Thursday, October 5, 2017

VLXC: Patience and the Unknown

There's a bit of gambling in my line of penny stock investing.  I know that's sacrilege to all the intellectuals out there reading 500 pages a day and I know Benjamin Graham would not approve.  Whatever.  Sometimes the upside vs downside is compelling enough to take the plunge.

Veltex Corp (VLXC) is one of my gambles.  There is no revenue or operations.    They issue shares to pay bills.  Here is the investment thesis in one sentence: VLXC has been awarded $153M in damages from a lawsuit and has a market cap of $9M.