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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (7549)8/18/1999 4:45:00 PM
From: Investor Clouseau  Read Replies (3) of 150070
 
SSP, this could be a good candidate for the rumor list. Should be verified by another person before addition.

To: Investor Clouseau (11554 )
From: Investor Clouseau Wednesday, Aug 18 1999 4:33PM ET
Reply # of 11558

spoke to Barry Kaplan regarding Veltex Corp. (VLVT). He said VLVT took over the CSMA shell the beginning of June. No dilution going on. He also informed me that Mr. Matin told him they would be filing with the SEC within about 2 weeks.

The company they are looking at acquiring is in South Carolina and he believes they have contacts with JC Penney. VLVT plans on taking the looms from South Carolina to Bangladesh where labor is much cheaper.

CEO Javeed Matin (213)627-9194

Barry Kaplan (732) 747-0702

good luck to all,
IC, long VLVT; not a buy recommendation


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