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Dear jjj373
Thank you. I understand you very well and also
know what here behind the scene is ongoing.
I have been learning fast and I’m also connected
by good connections with peoples in important
US- positions and equal mind.
Nobody here can know what else and even much
more I’m doing beside in this matter, but I can
ensure this time Velatel will not escape, it will be
soon, but exactly at which day or moment the
US- Authorities will do its Job at Velatel, I can
or will not say. Just let it be like that !
I can confirm, that there is a lot of political pressure
ongoing for in the near future to guaranty a better
and more reliable capital market in the USA and
this is also important for the next election.
Also the timing is good for the Authorities
now to do of what they suppose to do.
Have a very nice Weekend
SEC Investors Protection !
Washington - Hotline 202 551-6551 as first contact,
possibly to get connected with the necessary Dept.
and/or person at the Regional-Office responsible
for the CA - San Diego region.
http://www.sec.gov/complaint/tipscomplaint.shtml here
its possible to see the list of matters the SEC takes
care of and they also provide guidance or informing.
http://www.sec.gov/contact/addresses.htm this is
the list of Regional-Offices in case if necessary.
Generally if peoples contacting the government
to follow the laws and to cooperate with them
to fulfill its responsibilities, they really like to
help, support and inform where ever they can.
With the SEC its similar like with the Fire-Brigade,
if nobody calls and inform, the house cannot be
saved and they have the best excuse, because
how could they know if nobody informed them
before and instead just complaining somewhere
else or making the fist in the pocket, is no use !
You have good Rights but you need to apply and
claim the Rights by yourself, because the Rights do
not by itself as automatically come to you !
At SEC you have to establish your claim to preserve
your opportunity for the losses to get compensated !
As following some information how you can formulate
your claim to have a chance to get for your losses
compensated and for evidence purposes what to refer :
1. You got on purpose by repeated misleading and misguiding
of Velatel & Co. in cooperation with NBT’s Tobin Smith working
on order and full acceptance of Velatel & Co. to take and create
illegal financial advantages of you.
As evidence refer to all Google publications of Velatel and NBT
from within the last four years, where you as repeated insisted
by them should have the best opportunities for the VELA-Stocks
to reach even the value of between USD 4 - 8 and therefore
based on this you did buy the VELA-Stocks.
2. You present your VELA-Stocks buying Receipt or Certificate
confirming under which price and stock-numbers at which date,
you because of Velatel & Co. repeated misguiding or misleading
did buy the VELA-Stocks.
Additionally you present your VELA-Stocks selling Receipt or
Certificate, where you based on the misguiding or misleading
have been forced to SELL for not losing even more money
if not even all to Velatel & Co. illegally only taking financial
advantages of you.
The amount difference between the VELA-Stocks buying and the
by Velatel & Co. with NBT’s Tobin Smith resulting forced selling
to reduce the illegally occurred lost, declare as your USD lost
as under additionally an annual interest of 10% with any legal
costs related may occur !
3. Additionally also confirming that Velatel & Co. as resulting
scam-company has also capital-companies at such strange
places as Seychelles and Caymans Islands you only after
your VELA-Stocks buying became a chance to know about
and never before could get any information‘s confirming
that something is wrong or not the way it suppose to be.
4. You confirm also, that before buying the VELA-Stocks you
could never according of any available information’s get the
idea of Velatel & Co. with NBT’s Tobin Smith in reality just
to be a scam-company for only sucking cheating Investors !
5. According of SEC support and additional information’s what
else for further completion purposes also as legally correct to
confirm.
The above also shows how easy it is to get Rights you deserve.
Tay Yong Lee ! ! ! !
As the only responsible Owner and President
of Velatel, in the Name of all VELA-Investors
you should immediately establish a bank account
at US-UBS or Bank of America, for your Stolen
amount of minimum USD 340 millions ( from 360 )
for all VELA-Victims Losses to get compensated !
Under the present situations by you created, this
is the only opportunity you have, as protection for
Yourself and your Friends & Family & Associates,
from otherwise very hard Justice Measurements by
the US- Legal System for many Years to come !
Regards,
VELA-Investors
Dear LongTimeObserver
Your posting 2577 looks somehow contradict in itself.
May dependences . . . . . . . . . . .
“You mention about impeccable reputation of Trussnet
by a 25 years old engineer and CEO George Alvarez
at building wireless networks around the world and
need to apply a new brush for George Alvarez !”
Sorry, but anybody knowing some of telecommunication
and wireless business, knows that this could not be the
reality, because around the world building since at last
30 years is made from some totally different high class
companies such as Alcatel Lucent, Siemens, Ericson,
Hassler, Etc. all blue-chip companies !
You really not need to apply any new brush and let
the nature of Al Capovarez & Co. where it really is !
Have a nice Weekend
Dear LongTimeObserver
Your posting 2577 looks somehow contradict in itself.
May dependences . . . . . . . . . . .
Have a nice Weekend
Velatel & Courts !
Read the following 7 Court-Documents and from a different angle
you know about the kind of Management at Velatel & Co. exists.
1.
In China Tel’s 10k filed with the SEC on 04-15-2010, it states,
“Our success will depend largely on the expertise and reputation of George Alvarez, our Chairman of the Board and Chief Executive Officer, and the other members of our senior management team, including Tay Yong Lee, our President, and Mario Alvarez, our Chief Operations Officer, none of whom are party to an employment agreement.”
Since China Tel Group Inc. has put the “expertise and reputation” of George Alvarez and Mario Alvarez at issue, below is a analysis and background the Alvarez brothers and of the individuals associated with them, essentially an evaluation of the people who are responsible for and controlling/using China Tel investors money. As referenced in China Tel’s SEC filings, China Tel operates or contracts with a variety of entities under the “Trussnet” name, which at the time of the formation of all the Trussnets and China Tel, all had the same physical address, employees, etc.
Let us take a look into the expertise and reputation” of George Alvarez, Mario Alvarez and several of the associates that they have surrounded themselves with along with their success in business ventures, all over the last 15 years. Where ever possible, this researcher has provided websites where the information provided can be accessed and verified. Where ever an opinion is stated by this researcher, this researcher has stated as such.
Background:
George Alvarez and Mario Alvarez have been intimately connected to the following individuals/companies through the formation of a multitude of entities (wherein the parties referenced below are all owners, directors and/or officers, along with multiple transactions in connection with these individuals/companies).
California Cove Communities Inc. (out of business)
Foton Motors Inc. (unable find any record of active business; Delaware indicates out of business)
Mobile Truss Inc. (out of business)
Capital Truss Inc. (out of business)
Trussnet USA Development Co. (out of business)
Trussnet USA Inc. (a Delaware corp.) (out of business)
Westmoore Securities (currently under SEC litigation for Ponzi scheme)
MKA Capital Group Advisors
MKA Real Estate Opportunity Fund LLC
Greenleaf Home Loans (out of business)
Matthew Jennings (currently under SEC litigation for Ponzi scheme)
Jason Sugarman
Luis Trujillo (currently under Chapter 7 bankruptcy)
Chris Young
Ken Waggoner
The above referenced individuals/entities will help clarify the many lawsuits against these same individuals/entities as referenced below.
Below are records of lawsuits, businesses and, where possible, backgrounds on the businesses and associates of George Alvarez and Mario Alvarez. Be advised that most of these lawsuits were resolved via settled with undisclosed settlement agreements. Further, the complaints contain allegations, not findings of fact.
Riverside County Superior Court
Lawsuit filed November 15, 1995-Case no 273669
Cynthia Kendall v. Luis Trujillo, et. al.
(Background-Alvarez and Trujillo are named in several lawsuits together and sat on the board of California Cove Communities Inc. together. At one point, Luis Trujillo was listed on Trussgroup Ltd.aka Trussnet’s website as it’s CEO)
Complaint filed by Cynthia Kendall alleges, among other causes of action, Retaliatory Discharge, against Luis Trujillo for her refusal to participate in and complaining of “an unethical practice of Trujillo accepting what plaintiff believed amounted to bribes in return for awarding subcontracts”. Allegations contained therein also accuse Luis Trujillo of accepting bribes on public work contracts.
2.
This case can be viewed at Riverside County Superior Court website, http://www.riverside.courts.ca.gov
Los Angeles Superior Court
Lawsuit filed June 12, 2002- Case no. BC 274660
Mar Vista Homes v. Luis Trujillo, George Alvarez and California Cove Communities Inc.
Complaint filed against Luis Trujillo, George Alvarez and California Cove Communities Inc. alleging, among other things, Breach Of Fiduciary Duty, Misappropriation of Corporate Opportunity, Conspiracy, Fraud, etc. Complaint alleges repeated instances of embezzlement and the acceptance of kickbacks by Luis Trujillo. Complaint further alleges Fraud and Conspiracy to cover up aforesaid conduct by George Alvarez and Luis Trujillo, both of whom were owners and directors of California Cove Communities Inc. Complaint also alleges misuse of Mar Vista corporate credit cards by Trujillo to provide helicopters rides, limousine rides, thousands of dollars in alcohol purchases and thousands of dollars of other goods and trinkets for Trujillo, Alvarez and Christopher Young (who is described as a “longstanding personal friend of Trujillo and Alvarez”).
This case can be viewed at Los Angeles County Superior Court website, http://www.lasuperiorcourt.org
Between 2002 and 2008, George Alvarez, Mario Alvarez, Luis Trujillo and Chris Young owned and operated a development company called California Cove Communities Inc. This company had the same mailing and physical address as Trussnet USA Inc. (Delaware), Trussnet USA Inc. (Neveda), Trussgroup Ltd., Mobile Truss, Capital Truss, Trussnet USA Development Co. Inc. and China Tel Group Inc. (when China Tel was originally formed).
California Cove Communities Inc. went out of business in December of 2007.
During 2007, California Cove Communities Inc. failed to pay vendors on its various construction projects while at the same time using Cal Cove monies to pay for their vehicles (Porsche, Mercedes Benz, and various other “company” vehicles for family members), personal residences at Crosby Estates in San Diego (multi-million dollar homes, average monthly mortgage payment $13,000.00), thousands of dollars in jewelry, limo rides, alcohol and first class seating on flights for Trujillo, Alvarez, Young and all their family members to Peru, China, Hawaii, San Francisco, etc. Please note that Cal. Cove has represented much of these expenses were “loans” or repayment of “loans” to Trussnet(s) although no accounting evidencing as such has ever been produced.
As a result of the failure to pay vendors, there have been over 50 lawsuits filed against California Cove Communities Inc. in the San Diego, Riverside and Orange County Superior courts.
Further, as evidenced in detail in the lawsuits below, millions of dollars was forwarded from MKA Capital Group Advisors and MKA Real Estate Qualified Fund and Opportunity Fund, to California Cove Communities Inc. Subsequently much of this money, instead of being used for the operations of California Cove Communities Inc., was transferred to Trussnet USA Inc., Mobile Truss and Capital Truss.
[Please note that a web site will be formed within the next few weeks wherein access to credit card statements and bank account records of Cal. Cove will be accessible for viewing]
3.
Orange County Superior Court
Lawsuit filed June 2, 2008-Case no. 07CC 11310
James Piper v. George Alvarez, Luis Trujillo, MKA Capital Group, MKA Real Estate Opportunity Fund, Netgate Consulting (owned by Mario Alvarez), et. al.
Complaint filed by James Piper, a former business partner, of George Alvarez and Mario Alvarez. Mr. Piper sues George Alvarez for, among other causes of action, Fraud, Constructive Fraud, Beach of Fiduciary Duty and Abuse of Process.
The complaint further alleges the George Alvarez and Luis Trujillo forged James Piper’s name to multiple documents in order to illegally convey millions of dollars worth of Mr. Piper’s property to themselves, which Alvarez and Trujillo subsequently used to secure deeds of trust on loans from MKA Capital.
The complaint further alleges that, in conjunction with forging Mr. Piper’s name to Deed Of Trust conveying property, Alvarez and Trujillo subsequently “evicted” Mr. Piper from his own properties.
The complaint further alleges that Alvarez and Trujillo engaged in the aforesaid conduct in order to “gain the ability to use Piper’s commercial credit to obtain misbegotten financing on projects”. It is unclear whether or not Trussnet aka Trussgroup aka China Tel Group is one of those “misbegotten projects”.
This case can be viewed at the Orange County Superior Court website, http://www.occourts.org
Orange County Superior Court
Lawsuit filed December 9, 2008-Case no. 30-2008-00115855
San Marco-105 LLC v. George Alvarez, Mario Alvarez, Luis Trujillo, Chris Young, Jason Sugarman, MKA Capital Group, MKA Real Estate Opportunity Fund, et. al.
Complaint alleges causes of action for, among others, Breach of Fiduciary Duty, Conversion and Embezzlement and Civil Conspiracy. Essentially more of the same as allegations in the lawsuits contained above.
This case can be viewed at the Orange County Superior Court website, http://www.occourts.org
San Diego County Superior Court
Lawsuit filed March 10, 2010-Case no. 37-2010-00087536-CU-EN-CTL
VRT Square LP v. China Tel Group, Mario Alvarez, Kenneth Waggoner, Ken Hobbs, et. al.
Complaint alleges causes of action for, among others, Fraudulent Conveyance, Fraud, Conspiracy Unjust Enrichment and Constructive Trust. Allegations state that a legitimate judgment was obtained by VRT Square against Mario Alvarez and his failed company, Greenleaf Home Loans. Complaint further alleges that after obtaining judgment, Mario Alvarez transferred essentially all his assets and all his stock in China Tel Group Inc. to various friends and family members.
This case can be viewed at the San Diego Superior Court website, http://www.sdcourt.ca.gov
4.
Orange County Superior Court
Lawsuit filed September 22, 2008-Case no. 30-2008-00112284
SA CALIFORNIA GROUP, INC VS. George Alvarez, Mario Alvarez and Luis Trujillo
Complaint itself is not extraordinary, except for the fact that the Plaintiff therein obtained a judgment in excess of 7,000,000.00 against George Alvarez, Mario Alvarez and Luis Trujillo based upon personal guarantees.
What is extraordinary was an expert witness report prepared on behalf of Plaintiff, which George and Mario Alvarez’s attorney attempted strenuously to keep from being admissible at trial. This expert witness report was prepared by Robert Cunnane, a CPA and former FBI agent with the FBI’s financial investigations unit for 21 years. Mr. Cunnane report concluded that there was check fraud/check kiting being performed by the companies Trussnet, Westmoore, California Cove Communities Inc., Foton Motors, Trussnet USA Development co. Inc., the Weal Group (another entity associated with and/or owned by George Alvarez), Mobile Truss and California Cove Development Co. Inc.
The expert further references that all of the aforesaid entities had the same address and all checks for aforesaid entities were signed by the same two individuals.
This expert witness report was filed with the court on this case on June 2, 2010.
This case can be viewed at the Orange County Superior Court website, http://www.occourts.org
Trussnet USA Inc. (a Delaware corp.) went out of business in approximately December of 2009 (Although it should be noted that attorney Ken Waggoner represented to collection agents at 4:46 PM on 10-26-10, that Trussnet that it had been out of business for two years, which would put the date mysteriously at 10-26-08). Mr. Waggoner even went so far as to threaten to sue one of the agents for a former employee, whose sole offense appears to have been to attempt to collect employee wages owed on an employee of Trussnet USA Inc. (Delaware) from China Tel Group Inc. Trussnet USA Inc. and China Tel Group Inc. had the same offices in the same suite at the time.
When Trussnet went out of business, it failed to pay its employees. At the time of “going out of business” the president of Trussnet USA Inc. was Chris Young, and the directors were Jose Arana and Richard Guiterrez (names you may recognize from China Tel’s SEC filings).
The following employees of Trussent USA Inc. were not paid for several months and ended up obtaining judgments against Trussnet USA Inc. (Delaware) in April of 2010. To date, these employees have not been paid:
5.
Danielle Mann v. Trussnet
Orange County Superior Court Case No. 30-2010-00363999-CL-EN-HLH
Archimedes Cruz v. Trussnet
Orange County Superior Court Case No. 30-2010-00347375CL-EN-HLH
Benito Cruz v. Trussnet
Orange County Superior Court Case No. 30-2010-00347324-CL-EN-HLH
Juan L. Orellano v. Trussnet
Orange County Superior Court Case No. 30-2010-00347386-CL-EN-HLH
Genaro Cruz v. Trussnet
Orange County Superior Court Case No. 30-2010-00347368-CL-EN-HLH
Jose Rodriguez v. Trussnet
Orange County Superior Court Case No. 30-2010-003-CL-EN-HLH
Hoshiar Haghani v. Trussnet
Orange County Superior Court Case No. 30-2010-00363999-CU-BC-CJC
These cases can be viewed at the Orange County Superior Court website, http://www.occourts.org
According to China Tel Group Inc.’s SEC filings, China Tel Group Inc., “issued to Trussnet Delaware 90,890,639 shares of the Company’s Series A Common Stock in lieu of a $47 million cash payment.”. These share were issued to Trussnet USA Inc. even though, according to Ken Waggoner (Trussnet and China Tel Group’s general counsel), Trussnet was already out of business at the times the shares were issued.
Further, China Tel Group SEC filing on September 10, 2010, states, “On October 1, 2009, Trussnet Nevada and Trussnet Delaware entered into a First Amendment of the Agreement for Professional Services (“First Amendment to Professional Services Agreement”)”.
Why would Trussnet USA Inc. Nevada enter into an agreement with a company that, according to Ken Waggoner, had been out of business for a year?
Even more important, where did these 90,890,639 shares go to after they issued to Trussnet USA Inc. (Del.)? This researcher has been unable to find any record that Trussnet USA Inc. has paid any of the judgments against it by various creditors, or has Trussnet paid any of its employees that sued for unpaid wages and obtained judgments, or has it paid any of the dozens of IRS liens against it. In truth, over 38,000,000 of the aforesaid shares were issued to Trussnet after aforesaid employees had obtained judgments, yet not a single one of them have benefitted to date.
Where did these shares go to?
Putting things in perspective on the “reputation” of George Alvarez and Mario Alvarez, this researcher would suggest contacting former employees and business associates of George and Mario Alvarez to get an idea of what their “reputation” is and how it would possibly benefit China Tel Group Inc.. In April of 2010, these Trussnet USA employees were fighting for wages owed to them and were obviously not millionaires or world travelers. During this same time period, in July of 2010, Mario Alvarez was relaxing in Hawaii and George Alvarez was doing the same in Europe. They returned to the mainland/USA at the end of July for a couple days and then they both spent the next month on a Mediterranean Cruise and vacationing in the mideast. This researcher will leave it up to the reader to evaluate whether or not they should be allowed to hide behind the difference between Trussnet USA Inc. (a Delaware corp.) and Trussnet USA Inc. (a Nevada corp.), especially when both entities were located at the same address and phone number (which is also where these employees went to work).
6.
For verification of the above referenced stock issuances to Trussnet USA Inc. (Delaware) by China Tel Group Inc., see THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS filed by China Tel Group with the SEC, dated September 30, 2010 (UNAUDITED) under NOTE 17 – RELATED PARTY TRANSACTIONS and under heading “Professional Services Agreement Between Trussnet Nevada and Trussnet Delaware” and ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
All China Tel Group Inc. SEC filings can be viewed at the SEC website, http://www.sec.gov
And finally, while not directly applicable to the “expertise and reputation” issue, the next lawsuit should draw serious questions and concern from both MKA Real Estate Opportunity Fund investors and China Tel Group investors:
Orange County Superior Court
Lawsuit filed September 22, 2008-Case no. 30-2008-00116368 (lead case)
MKA Real Estate Opportunity Fund v. George Alvarez, Mario Alvarez, Luis Trujillo, Chris Young, et. al.
Complaint that consolidated 10 other complaints file by MKA REOF against the above referenced defendants, for a total of $48,236,733.00. Complaints were for monies loaned to real estate developer California Cove Communities Inc., wherein George Alvarez, Mario Alvarez, Luis Trujillo and Chris Young (and all their spouses) had personally guaranteed said loans All complaints were inexplicably filed by MKA long after monies were owed, in some cases years after monies were owed, and only after all the assets of California Cove Communities Inc. had been bled off or transferred.
After the cases were consolidated, a stipulated judgment was entered wherein all the parties with personal guarantees were dismissed except one, Luis Trujillo, who agreed to have a $48,236,733.00 judgment entered against him. Almost immediately thereafter, Luis Trujillo filed Chapter 7 bankruptcy.
The question is-Why would MKA (or the attorney for MKA) waive personal guarantees against six other individuals (who had money to go after) and enter into a stipulated judgment against the one person who did not have money? Now… there could have been a settlement with the other parties that does not reflect on the court’s docket, but this would normally require some kind of application to the court to approve a “good faith settlement”. Based upon the record, there does not appear to be any consideration for the dropping by MKA of all personal guarantees against George Alvarez, Mario Alvarez or Chris Young (and their spouses) in this consolidated lawsuit.
Please note:
Jason Sugarman is the president/managing member of MKA Capital Group and MKA Real Estate Opportunity Fund.
Jason Sugarman’s Dad was on the board of directors for China Tel Group Inc. when it was initially formed. His Dad is a medical doctor in Fullerton, CA, not a telecommunications expert.
MKA’s attorney on the above referenced consolidated lawsuits was Dan White.
MKA’s attorney, Dan White, is the authorized agent for service of process for Gulfstream Capital LLC.
Gulfstream Capital Partners LTD., are partners/investors in China Tel Group’s Peru operations (Perusat).
These consolidated cases can be viewed at the Orange County Superior Court website, http://www.occourts.org
Additional sites that will assist readers/researchers in evaluating the “expertise and reputation” of George Alvarez and Mario Alvarez are listed below.
7.
The following are websites where aforementioned records were obtained:
Public Access To Court Electronic Records (PACER) http://www.pacer.gov
California Contractors State License Board http://www.cslb.ca.gov
Arizona State Contractors License Board http://www.azroc.gov
Nevada Secretary of State http://www.nv.sos.gov California Secretary of State http://www.sos.ca.gov
Delaware Secretary of State http://www.sos.delaware.gov
Securities And Exchange Commission (SEC) http://www.sec.gov
Additional detailed information can be obtained from commentaries made to the Investor Watchdog article on the Westmoore Ponzi Scheme.
Good Luck to the Remaining VELA-Investors !
Tay Yong Lee ! ! ! !
As the only responsible Owner and President
of Velatel, in the Name of all VELA-Investors
you should immediately establish a bank account
at US-UBS or Bank of America, for you Stolen
amount of minimum USD 340 millions ( from 360 )
for all VELA-Victims Losses to get compensated !
Under the present situations by you created, this
is the only opportunity you have, as protection for
Yourself and your Friends & Family & Associates,
from otherwise very hard Justice Measurements by
the US- Legal System for many Years to come !
Regards,
VELA-Investors
Tay Yong Lee ! ! ! !
As the only responsible Owner and President
of Velatel, in the Name of all VELA-Investors
you should immediately establish a bank account
at US-UBS or Bank of America for the amount
of minimum USD 340 millions ( from about 360 )
for all VELA-Victims Losses to get compensated !
Under the present situations by you created, this
is the only opportunity you have, as protection for
Yourself and your Friends & Family & Associates,
from otherwise very hard Justice Measurements by
the US- Legal System for many Years to come !
Regards,
VELA-Investors
Dear MoneyMonkey
Thank you very much for your interesting
Forbes publication. Excellent job to show
the reality for the remaining VELA-Investors
to reconsider its wishfully believing and to
apply better reality reconfirmed decisions.
Possibly I will contact Neil Weinberg,
may also as a Son David’s.
Shalom
Have a nice Weekend
Dear LongTimeObserver
I thank you very much for the good evidences and publications
you present in this matter, specially last SEC of May 14, 2012.
But when it comes to the interpretation now related to Westmoore,
then according of available knowledge it need some corrections,
completions and resulting conclusions as following.
ChinaTel Group Inc. Tay Yong Lee and George Alvarez are definitely
NOT VICTIMS of Westmoore, they PARTICIPANTS where in reality just
equal minded criminals, by one hand washing the other, did find each
other to bring the SCAM from a local to a global level even into China.
The Chinese Gov. never received $ 200 millions, but instead contract
based promises which are since two years overdue, totally not fulfilled,
because Velatel by its Sub-Companies did at two smaller cities install only smaller internet test-transmitter-units for impression purposes and as result
the Chinese Gov. 2012 canceled the fiber 29 cities Sino Crossings contract
and now splitting it with other companies such as ZTE and China Telecom
12 cities project, Etc.
Velatel did also not pay the by China Gov. requested $ 800 millions
for the 3.5GHz spectrum-license and lost the opportunity and as result
China Gov. is now closing contracts with others than Velatel & Co., it means Velatel again has nothing related to spectrum-license for to do 4G internet
in China.
This for Neil Weinberg also to consider in case you contact him !
VELA Management ?!
Read Carefully From Court Documents.
In China Tel’s 10k filed with the SEC on 04-15-2010, it states,
“Our success will depend largely on the expertise and reputation of George Alvarez, our Chairman of the Board and Chief Executive Officer, and the other members of our senior management team, including Tay Yong Lee, our President, and Mario Alvarez, our Chief Operations Officer, none of whom are party to an employment agreement.”
Since China Tel Group Inc. has put the “expertise and reputation” of George Alvarez and Mario Alvarez at issue, below is a analysis and background the Alvarez brothers and of the individuals associated with them, essentially an evaluation of the people who are responsible for and controlling/using China Tel investors money. As referenced in China Tel’s SEC filings, China Tel operates or contracts with a variety of entities under the “Trussnet” name, which at the time of the formation of all the Trussnets and China Tel, all had the same physical address, employees, etc.
Let us take a look into the expertise and reputation” of George Alvarez, Mario Alvarez and several of the associates that they have surrounded themselves with along with their success in business ventures, all over the last 15 years. Where ever possible, this researcher has provided websites where the information provided can be accessed and verified. Where ever an opinion is stated by this researcher, this researcher has stated as such.
Background:
George Alvarez and Mario Alvarez have been intimately connected to the following individuals/companies through the formation of a multitude of entities (wherein the parties referenced below are all owners, directors and/or officers, along with multiple transactions in connection with these individuals/companies).
California Cove Communities Inc. (out of business)
Foton Motors Inc. (unable find any record of active business; Delaware indicates out of business)
Mobile Truss Inc. (out of business)
Capital Truss Inc. (out of business)
Trussnet USA Development Co. (out of business)
Trussnet USA Inc. (a Delaware corp.) (out of business)
Westmoore Securities (currently under SEC litigation for Ponzi scheme)
MKA Capital Group Advisors
MKA Real Estate Opportunity Fund LLC
Greenleaf Home Loans (out of business)
Matthew Jennings (currently under SEC litigation for Ponzi scheme)
Jason Sugarman
Luis Trujillo (currently under Chapter 7 bankruptcy)
Chris Young
Ken Waggoner
The above referenced individuals/entities will help clarify the many lawsuits against these same individuals/entities as referenced below.
Below are records of lawsuits, businesses and, where possible, backgrounds on the businesses and associates of George Alvarez and Mario Alvarez. Be advised that most of these lawsuits were resolved via settled with undisclosed settlement agreements. Further, the complaints contain allegations, not findings of fact.
Riverside County Superior Court
Lawsuit filed November 15, 1995-Case no 273669
Cynthia Kendall v. Luis Trujillo, et. al.
(Background-Alvarez and Trujillo are named in several lawsuits together and sat on the board of California Cove Communities Inc. together. At one point, Luis Trujillo was listed on Trussgroup Ltd.aka Trussnet’s website as it’s CEO)
Complaint filed by Cynthia Kendall alleges, among other causes of action, Retaliatory Discharge, against Luis Trujillo for her refusal to participate in and complaining of “an unethical practice of Trujillo accepting what plaintiff believed amounted to bribes in return for awarding subcontracts”. Allegations contained therein also accuse Luis Trujillo of accepting bribes on public work contracts.
Supplement to SEC Announcement of May 14, 2012 - Post 2573
The official wording of SEC is “SEC Halts Trades . . . . . “
The Bloomberg journalist Joshua Gallu made some grammatical
interpretations, as “SEC halted trading . . . . .” instead of HALTS
trading.
Further he wrote “The trading suspensions, the most by the SEC
in a single day . . . “ instead “The trading suspensions, the most
by the SEC in a single day announced . . . . “
To preserve SEC reality the differences are important to consider.
It is clear that such a huge task can never be made in one day
only and has just started !
SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push
By Joshua Gallu - May 14, 2012
The U.S. Securities and Exchange Commission halted trading in 379 shell companies over concern that fraudsters could hijack stocks to steal investor money.
The trading suspensions, the most by the SEC in a single day, stem from the work of an agency task force that identified clearly dormant microcap stocks in 32 states and at least six countries, the SEC said today in a statement.
Microcap shares have long been used for frauds such as pump-and-dump schemes, in which a perpetrator buys stock in a thinly traded company and touts its value through false and misleading statements. Illicit profits are reaped when those behind the fraud dump their shares into the market after pumping the prices higher.
“Empty shell companies are to stock manipulators and pump- and-dump schemers what guns are to bank robbers -- the tools by which they ply their illegal trade,” SEC Enforcement Director Robert Khuzami said in the agency’s statement. “This massive trading suspension unmasks these empty shell companies and deprives unscrupulous scam artists of the opportunity to profit at the expense of unsuspecting retail investors.”
Regulators sharpened their focus on shell companies about two years ago amid complaints that issuers, many from China, were using them to enter U.S. markets through so-called reverse mergers. In a reverse merger, closely held firms buy shells that let them sell shares on exchanges without the scrutiny that would surround a public offering.
Several reverse-merger companies have seen their share prices plummet amid allegations that their financial statements were inaccurate.
Dear MoneyMonkey
I got the same 404 Error !
Have a nice Day
Dear LongTimeObserver
By myself is only the headline writen,
but the same 1 Page as at Y.Board is
not attached and I don't know how to
do with my limited computer Know-How.
Thank you in advance if you could do.
Have a great Day
Dear Bobthenob
Myself same as others, even you have different opinions sometimes
as quiet similar to those from Toby & Co., did try to treat you with
good respect and manners, but as you now confirm with your attitudes
you not really deserve that.
However I do not need your confirmations or any VELA-Investor, that
as successful at even an international level have others already done.
It is your own problem if nobody really can help you or you believe
not necessary to need any help, but that mentioned should not result
in baseless inadequate personal deformations of others as myself or
any fantasy not reality based interpretations variations.
I’.m coming from a good aristocratic family by living in circumstances
you may could only get jalousie about and resulting do not allow such
things as from you presented.
Keep in mind : Who LOL last will LOL Best !
Do not send me any post with your rants again, for not getting dirty
hands I will not with you participate or respond to you anymore.
Just Ignore and forget me, that’s the best you can really do !
Good Luck for Ever
Welcome SEC and FBI !
Thank you for Closing Velatel & Co.
and bring Justice to Mr. Tay Yong Lee
& Associates and Full Compensations
to all former VELA- Investors.
Thank you also for Cleaning the
US Capital Markets to become
much more attractive !
Dear Bobthenob
Congratulations for you surviving the reading.
Yes I should more practicing English, your
right, but its not so easy for me, because
writing more iHub postings is not possible.
Have a nice Evening
Velatel’s Situation !
It seems some have still not really understood
or simply don’t like to understand the reality
and facts based situation with Velatel.
Let’s explain this also by some examples.
For example a killer kills 9 peoples and
incidentally when he is at some day at the
street, he see a terrible accident happen
and he successfully applied live rescue
measures at the right time before of any
doctor to help could reach and the victims
family are happy and even the TV medias.
But for the 9 peoples killed before still get
the dead sentence carried out.
Answer for yourself if this is OK for you ?
Next example :
Velatel as seen according financial statements
has fictive as loss of $ 252.8 million declared
plus about an additional $ 100 millions during
4 years for so called Consultancy-Fees by the
seen results for not doing anything and also no
equipments or real assets what belong to them
( if there is something it belongs to Isaac ) ,
have been shown because simply not exist and
the complete amount of about $ 352.8 is missing
for the VELA-Investors as owner of the company,
because by laundering has only for private matters
of the company president and employee consultants
been used.
As result the VELA-Investors Owner property got
stolen. That’s as Shell or Scam Company done,
combined with 4 years of unfulfilled promises !
Just hypothetically, Velatel one day possibly get
some revenue from some pro-forma project for
impression purpose it finally made and the from
company stolen money of about $ 352.8 millions
it just remain as it is stolen and missing !
But just because some pro-forma project to show
at least finally gives some revenue and the missing
$ 352.8 millions can also not by any Save Harbor
been explained or as OK confirmed, then the SEC
will say OK and everything’s just fine, for them no
need to go to prison and as in the Madoff and
Stanford case get the company closed and all
private properties confiscated to compensate the
VELA-Investors ?
Does anybody believe anything in US is possible,
or as consequence its correct that the company
soon by SEC will get closed anyway ?
To answer this question for yourself, will help
you to decide your actions at VELA-Stocks !
Have a good Time
Velatel’s Present WIMAX
WIMAX is only a improved 3G internet, they now again faked by
its Asian impressions purposes only as present by them in all
the medias as the solution for Croatia and Montenegro.
In reality even with the common 3G its technically no problem
to provide internet with Down-Load 2 Mbs and Up-Load 1 Mbs,
what means that 90% of all internet users would just be very
happy to have without even any problems for general highest
uncompressed resolution PDF-Applications instead of Fax, because
by the most providers get only Down-Load 1 Mbs but Up-Load
as too less 0.2 Mbs what does not allow good PDF-Applications.
However all of this is also proving that for Velatel technically
has been no reason, for so many years just waiting for ZTE
4G 3.5GHz Transmitter-Base-Stations, to generate revenues if
the money instead for Laundering or Stealing from Investors
as the official Company Owners, for Equipments would have
been applied.
This again is also just reconfirming Velatel’s Company Policy
and Intent as Scam-Cheat company just for Sucking Abusing
Investors, as the only reason as from the very beginning of
the Company Registration as a Company with publicly traded
Stocks.
Usually companies first do work to get some good market-share
and revenues for at the right moment, possibly also for some
expansions, to initiate later a IPO, but not so by Velatel just
as quick as possible did have only the money from possibly
Naive-Investors in mind !
That’s What Everybody and SEC, Today Can Very Clear See !
Dear MoneyMonkey
Good morning.
Think about, CENX or AA is at new 52 weeks low !
Therefore I bought some yesterday.
I’m sure, by that prices it already within 4 weeks
can compensate some of the VELA losses.
Have a nice Day
Last Rescue Call !
May 17, 2012
SEC Halts Trades in 379 Shell Scam Companies !
STRICT ADVICE FOR TODAY TO DO !
1. All VELA-Investors before Trading-Opening, Cancel all
VELA-Stocks Buying-Orders, for not as the last to remain
with purchased ZERO-Value Stocks, because after SEC Halt
and Company’s Close the Stock will never be traded again !
2. Under this SEC situation for the Best Interests of all
VELA-Investors, NOW Dumping all Stocks by Best SELL Orders !
Sorry for this and refer to all iHub Postings in this matter.
Good Luck
Americanbulls.com or Etc. ?
( Completed Version )
May 15, 2012 as at nearly every trading session.
Americanbulls.com or Others with same
computer analyzing trading systems issued
a confirmed BUY for tomorrow, because
today the closing price as 2.5% higher
than the opening price. OK - Fine !
But the 2.5% higher closing price has been
made 15:58 at Best-Buy of 1000 Shares for
the amount of about $ 20.- so cheap to
cheat the computer analyzing systems as
regularly applied by AUTO, NITE or ETMM
and that’s how the Investors for the next
trading day get influenced.
The Instead-Tricks is to achieve :
Instead Sell = Sell-if
Instead Sell-if = Hold or Wait
Instead Hold or Wait = Buy-if
Instead Buy-if = Buy
An other resulting example of Americanbulls.com or Etc. :
03.21. 0.021 Buy = The volume and price OK buy done.
04.17. 0.028 Sell = In the beginning one peak to only 0.0275
and down Sell not possible, but they claimed Sold.
Additionally by the Instead-Tricks the very nice moment in between
03.21. and 04.17. when it by record volumes went even to 0.046
easy by 0.044 to Sell and have a profit of 110%, but that by the
Instead-Tricks advises not possible.
Then they adviced at 04.30. 0.0225 Buy at 05.03. 0.0227 Sell
at 05.15. 0.020 Buy, but in reality still sitting on the Stocks
03.21. 0.021 Buy and now at 0.020 have a lost of 4% but about
the lost +110% opportunity not to talk and they claim in its history
from 03.21 until 05.15. a profit of 34% instead in reality a lost of
4% with a missed +110% opportunity !
If trading is that way and Investors follow its Advices,
and fall into such traps by that then no thank you !
Instead I propose ignoring the final peaks within the last 5 - 10
trading minutes and better to use own commonsense experience
and observation with all news also combined with some intuition.
ZTE & VELA Financing !
ZTE Matter :
If you like to know about the Reality of Velatel, then don’t aks them
because my all experiences over the years, only lies would result.
Asking Velatel is the same like asking a criminal stealing a car and
as answer get to know that somebody with a knife forced him to do.
As result like to know something related to ZTE just at Google enter
“ZTE News China” and you can see all their press releases about
doing installations or negotiations for installations in Pakistan, Quatar,
Sweden, Nord African Countries, Etc. everything of their business activities.
Just by anything from Velatel then by ZTE confirmed you can find nothing
not even the Name or some US Partner-Company or Croatia or Montenegro mentioned and that as everybody knows ZTE so greedy to have a Foot in
or near Europe ( under the US+EU Security Problems they have ), or about
Financing Cooperation with Velatel, just as usually there is also nothing
to find. As result Velatel’s announcement of ZTE Financing Agreement is
only once more based on by Velatel’s faked Press-Release only for the
usual attraction and Asian impression purposes to scam VELA-Investors !
Velatel Financial Statement :
In accounting business less than one cent or just Zero is not possible.
It means if a company made lost it automatically results in higher loans
usually with annual 10% interests within the company’s bank account with
its granted loan-limit according of existing assets and revenues.
In the case of Velatel in the Financial Statement they show a lost as
lost declared of $ 252.8 millions and its amortization is $ 572’954 but
additionally annual 10% interest, as also according any Isaac Agreement, resulting to $ 25.28 millions nobody can see. This is prove that the lost
effectively is only fictive means the Laundering Amount plus additionally
all the Consulting Payments to Trussnet & Jointmax HK and Etc.
The SEC for sure will be happy to clean-up the criminal activities.
At least Velatel preserves as usual its fake scam-cheating tradition.
Latest Wake-Up Call !
( Up-Dated Version )
May 14th 2012 SEC Release :
SEC Halts Trades in 379 Shell Scam Companies !
It means that any VELA-Investors from now on need to expect
the VELA-Stocks as repeating since weeks insisted, get Blocked
and Stopped at any moments, even before trading-open or during
any trading-session from one second to an other !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete it therefore takes moments.
Everybody knows, Velatel is the ideal shell scam-cheat company !
1. As Result All VELA-Investors before Trading-Opening, should Cancel
any VELA-Stocks Buying-Orders, for not as the last possibly to remain
just with purchased ZERO-Value Stocks, because afterwards according
findings to expect, it will never be traded again !
2. Specially under this kind of situation now for the Best Interests
of VELA-Investors the Stock-Dumping by Best SELL Orders can
only be the Best Advice ! !
When the SEC is blocking VELA, it will not been possible anymore
for quickly applying any Best-Orders Panic-SELLs ! ! !
The SEC will not ask before “May we now stop the trading ?”,
they just stop it when they stop it !
Sorry for this and refer to all iHub Postings in this matter.
Good Luck to Everybody
Latest Wake-Up Call !
May 14th 2012 SEC Release :
SEC Halts Trades in 379 Shell Scam Companies !
It means that any VELA-Investors from now on need to expect
the VELA-Stocks as repeating since weeks insisted, get Blocked
and Stopped at any moments, even before trading-open or during
any trading-session from one second to an other !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete it therefore takes moments.
Everybody knows, Velatel is the ideal shell scam-cheat company !
1. As Result All VELA-Investors before Trading-Opening, should Cancel
any VELA-Stocks Buying-Orders, for not as the last possibly to remain
just with purchased ZERO-Value Stocks, because afterwards according
findings to expect, it will never be traded again !
2. Specially under this kind of situation now for the Best Interests
of VELA-Investors the Stock-Dumping by Best SELL Orders can
only be the Best Advice ! !
When the SEC is blocking VELA, it will not been possible anymore
for quickly applying any Best-Orders Panic-SELLs ! ! !
The SEC will not ask before “May we now stop the trading ?”,
they just stop it when they stop it !
Sorry for this and refer to all iHub Postings in this matter.
Good Luck to Everybody
Americanbulls.com or Etc.
Today as at nearly every trading session.
Americanbulls.com or Others with same
computer analyzing trading systems issued
a confirmed BUY for tomorrow, because
today the closing price as 2.5% higher
than the opening price. OK - Fine !
But the 2.5% higher closing price has been
made 15:58 at Best-Buy of 1000 Shares for
the amount of about $ 20.- so cheap to
cheat the computer analyzing systems as
regularly applied by AUTO, NITE or E*Trade
and that’s how the Investors for the next
trading day get influenced.
The Trick to achieve :
Instead Sell-if = Hold or Wait
Instead Hold or Wait = Buy-if
Instead Buy-if = Buy
If trading is that way and Investors follow,
and fall into such traps then no thank you !
Dear Bobthenover
Before just trying to complain or confusing only,
how about if you really read full SEC publication
at Y. Board of May 14, 2012 related to Shell or
Scam Companies and not of what your twisting.
For sure not You or I will do what the SEC does,
but you will also see what that in the end means.
That much for the Logic you mentioned.
How about using the wordings more wisely instead !
Have a nice evening
Latest Wake-Up Call !
May 14th 2012 Release : SEC Halts Trades in 379 Shell Companies !
It means that any VELA-Investors from now on need to expect
the VELA-Stocks as repeating since weeks insisted, get Blocked
and Stopped at any moments, even before trading-open or during
any trading-session from one second to an other !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete it therefore takes moments.
Everybody knows, Velatel is the ideal shell scam-cheat company !
1. As Result All VELA-Investors before Trading-Opening, should Cancel
any VELA-Stocks Buying-Orders, for not as the last possibly to remain
just with purchased ZERO-Value Stocks, because afterwards according
findings to expect, it will never be traded again !
2. Specially under this kind of situation now for the Best Interests
of VELA-Investors the Stock-Dumping by Best SELL Orders can
only be the Best Advice ! !
When the SEC is blocking VELA, it will not been possible anymore
for quickly applying any Best-Orders Panic-SELLs ! ! !
The SEC will not ask before “May we now stop the trading ?”,
they just stop it when they stop it !
Sorry for this and refer to all iHub Postings in this matter.
Good Luck to Everybody
FACTS ?!
Dear jjj373
Congratulations for today you could produce a FACT
and for tomorrow and even some following days, we
hope that you could preserve to have right, because
it would give to VELA-Investors a little more time for
when at one second to another all will find its end.
If you see Toby-boy you could also confirm to him.
Have a nice evening
ZTE Financing ?
If you like to know about the Realit
of Velatel, then don’t aks them.
If related to ZTE just at Google enter
“ZTE News China” and then by ZTE so
greedy to have a foot in or near Europe
or about Financing Cooperation with
Velatel, as usually there is nothing
to find, based on Velatel’s faked
Press-Releases !
At least they preserve as usual
its fake scam-cheating tradition.
VELA SEC Matter !
Dear MoneyMonkey
If you ask the SEC generally for the list of
the mentioned 379 companies, then you
get the general replay as shown by you.
If you ask the SEC in writing by your
complete ID and Social Security No.
about some specific Stocks you personally
own and by attached PDF-Original Copies prove
that you own them, then you have the chance
to get a specific replay by for example :
Regular Status. ( means OK )
or : Not Regular. ( means something is in question )
or if investigated : Not Regular. Under Investigation.
To have help in case of specific Stocks, I proposed
prior to call-up the SEC Investors Protection for
some guidance and completion at any such matter.
If this procedure is really refused by the SEC, what
I don’t believe, then I would know why they have to
copy the Europeans as also by any SEC-Filing is only
as such accepted, if any related PDF-Original Copies
with all signatures as attached !
It means for any legal cases it could then also all be
applied with even all attached Original-Copies already
existing.
I hope this could help all VELA-Investors.
Sorry but for today I’m running out of time for
others, than just the Scam-Stock VELA-Matter !
Dear MoneyMonkey
Don't be too sure about the phone call
savings, based on personal opinions.
FACTS ?!
Dear jjj373
Please be cautious with declaring something
by impatience as FACT.
It is not just you and me reading this iHub
postings and then what if in the afternoon
or soon after VELA is not traded anymore,
will you then possibly compensate VELA-
Investors just because you gave your own
fact as if just any other company is now
involved in the present 379 SEC companies
investigation, but except the Velatel with the
V at the end of the alphabet where every-
body knows about the extreme scam-cheater
company since 4 years already is then just
as fine out of this ?
To me I don’t care who has right, I just
follow the procedures.
You will also see the final reality coming !
Dear MoneyMonkey
In public I cannot provide more specific
details about the US- Authorities ongoing
procedures anybody also need to respect.
Call the SEC Investors Protection Phone No.
at iHub provided to get to know about the
companies you interested in and if they give
you more details even about VELA still like
to know, then it could not become any
problem for me.
About VELA as from my side I could only
confirm that it is since over a month in
procedure as out of my hands !
Have a nice Day
Urgent Wake-Up Call !
May 14th 2012 Release : SEC Halts Trades in 379 Shell Companies !
It means that any VELA-Investors today will need to expect that
the VELA-Stocks as repeating since weeks insisted informed,
get Blocked and Stopped, possibly today the trade not even
open again or during the trading-session today and do not
forget about tomorrow just in case !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete therefore also takes a moment.
As Result All VELA-Investors before today’s Opening, need immediately
to Cancel any and all VELA-Stocks Buying-Orders, for not as the lasts
possibly to remain with purchased ZERO-Value Stocks, because will
never again be traded anymore !
Maybe today, if unlucky, it will also not been possible anymore for
quickly applying the total Best-Order Panic-SELL’s !
Dear LongTimeObserver
Thank you very much for today very important posting at Y. Board :
“SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push”
Excellent Job of you where most VELA-Investors will have appreciation.
Have a nice Day and Thank You once more !
Urgent Wake-Up Call !
May 14th 2012 Release : SEC Halts Trades in 379 Shell Companies !
It means that any VELA-Investors today will need to expect that
the VELA-Stocks as repeating since weeks insisted informed,
get Blocked and Stopped, possibly today the trade not even
open again or during the trading-session today and do not
forget about tomorrow just in case !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete therefore also takes a moment.
As Result All VELA-Investors before today’s Opening, need immediately
to Cancel any and all VELA-Stocks Buying-Orders, for not as the lasts
possibly to remain with purchased ZERO-Value Stocks, because will
never again be traded anymore !
Maybe today, if unlucky, it will also not been possible anymore for
quickly applying the total Best-Order Panic-SELL’s !
Dear LongTimeObserver
Thank you very much for today very important posting at Y. Board :
“SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push”
Excellent Job of you where most VELA-Investors will have appreciation.
Have a nice Day and Thank You once more !
Urgent Wake-Up Call !
May 14th 2012 Release : SEC Halts Trades in 379 Shell Companies !
It means that any VELA-Investors today will need to expect that
the VELA-Stocks as repeating since weeks insisted informed,
get Blocked and Stopped, possibly today the trade not even
open again or during the trading-session today and do not
forget about tomorrow just in case !
To handle 379 Shell Companies all at the same time is even for
FBI and SEC a huge job to complete therefore also takes a moment.
As Result All VELA-Investors before today’s Opening, need immediately
to Cancel any and all VELA-Stocks Buying-Orders, for not as the lasts
possibly to remain with purchased ZERO-Value Stocks, because will
never again be traded anymore !
Maybe today, if unlucky, it will also not been possible anymore for
quickly applying the total Best-Order Panic-SELL’s !
Dear LongTimeObserver
Thank you very much for today very important posting at Y. Board :
“SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push”
Excellent Job of you where most VELA-Investors will have appreciation.
Have a nice Day and Thank You once more !
Dear jjj373
Not so quick with informing like
VELA is trading today.
Wait better for loungtime or the
afternoon and/or tomorrow for the
VELA-Blocking and Velatel closing !
Have a nice Day in the meantime
Urgent Wake-Up Call !
May 14th 2012 Release : SEC Halts Trades in 379 Shell Companies !
It means that any VELA-Investors today will need to expect that
the VELA-Stocks as repeating since weeks insisted informed,
get Blocked and Stopped, possibly today the trade not even
open again !
As Result All VELA-Investors before today’s Opening, need immediately
to Cancel any and all VELA-Stocks Buying-Orders, for not as the lasts
possibly to remain with purchased ZERO-Value Stocks, because will
never again be traded anymore !
Maybe today, if unlucky, it will also not been possible anymore for
quickly applying the total Best-Order Panic-SELL’s !
Dear LongTimeObserver
Thank you very much for today very important posting at Y. Board :
“SEC Halts Trades in 379 Shell Companies in Fraud-Prevention Push”
Excellent Job of you where most VELA-Investors will have appreciation.
Have a nice Day and Thank You once more !