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Non-Tech : VLVT - Veltex Corporation
VLXC 0.0500+23.8%12:32 PM EST
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To: MCsweet who wrote (35)12/17/2004 4:06:51 PM
From: Silver_Bullet  Read Replies (1) of 39
 
It's still in the pink sheets so as far as investment grade it's highly speculative. I wouldn't expect any real analyst coverage until they make the jump the the Nasdaq which they claim to be in the process of doing. Remember only 2 years ago this co had about 13M in revenues. So the growth has been good but but they financed their operations with stock at the same time essentialy dilluting 26M outstading shares to 200M shares in just a couple years and then a 100:1 reverse split.

The question in my mind at this time is what are they going to do with 50 sales reps that they claim they are going to hire in 05 and how are they going to finance them. I hope they're not considering putting any of them on salary.

FT
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