Replies to post #10719 on Veltex Corporation (VLXC)

[hapslap]

your response is not worth the virtual paper that it is written on. veltex would be using the same post-tax dollars to buyback shares as it would if it had decided to issue a cash dividend. the difference, as far as i can see, is that matin has committed to NOTHING! 'cash is king' is a truism on wall street. matin has not showed us the cash and i suspect that he never will. as for the stock dividend making it difficult for short sellers - that is LAUGHABLE!! there are short sellers in this stock? i don't think so!!!

[pual]

You may be right but the fact remains that "CREDIBILITY" of Matin is THE ISSUE.

One thing I figured out a long time ago, Matin is not stupid (whatever qualifier some may want to use).

On that basis, the question is: "Why doesn't Matin do whatever has to be done so he can become credible?"

Assuming he has an approporiate justification (I mentionned earlier one tought of mine) what could it be?

Based on what he said he numerous time to have some kind of audits performed and every time, we got "disclaimed", partial and meaningless reports, we had them very late every time we got some or not ay all in many instances.

If Matin is honest (why not try to beleive it) what in the world stops him from behaving as a normal leader of a successfull PUBLIC COMPANY.

You seem (my interpretation) to be very close to him and/or the company. Could be nice to hear your explanation of this apparently unjustifyable behavior ???