Replies to post #10067 on Veltex Corporation (VLXC)

[rogs]

Everyone has raised such credibility issues with VLXC.
One thing I did is to go to the Tradeshows calendar on the company web site. It is a PDF file to scroll down through.

http://www.veltexapparel.com/PDF/TradeShowCalendar.pdf

Then go to the tradeshow websites and look through the exhibitor list.
http://www.nbmshows.com/05-lb-elist-pw.shtml
http://www.asishow.com/PastShows/2005Orlando/OR05ExhibitorListD.html
http://www.asishow.com/PastShows/2005Dallas/DA05IndexD.html

FWIW I at least did find them on the exhibitor list of the upcoming shows.

Here's a map of the company address. Anyone know if they really exist there?

It appears that some of the skeptisim of right on the money and some is not. JMHO

[pual]

Nice post and I do not disagree with:"This is real. Veltex is real".

No bashing on my part but we have no way to know how real is real.

According to Matin, profit per share is $1 + (PPS of $12 - $15 justified by fundamentals).

According to the market (obviously including those who should know) this company is only worth less than $20,000,000 (10,000,000 X $1.70).

Still Matin spends a lot of money issuing PR's which have small or no impact on the PPS (credibility) instead on investing in actions which could inform the market appropriately. All along, Matin wants us to beleive that he uses shares undervalued by a factor of 6 to finance project.

Having been with this company as a shareholder for 6 long years, I certainly would not even think about bashing it. However, understanding what business management is all about, I sincerely wonder what is the motivation of Matin for not doing what everyone knows is needed to become credible.