Replies to post #10004 on Veltex Corporation (VLXC)

[Dutchie]

I hope that with the website up and running and with the sales that have been pr'd, we as shareholders will see more and more revenue and hopefully earnings not only in dollars but also in North American Bank Accounts.

The 2003 financials still had the losses from the discontinued trucking business. These losses should not be there in their 2004 report. I have no idea however if and how much sales and therefore revenues and earnings (?) have been realized in the USA and in USA bankaccounts. I hope ofcourse that more and more of the revenues will fall on the American side of the business. Also I think it should be possible to get an auditor to do the consolidation for them. I mean, they are not the only business to have production facilities in Bangladesh. The fact that they have not found is some concern to me I must confess.

Lets hope that there will be a positive surprise when we do get the 2004 financials.

Oh yes and I do believe that we need consolidated audited financials before we can think about moving to another (higher) exchange, so that can take a while.

All my opinion ofcourse

Take Care

[Mastman]

I think the price increase is an acknowledgment that the marketplace considers Veltex a player. We should remember that not so long ago people were crying that this whole thing was the figment of someone's imagination and not a real company at all. We should discuss fundamentals and values and multiples just as we do with other companies.

I seriously doubt that you will see any buybacks for quite some time. Veltex is in an agressive expansion mode and I don't think that is compatible with buybacks. Veltex is building their business, I think to a point where they can sell or spin-off the foreign subs and move on to the ever promised better exchange. I believe that having third world subs renders a company unable to comply with Sarbanes-Oxley and I also believe that those regulations are about to become more stringent especialy for smaller companies. Hearing are being held today and tomorrow in Manhattan for just that purpose. Many currently listed small companies seeem to feel that they will be unable to comply with the proposed additional regulations. This is no time to jump into the regulation arena with a sub in a third world country. The new regs threaten to freeze trading in a stock for failure to comply. Scary indeed.