Veltex Corporation (VLXC) Email Format

Investment ManagementIllinois, United States2-10 Employees

Veltex Corporation is an investment management firm based in Chicago, Illinois, publicly traded on OTC Markets under the ticker VLXC. The company describes its mission as recovering lost resources and assets and maximizing their value, aiming to address losses it attributes to alleged misappropriation, negligence, and fraudulent activities by prior management and professionals. It states that it is pursuing current litigation in federal and state courts to advance its claims, and that favorable outcomes could lead to opportunities such as tax credits, tax loss carryforwards, and potential mergers or acquisitions, with proceeds redeployed to shareholders. Veltex is a small organization with a compact team and maintains a website at veltex.com. In September 2021, Veltex appointed Thomas S. Bailey as Chief Operating Officer.

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