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Good info - thanks.
"something goods comes from the company" At this point in time,
ANYTHING from the company would be good. Silent for a year and a half.
LTO You are correct. TS "will pay nearly $258,000 to settle SEC charges" but that is not from ChinaTel/Velatel. Is there evidence that the SEC is investigating his role in CHTL/VELA or any other
stocks that he and his crew pumped?
If the SEC didn't look at the Tobin Smith & NBT Research BS, why do you think that they would look at a few trades that make no sense to us?
VELA trading has been irregular - at best - for some time already.
Go to http://www.browardclerk.org get a sign on/password and anyone can follow cases and read the filings - free.
There is plenty to read in this particular case.
Cases such as Probate, Divorce and a few others are locked but all else is available as public record.
Or - run the OS up and RS before bringing it back to life? There seems to be interest in keeping this @ .0004 for whatever reason I do not know.
I believe that the SEC will prevail in the court case. In fact I am betting on it but how and when that will positively affect the stock price I do not know either!
sizzleweed I have an idea! From GSA, order a "Watchdog System" for
$16719.00 from Page 1 or, if you don't want to spend that much, a
"Aeon Pro 36 Jumper Cable" from Page 2 for $7.25.
Just kidding! GL
Ft Lauderdale Convention Center. Great looking girls and sleek boards on display. Was an excellent display as I recall.
I have been keeping an eye out for the powered surf board. Curious
as to what it is.
VELA needs to shake the tree and see what falls out imo. Update their website at the least, issue a PR. Best would be to resume SEC Filing but I don't expect that to happen anytime soon.
There are parties that are arguing the constitutionality of the SEC's use of ALJs to hear and decide cases. I suppose that the appeals could continue all the way to the Supreme Court which of course would be the final appeal step. That would be costly and take time.
Don't look at me as I had nothing to do with it. Admin?
However, since it was posted, I would like an explanation of what exactly is a "$6 paint" and what purpose it serves? Must have a purpose or someone wouldn't bother. tia
I do not expect Cyberlux to make a comeback. They missed the boat on LED. Too bad as they could have been a player.
UNCONSTITUTIONAL PROCEEDINGS - relevant to Velatel:
"Txxxxx's case is one of a handful of challenges to the SEC's increased use of administrative courts and ALJ's to resolve suits
brought about by the SEC. The basis for these challenges are arguments by defendant's attorneys - as well as Txxxxx's - that the
SEC's power to bring defendants before an SEC ALJ is an overstep
of the government's constitutional limitations to the point it presents an unfairness to defendants."
Based partly on my personal experience in challenging a government agency - albeit at a county level - I expect the SEC to prevail.
GSMA [GSM Association] represents the interests of mobile operators
worldwide and there is absolutely no reason to question their credibility. CMMobile is an Associate Member, apparently in good standing - they paid their dues - or they would not be listed on the GSMA website. The GSMA Legal Disclaimer clearly states that GSMA is not responsible for what members have on their websites.
That's it. That's as far as it goes.
Velatel executed a Reverse Stock Split [RS] ratio 100:1 July 23 2012. [SEC DEF 14C filing 08-01-2012]
IF the current OS is as high as a few of us think that it is, I believe that IF Velatel comes back to life that they would probably
execute another RS bringing the OS down to a more reasonable and manageable level.
Velatel's standing with the Nevada Secretary of State [SOS] is currently revoked and the cost to reinstate is currently $14K.
http://www.nvsos.gov
dbleagle1 Read the legal disclaimer at the bottom of the link that you posted. [GSMA]
dbleagle1 I award your enthusiasm but this is about the most speculative post that I have seen regarding Velatel with the exception of Tobin Smith's rantings.
Note regarding GSMA Associate Membership that all company descriptions are taken directly from the members website.
The last VELA 10K filed May 14 2014 states 3,073,285,607 common shares outstanding. I tend to agree that it is probably higher at this time but purely speculative as is any opinion as to the current OS.
In other words, the TA is gagged as they do know what it is. It's what they do.
Did you get the current OS from Quicksilver or is VELA gagged?
Since VELA hasn't filed in over two years the only way to get the current OS is from the TA IF they are allowed to give it out.
You posted that you didn't believe what I posted about the March e-mail. In other words, you said that I was a liar. So be it.
Yes - we and everyone else who posts on IH is entitled to an opinion. Two people can read the exact same thing and have different opinions.
You - sir - are calling me a liar. Careful.
Nothing to explain. Read my post 6609. Sent an e-mail to Quicksilver on March 4. Responded Monday March 7 as posted.
Perhaps they were reinstated? I don't know. Need to know the OS, still do.
As for being in business, Velatel has been silent for over two years. Therein lies your problem.
K_Dog Back when I contacted Quicksilver Stock Transfer LLC in Las Vegas and inquired about VELA they responded that they were no longer VELA's agent and that VELA was "out of business". I posted that and you said that I was lying. What's changed?
Personally I don't think that VELA is out of business - not yet anyway. However, I have been unable to ascertain who the transfer agent is in order to try to get a current OS number which I believe is a critical piece of information to know.
The legacy of the now discredited Tobin Smith and his NBT Research
continues to haunt VELA.
What I have said and will repeat is that I consider VELA a buy @
.0001 .0002 and maybe .0003 in the hope that the management will
once again go public with at least basic information. That most certainly includes knowing the current outstanding share count which could be as high as 7 Billion.
Information from a company's website is not necessarily accurate information and should not be used as the sole basis for trading VELA, much less investing in VELA. That information includes the figure of CMMobile having 500,000 subscribers. Even if that figure is actually true there is no way at present to know what revenue - if any - VELA derives from that.
As has been posted here and not just by me, Velatel has a credibility problem based on what happened in the past. They need to overcome that in order to move forward and for the pps to go up.
If Colin Tay can find time to put out Tweets then he can certainly put out a PR in the least. It is left to be seen if that will happen or not.
pennymonster The topic is VELA not me or anyone else posting here.
Just because you don't agree doesn't make your opinion better than anyone else.
Henceforth - I will not personally delete your posts for TOS violations but will refer to ADMIN and let them do it.
I WISH that CYBL was 88 cents! lol
Based on my analysis and OPINION which I am entitled to. JMO means "just my opinion". When and IF VELA puts out a figure with the current OS we will then know if my opinion was right or wrong.
Velatel is currently putting out NO information, hence the STOP.
That has to change for the pps to rise.
I am not surprised. Meantime - the dilution continues. jmo
My wife told me that some sort of powered surf board went by on our canal a few days ago. Said that it looked like what we had seen at one of the boat shows in the past. Old Powerski, XBoard?
Don't know but hope to see it again. Just curious.
Article in Motor Trend stated that Mazda will be making another try at rotary engines soon. Said that modern technology is solving the problems of emissions, fuel and oil consumption. Quote: "You know -
the little stuff".
Cyberlux still has products listed on the GSA Advantage website as high as $18.8K with a 42 day delivery time. So....I guess that they are still in business.
There was a time when Cyberlux could have made it in the LED business but they failed and I don't think that it was entirely their fault. It is what it is. jmo
Keep posts ON TOPIC. Topic is Velatel and not what others post. tia
The RS theory is just that - a theory. Please refer to my post
20451. Just have to wait and see what happens - if anything.
You are assuming that CMMobile is producing revenue with some or all flowing to Velatel. Without SEC Filings or at least financials there is no way to know.
If you have the time, do some research with www.sfc.hk
Hong Kong Securities and Futures Commission.
I think that the volumes and no movement in the stock price means dilution. Don't know what the OS is either.
And - lastly - if you read the last 10K you would know that VELA has failed at every other thing that they have tried.
My money is on the RS - setting up for a "new" JUNP.
I suggest that you read the entire VELA 10K filed 5-14-2014 for period ending 12-31-2013. Easy enough to find, about 80 pages total with information about China Motion beginning about page 8.
casaprop You could have said that long ago and cleared it up.
Stock was at it's high, you were promoting it but at the same time asking Southern to get the 144 taken care of creating the impression that you were looking to sell.
Anyway - all that happened - or didn't happen - rests primarily on Coats who - by all indications - left owing a ton of money and animosity. GLTY
Investing based on Tweets or what is posted on Facebook. That's a solid strategy! LMAO