Replies to post #10357 on Veltex Corporation (VLXC)

[Mastman]

It is not my intention to defend Veltex, but I remain convinced that growth is the key component with small start-ups. As regards the letter of credit it has always been a good business principle to use borrowed money for any venture.

I had a stint a while back where a partner and I bought, rented and sold real estate. In all instances we mortgaged the properties as the worst that could have happened is default and foreclosure and we only had to risk 10% of our own capital. It's a matter of leveraging risk.

Sure a dividend would be great, but how long did it take Microsoft to begin issuing one?

My indicator will be the '04 audit (if and when) and the proximity of it to the prediction of 40 million in revenue.

[pual]

Very honestly, if I had "INVESTED" in this stock I would be out by now. If transparency does exist, then what we SHOULD understand is that something realy fishy is going on behind the scene.

Considering I only "SPECULOATED" or did bet in here, I will remain in for a while more understanding the risk.

However, if another push up of the PPS is enginneered by MM's and traders, I shall take my money and run.

This story doesn't make sense anymore and obviously Matin is getting rich without having to have his shares valued at higher price.

Someone one said: "If it looks like a duck, smell like a duck and quack like a duck, it's probably a duck".

If ever, things do go down the drain (whatever excuses Matin will put up to justify it) anyone holding this stock should accept that the writing was on the wall. That we refuse to admit it should not then be excuse.

Anyhow ... maybe, just maybe, there is no fire under the smoke we all see (unless blind).