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I will miss Stan, he was the most fair and balanced moderator on this board and didn't post to influence
what did he delete?
Ironridge hearing will continue in ALJ in February. However the constitutionally of ALJ may eventually go to Supreme Court. I believe 3-4 appeals courts have ruled in SECs favor with this being the first one against it.
Good article on this matter: https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN14H1S3
This is a Amici Curiae by Ironridge. Look up what that means. SEC won its appeal vs Ironridge in the 11th circuit.
From Basilica on 11/26/16:"Someone asked me what I had found but was deleted so I could not read exactly what was written. I can tell you I found out that through a personal relationship that VELA is going strong on the the Philippines and news will be forthcoming very shortly but Was asked not to reveal the discussion but I was aloud to let other VELA investors there is big news forth comeing. I will be buying more on these low pp's before it hits the Pennys but could not get a definitive answere on the 2016 sim patent for when it will be updated, but will be brought up before it actually closed in 2017 so I guess all of you know what VELA will be doing on that front for the outstanding benifts to its bottom line moving forward.
Hope that can answere some of the posters questions,
Take care and get ready for the ride ??????"
Well said Highroad, some newbie won't get that
I do but dude no one responds to your posts because they mostly incoherent imo as if you are using a translator. Why don't you ask your mystery contact?
Can those that invested in "(a)" or the initial 122mm get more shares for free of stock continue to decline?
Massive dilution with 257mm shares to sell?
More ALJ news today (12/14): https://www.sec.gov/alj/aljorders.shtml
Are you seriously for real? Just curious
What is your source saying?
CMMobile Global Communications Limited ("CMMobile") is a wholly owned subsidiary of VelaTel Global Communications, Inc.. In 2001, CMMobile was granted a license as a "Mobile Virtual Operator" ("MVNO"). Since that time, CMMobile has offered mobile value-added telecommunications services under the brand name "CMMobile." CMMobile has launched a range of innovative services to satisfy the needs for the frequent travelers between Mainland China and Hong Kong.
In 2002, CMMobile launched the first cross-border mobile service with its "1-Card-2-Number" service, providing customers Hong Kong and China mobile numbers in one single SIM. The launch of 1-Card-2-Number helps our customers save roaming charge and brings them more convenient lives. Our 1-Card-2-Number service offering has become the most well-known product for people who commute frequently for work between Hong Kong and China. Recently CMMobile has expanded its cross-border service to include Taiwan, Macau and Singapore. To keep pace with the growth of cross border business development, CMMobile continues to develop a wider variety of value added services.
In order to provide the best service to our customers, CMMobile has always been careful in selecting mobile network partners and distributors in Hong Kong, Mainland China, Taiwan, Macau and Singapore so that our customers can enjoy the best communication network and services.
For more information about VelaTel Global Communications, Inc., please visit www.velatel.com.
http://www.cmmobile.com.hk/en/help1.html
ALJ case is percolating with expert filings: https://www.sec.gov/alj/aljorders/2016/ap-4409.pdf
The reality is I think both our are theories are flawed and we won't get much clarity here until the ALJ hearing in February. I check this page out for comic relief but for the most part it's that at best IMO.
Theory: Management is buying shares and reason for the rally and will continue to buy. Certainly within the realm of possibility
Hear ya but he has had great timing and stocked has rallied since he has appeared. Also Could be a she as far as we know.
Gunner, let's see you in action. Perhaps people can start believing you
That .05 wasn't my end of year target, I was just saying what Topstockgirl said. That is why it was unpinned
Seriously as a moderator, how can you pin that post?
You are so wrong. They are still in business amigo, get your facts straight.
Ironridge sold all their holdings for multiple stocks to Dragonix in advance of them probably knowing they were under SEC investigation. Principals also sold homes in the US and moved to the Virgin Islands. Wonder why? I like the SECs changes in prevailing against Ironridge with hearing starting in February. This will be a huge catalyst and Velatel also says they will file after this as well.
Nice end of day paint at the bid worth $3.64.
Some people on this board are discounting the technical reasons and short squeeze potential. Believe me I want to see a filing but I do believe recent volume and price increase is important even though I am not exactly why. Let's see how it plays out.
I agree
Penny Planet, yesterday's volume X 300. i dont have private emails. how about you? you can message back
Per last message, that was related to someone putting in a good sized order to sell at .0008 (10mm) and .0009 which is understandable with the run we have had but that also scares new investors when there is low volume
Pro tip: if you want to take some shares off the table or take some profit, do not put in a large order to sell. That scares buyers.....unless you are a short
They are a market maker
A pure squeeze play that will crush shorts. This is purely technical
They have not been compensated. From their email, see below
Welcome to Stock Gone Wild
Your timing couldn't be better. VELA is perfectly positioned for a breakout! The pressure is building and the short selling is starting to cover. The stock price has recently Gained over 800% and held!
What Analysts are saying
"The short sellers have made their stake and are seriously afraid of having to cover at a HUGE 500% loss or more."
"The market has been recently short selling the stock out of fear that VELA will breakout but each time VELA gains the short market is weakened."
"We are telling you about this breakout because VELA has not traded down while the short sellers continue trying to make it trade down."
Thank you
Stock Gone Wild
@stockgonewild
Disclaimer: Stock Gone Wild (SGW) publishes reports providing information on selected companies. SGWis not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. SGW accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in VELA is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. SGW< has not been compensated for the publication and circulation of this report. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Copyright 2016 by SGW. All rights reserved. Our Full Disclaimer: http://stockgonewild.com/disclaimer/
How is Vela impacted if Ironridge loses to SEC and gets a cease and desist? Doesn't that help Vela? Why would they litigate before this is resolved?
Whether it's a short or Ironridge, more people should really notify the SEC.
Stocks often rally in anticipation of news
Ironridge hearing starts Feb. 21st https://www.sec.gov/alj/aljorders/2016/ap-4287.pdf
Gunner > Long Term Loser