition being completed which it was not at that point.

Nobody should expect a dramatic price rise until this company is operated in a manner the public expects. That may never happen.

sam