Replies to post #10321 on Veltex Corporation (VLXC)

[pual]

Very honestly, I care less and less about what was going on 1 year ago. What I care about is having reliable data relative to what is going on now.

Granted an audited to 2004 is an entry point in this direction but it's not the destination.

Another thing that keeps bothering me is the ownership of the Mills and our ownership of the bengladesh business. 14 months ago, Matin did give us a view of the situation, rapidly shut the door when the shit hit the fan then we never were able to figure out what the story was all about after all except for "audits" not including this "component" (???) of Veltex.

My feeling of the situation:

I sit at a blackjack table, the dealer has a 7 card open and I have 14 in front of me. "Hit me!

6 out of 13 chances to burst!, 4 out of 13 chances to may be win (assuming a 10 or face in the hole) and many other possibilities ahead of me.

In one case I sit in front of a deck of cards which will decide of the outcome and in here Matin will.

Fortunately it's just playing money and I am darn happy I didn't bet the house on this hand.

Hope no one played over his head in here.

P.S. An interesting difference is that at the table, I cannot get better than blackjack against a loosing hand with the dealer when in here, larger win is always possible ???

I may be masochist but I enjoy the game (in 8 days I will have sat at the table for 6 years, having felt I had lost my last hand for 2 of them). LOL

[Mastman]

The reason I am concerned aboout the 04 audit is because the 03 audit came in 33% lower than predictions.

[george8]

I do not think MM would dare to take on a huge naked short position on a supposedly undervalued and low capitalized issue such as VLXC, unless they are certain or protected (hedged).

How can MM be certain? One way is because they are the execution arm of the pump and dump scheme. How can they be hedged? One way is they merely are selling shares ahead of shares that will be issued later at much lower prices.

To think MM could take up a large naked position on VLXC at prices of $2-$3, while Matin claims VLXC will make over $1/share in 2005, is not realistic.