Replies to post #10767 on Veltex Corporation (VLXC)

[pual]

Never mind a 50% of claimed profit being paid as a dividend.

I beleive that if Matin had simply announced a 5, 7.5 or 10 cents per share cash dividend payable rapidly and said that the BOD intends to review the situation later based on the evolution of the busines,

- The cash requirement would have been $ 500,000 to $1,000,000

- Even not beleiving the $1/share profit claimed, the market would have had reaso to beleive that cash there is

- Some level of credibility would have been acquired (not a luxury in this case) and

- The PPS would have gone from $1.50 to $2.00 instead of $1.50 to $1.00

Honestly, show me $1.50 again and I'm out (there is a limit to patience).