Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
.0001s Have Been Hit Multiple Times Before
And they will get hit again more than ever. Write your Thank You Cards to Ironridge.
VFIN Is A Known Diluter
Even better deals at .0001.
What "news"? Stock Down
Still 70 million shares at .0003... .001 is a Pipe Dream.
70 Million Shares North at .0003 - only 12 Million at .0002
That's What I Thought - Been 9 Months
Does not look the best.
SEC/Ironridge Mention Was December?
Since we have heard nothing, it seems like wishful thinking at this point. After all, it was most likely Ironridge who dumped last month. Evidently they are not scared.
Nice Chart Penny - Doesn't Look Good
It looks as though most shares yesterday were shorted. This would lead to the thinking that whoever is selling at .0003 is selling all of those shares short, most likely in anticipation of the next Ironridge unload. When the next humungous dump happens, they will cover at .0001. Not a bad return. Am I the only one seeing how this is happening in real time?
I would not be surprised at all if the short is someone affiliated with Ironridge. Unfortunately, there is nothing anyone can do about it. George Alvarez has put on a blindfold and covered his ears. I own shares, but will not be adding more because of this outrageous activity.
Too Much Supply For A Squeeze
Ironridge. Dilution. Ironridge. Dilution.
There is No Panic. VELA Isn't Moving
Dilution, dilution, dilution.
Dilution Is King. Deals/Revenues 2nd Fiddle
Yes MUGA, What Is The News?
Short Feeling The Heat From $4000? Hardly.
Still 85 Million Shares at .0003
5 Million at .0003 is $1500 - Not Big Money
This CMMobile Page Is Not News. It Is A Profile.
There are 95 Million Shares at .0003
It will take more than a few buys worth $300 to make it "fall".
Agreed. All depends on Ironridge.
George Alvarez does not care about that issue. Never has.
GA is an Idiot or Scam Artist - You Are Correct
Your idea makes perfect sense. Unfortunately, George has no business sense. He seems very intelligent in regards to technical and engineering ops, however.
Why do you believe there is less than a million owed to Ironridge? If this is the case, then it makes ZERO sense to put up with this at this stock price. I would make sense to obtain some sort of "better money" loan and take out Ironridge. If the company is executing as they are PR-ing, then there would be real value here if Ironridge was taken out... before it gets worse.
It would seem that dilution could be the last hurdle to company value if the Starhub upgrade goes live soon. One would think George has to have contacts who have a million lying around he could borrow on good terms. It just seems that he is too lazy to care about that end of things. In theory, someone could snatch up 100 million shares at .0003, loan George "Ironridge takeout money", and probably double or triple their investment in days once word got out. Instead, George chooses to allow his company to get devalued while he conducts business elsewhere.
There Is More Dilution Every 1-2 Months.
If it does not stop, it is pointless to speculate on upside targets.
There is nothing to suggest that it will stop anytime soon.
We've Been Getting News. Dilution Needs To End.
Speaking of, can you please offer your take on dilution and VELA stock. We would greatly appreciate it. Thank you in advance.
ilajkp - Please Tell Us Your View of VELA Dilution
I would greatly appreciate your view of this situation that the future of VELA stock depends on.
Thanks in advance.
Bid: 4 million at .0002. Ask: 120 million at .0003
You are misinformed.
Sticking with 6-7 billion. Getting worse.
It appears as though George Alvarez does not care about the toxic money he continues to take from Ironridge, costing the shareholders of the company dearly. I have posted many times about this. If this were to change, this would be a totally different ballgame. Instead, it looks like the supply of shares will soon eclipse the amount on the bid, taking the stock to zero.
And why should George care? He can take money from wherever he wants without really hurting himself. He can just grant himself more shares. People who own the stock can't do that, and they run the risk of getting decimated.
George Alvarez does not care about shareholders and never has. It appears as though he just wants to keep his company on life support with the hopes that someday it works. When that day comes, anyone invested now will most likely not benefit anyway. It appears to be quite a disgusting situation and I would love to hear from anyone with factual evidence try to dispute this viewpoint.
150 million on ask. This is going nowhere.
Nearly a billion traded yesterday.
There have also been quite a few days of multiple hundred million share volume. I believe it is 7 billion at least.
We have been saying that Ironridge is dumping.
Those people have been correct. The cheerleaders have suffered. If dilution ever ends, VelaTel can move forward. Most likely we will see .0001 before .0004. That is, of course, my opinion.
Easy to buy at .0002. Wait. Ironridge Will Dump More
Most likely .0001 as well
Ask him for proof. He can not provide any.
They may get to buy at .0001 soon.
3 billion? I will go with 7 Plus billion.
Where does this show "change of stock owners"?
Please show us the factual evidence, "ilajkp"
ilajkp - this is ripped from Tobin Smith/NBT
His reputation proceeds himself when it comes to VelaTel.
Less Worried About The Qs
People can argue whether or not these latest announcements are "real" or not, but I am now less worried about the late Qs. Clearly the company is moving forward, even without them. I am assuming we will see them in the coming weeks.
John Kirkland's profile on the Ironridge site is gone.
http://www.ironridgeglobal.com/john-c-kirkland/
Also view LinkedIn profiles of the rats... for those who left, it lists Ironridge as a previous employer.
Interesting timing.
That is the $64,000 Question.
I know as much about that as anyone else. John Kirkland & his minions leaving Ironridge on the heels of numerous lawsuits and SEC involvement is quite curious.
Where there's smoke...
They are going somewhere with China Motion.
It is up to VelaTel to grow the business.
My main concern is seeing dilution ending. If that happens, (see the posts below about the USS Ironridge possibly sinking), this can move.
This "research" has been around for years.
It has gone the way of Chinacomm, Golden Bridge, and many other failed VelaTel ventures.
The China Motion one is much different, being that it is a real entity with income. This is why VelaTel has my attention, not some pipe dream.
Fuel Cells? Get Real.
They basically wrote VN Technologies off.
And "may be"?
I "may be" going out to dinner tonight. Could happen, could not.
These are the posts where you sound like a pumper.
Someone here also said ten days until the Q
I think they said they got that information from Tobin Smith as well. How did that work out?
Still no word from VelaTel on the Q, although the thinning of the ask price recently is somewhat interesting.
They Could Do That.
50x. 100x. I actually agree with you that this could see .02-.05, pretty easily in fact.
That, however, is once it starts moving. To move the share price, the company has to do something it has never done in its history - make money.
On top of that, they have to get rid of Ironridge (if they are indeed gone).
If those two things happen, this goes parabolic. As I said, however, history is against it until proven otherwise.