Replies to post #10344 on Veltex Corporation (VLXC)

[george8]

G&V:

I hope that I did not offend you or anyone else, or show any disrespect in any way.

CAFE is an excellent read with respect to using press release to pump the share prices:

On 7/12/05, CAFE announced deal with WMT.

http://biz.yahoo.com/prnews/050712/nytu030.html?.v=12

>>"This is a major event for our company, which we have been working towards since last year. We expect this prestigious customer will like the savings they receive from this first-phase roll-out and believe that the next phase will involve a significant number of stores," said Company CEO, Geoffrey Ramsey.<<

On 8/31/05,CAFE retracted the WMT deal release:

http://biz.yahoo.com/prnews/050831/nyw113.html?.v=21

>>With respect to the July 12, 2005 press release, Host wishes to state that, while Host believed that there was an oral understanding between Host and Wal-Mart Stores, Inc. that Host would begin surveying 10 Wal-Mart stores, there is not, and never has been, a formal, written agreement with Wal-Mart concerning the proposed 10-store survey that was the subject of the July 12, 2005 press release nor is there any agreement for the installation of LightMasterPlus®. To date, neither Host nor its wholly-owned energy management subsidiary R.S. Services, Inc. has received from Wal-Mart a list of the 10 stores to be surveyed. Further, it is Host's understanding that any purchase and/or installation of the LightMasterPlus® will require approval by Wal-Mart senior management.<<

Within 10 trading days, CAFE shares went from $3.12 to high of $16.88, and then was halted, and then crashed down to $2.3 this evening.

CAFE management reportedly dumped millions of stock during the pump....

I respect your faith in Matin and VLXC. I just do not feel comfortable with it from its trading patterns and press release behaviors.

For those of you who know the real deals and true value of VLXC, please buy all you want on the cheap. For me, I only can rely on my chart reading experience. And the chart is very bearish.

I simply suggest more cautions.


George