Replies to post #10256 on Veltex Corporation (VLXC)

[george8]

G&V:

I respect your conviction and trust on Matin.

Please notice that market is not buying your soft pump.

The technical break down of $1.5 is bearish, and may take VLXC back to $1.2 - $1.3 shortly.

And, who knows? When tax loss selling season approaches, VLXC may go deep under $1.00 again. There are just too many small investors who have bought in Matin's pumps during the last several months. Most of them, myself included, are under water.

I wonder who have been laughing all the way to the banks on the VLXC ATM?


George

[Mastman]

G&V I agree with your evaluation to some degree, but base my belief on what I have been told, rather than on what I have seen.

See the problem?

We need the '04 audit and if it comes out as advertised, it will lend credibility to the '05 forecast.

I firmly believe that major investment will never happen without reporting status, and without that I fail to be able to envision your price target. My problem is that I don't know how fiscally wise it would be for the company to spend 2.4 mil on compliance and that does not include the exchange expenses which are significant.