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An Email From George
On Saturday, August 23, 2014 12:07 PM, George Alvarez <galvarez@velatel.com> wrote:
Ted and all,
What i can tell you is we are soft launching usa and europe to all velatel shareholders first (sept 1) and going to ask for their support in debugging network. I ask that you contact as many friends as possible and have them buy our 50 dollar worldwide sim and forward their experiences to the company to improve the product for the worldwide launch.
We then have 30 days before worldwide launch and sales promotion of product.
Its all about cash flow and where we decided to spend cash was on our product! Not accountants, attorneys, market makers or note holders.
The isaacs and america orient and kevin do not ask me for shares for they know i only had so much free cash to accomplish my goal and not dilute company with more notes! The company is legally obligated to issue the Iron-ridge a.. shares and they are trying to force us down to a no-bid so they can say we now owe the cash for they cant sell the stock! This is all part of our sec complaint and all part of the lawsuit. However, you must understand Its all about the use of cash !! That is best explanation i can give! You will see the seeds of my plan rollout on website as we get closer to launch! The work behind the scenes with new 4g noc, websites back office , trackers , billings, integrations with 90 other telecoms has been mind blogging and we feel was and is the best use of the cash!
In sept all will know what we have been doing and will appreciate what i did with all on free cash flow and my personal monies!
You can explain this to whoever for i am too tired (closed more than 70 agreements in 3 months in 4 continents) i really dont have the time continually explain ironridge nor the patience for everytime the market dumps on my news. On one side everyone wants news and updates and when i announce a huge deal (pocket mifi) the market dumps 1b shares!!! This has been a constant issue ! It causes me not to spend monies on accountants (450k for 2013k worldwide!!!) attorneys 500k last year alone!!! Or to make ANY announcements!
I will roll out my plan starting sept 1 ! I will not promote shares! We will spend the monies SELLING our products ! I will resolve ironridge but need a warchest to do it!!
Easy as that!!
I will not explain again so please forward this to whomever you choose!
Have a good weekend!
EMAIL FROM GEORGE
MY EMAIL
GEORGE
YOU HAVE TO LET THE SHAREHOLDERS KNOW WHAT IS GOING ON. WE NEED THE 10-Q AND CONFERENCE CALL. SOME OF US THINK VELA IS GOING OUT OF BUSINESS.
GEORGE'S REPLY
We are working on both and will have updated call in july.
I can assure you we are not going out of business. Our issuance's to ironridge is what is causing these problems for which we are also trying to eliminate via legal remedies.
We have been focused on our upgrade and in our carrier integrations for our worldwide service.
Sent from my iPhone
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Email From George!!
I sent George and email asking for the ETA on the 10K and conference call. Here is his reply.
Subject: Re: Hello George - A VELA shareholder
>
Date: Thursday, June 26, 2014, 9:04 AM
Q soon
Conf call mid july
Sent from my iPhone
What's the cut off date for file 10-q?
Has any heard from George ? Where's the 10Q?
WHEN IS THE LAST DAY TO SUBMIT 10-Q. IS IT JULY 15?
Why is George buying more stock now?
galvarez@velatel.com
George Answered My Email
My email to George
Subject: VELATEL WEBSITE IS DOWN AGAIN
People are beginning to wonder if VELATEL is still alive. When's the conference call?
George's Reply
The website is down due to the fires in san diego.
We have issued our 10k and will be doing conference call after i issue the 10q.
Thanks
Sent from my iPhone
On May 16, 2014, at 7:34 PM, "Kathryn E Burns" <kburns640@sbcglobal.net> wrote:
People are beginning to wonder if VELATEL is still alive. When's the conference call?
WEBSITE DOWN AGAIN.
Anyone seen George? He promised a conference call after the 10-K was released. He no longer responds to my emails.
10-Q will be late and website is down again
vela website down AGAIN. Q1 10K will be late AGAIN.
I think the news is bad, that explains the delay in submitting the 10K. But then why did all the insiders purchase stock. Is this another pump and dump scheme.
George, Isaac and Iron Ridge Stole My $. Give it back
If I don't see improvement in the stock price this quarter, I'm selling and taking my loses. As Seeking Alpha said, this is a pump and dump stock.
George is not answering emails, 10K late, the news is not good.
Scottrade won't allow me to trade. What do I do?
WHEN WILL PHOT GET BACK ON THE PINK SHEET?
WEBSITE IS BACK UP.
Where's the volume?
2nd quarter 2014. If it does turn around by then, I'm out. Also, think someone is cooking the books. But we will need an audit for that.
Is there anything we can do, other than sell what we have left.
what do I now:? This was my first and last penny stock investment. Should I sell and take the lose now (2014) or ride it out for another 2 years>? Please, I need some real answers.
Another day of low volume. wHY???
FROM TheStreetcom
Sorry, that was over a year ago.
From TheStreet.com
3/11/2014
The acquisition of China Motion furthers several of VelaTel's long term strategic goals. First, China Motion's access to wholesale voice and data services using the wireless network resources of incumbent carriers will allow VelaTel to begin deployment of its projects in mainland China with a fraction of the capital expenditures originally budgeted. Second, China Motion's experience and personnel in sales and marketing, customer service and billing solutions provides a platform to serve VelaTel's wireless broadband and voice networks worldwide. Third, the acquisition creates tremendous synergies with VelaTel's Europe based subsidiary Zapna, which also focuses on long distance and roaming solutions that cater particularly to the frequent international traveler. "The roaming and long distance solutions offered by China Motion and Zapna complement each other. We expect the revenues of both subsidiaries to increase as each gains exposure to customers beyond their current regional markets in Northern Europe and Greater China," remarked VelaTel's President, Colin Tay.
Why the low volume?
Received an email from George. I asked him for a conference call . This is his reply
Yes after my 10k that is due by april 15th
So when does VELATEL go out of business? I'm a long time share holder and I'm getting tired of all this. I would like to see but I'm in too deep.
George needs to have a conference call to discuss OS .
So when do you think it will reach .03,thats my break even point?
Could they have been granted and exstension?
I got the same message from George. If the final installment was paid then there would have been a press release. Obviously it was NOT paid and all is not ok.
8k will come out next week.
All is ok
Sent from my iPhone
On Feb 28, 2014, at 6:24 AM
Do you know this for sure or just assuming because there has been no announcement. The day is not over.
If Vela pays the final installment, how high do you think the stock will go?
Revenue!. Does anyone know if VelaTel is receiving any revenue from China Motion, VN Tech etc?
Why the high vol?
Over 100 mil shares were traded yesterday?
So who is buying this stock and why?