Replies to post #1204 on Veltex Corporation (VLXC)

[veltexisprofitable]

i wish i could ask her why they keep making deadlines for themselves if they know its not done------they should have said it will be done when its done earlier instead of the time frames given----they got investors hopes up---do u agree???
serious question----i'm not trying to be rude either---i'd like ur opinion

[pual]

This is certainly a more credible forecast ("It would be done when it is done!") than those made by Matin.

Kind of nice to read something intelligent coming out from this outfit.

To Matin:

Here is a press release I think you should be able to issue if you care just a bit for your shareholders (why not dream a little more)

"I honestly expected to be able to release audited financials by the end of last March, even was lead to beleive that this could be made even earlier. I was unfortunately mislead and those responsible could not make it as committed having under-estimated the process required, considering the history and international status of Veltex.

However, 15 days after the set target date, a press release was issued and numbers released therein were some preliminary financials assembled by a non qualified to conduct formal audits firm. When I found out that this was the case, I as soon as feasable issued a correction and, to optimistically again gave another target date for releasing acceptable audited financials.

I hereby want to confirm that a credible firm (name it) is presently working toward producing complete and reliable audited financials so Veltex should have a solid base to then proceed to registration on a regular stock market as soon as possible.

Unfortunatly, having been burned more than once expressing wishes that did not materialize, I cannot communicate at this time a specific target date for such a release but want to assure our shareholders that this will be done as soon as it can."

This release would certainly be helpfull, assuming that you realy want to show some kind of transparancy.

p.s.
-Wonder if R Brunetti was involved somewhat in issuing prematurely preliminary numbers???

-Wonder if the asian outfit and its legal situation would not be behind this mess???

This however still doesn't explain the ridiculous communication skills demonstrated by the company over the last year.

Matin (assuming he is honest) definitely needs help and should watch who he gets involved with.