is loving all the pm heads up BEFORE they run- keep em coming!
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speculating agreement with that statement
I agree Bala, Transparent Ted will fill in the blanks that any may have on this one. Shake off the dead wood today and lets move it tomorrow!
CSTI is covering on .0006 and they are getting fed. Hopefully this day will satisfy both sides prior to news tomorrow so we can break on free to the other side.
Ungagged TA makes checking easy :) Thank you!
VPRO merger filing, no PR yet. .02x.023
Wednesday, December 04 2013 10:51 AM, EST VIROPRO INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Enty into a material definitive agreement
Viropro and Therapix (formerly Nasvax), an Israeli company trading on the Tel Aviv Stock Exchange , have signed a non-binding letter of intent to merge or otherwise combine the two companies, which would result in Viropro directly or indirectly owning all of the Therapix assets, rights, and liabilities. Therapix is developing an Anti CD 3 immunotherapy technology, which would complement Viropro's present technologies to focus on the treatment of diabetes." The transaction is subject to several conditions, including completion of due diligence by both companies, execution of necessary documents, approval by the directors and shareholders, and compliance with applicable regulatory agencies governing the respective companies.
VPRO merger filing, no PR yet. .02x.023
Wednesday, December 04 2013 10:51 AM, EST VIROPRO INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Enty into a material definitive agreement
Viropro and Therapix (formerly Nasvax), an Israeli company trading on the Tel Aviv Stock Exchange , have signed a non-binding letter of intent to merge or otherwise combine the two companies, which would result in Viropro directly or indirectly owning all of the Therapix assets, rights, and liabilities. Therapix is developing an Anti CD 3 immunotherapy technology, which would complement Viropro's present technologies to focus on the treatment of diabetes." The transaction is subject to several conditions, including completion of due diligence by both companies, execution of necessary documents, approval by the directors and shareholders, and compliance with applicable regulatory agencies governing the respective companies.
VPRO merger filing, no PR yet. .02x.023
Wednesday, December 04 2013 10:51 AM, EST VIROPRO INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Enty into a material definitive agreement
Viropro and Therapix (formerly Nasvax), an Israeli company trading on the Tel Aviv Stock Exchange , have signed a non-binding letter of intent to merge or otherwise combine the two companies, which would result in Viropro directly or indirectly owning all of the Therapix assets, rights, and liabilities. Therapix is developing an Anti CD 3 immunotherapy technology, which would complement Viropro's present technologies to focus on the treatment of diabetes." The transaction is subject to several conditions, including completion of due diligence by both companies, execution of necessary documents, approval by the directors and shareholders, and compliance with applicable regulatory agencies governing the respective companies.
I think the other thing we need to look at is that every single stock trading on every single market is here for a reason. That they use their trading vehicle as a way to get funded for developing their business plan. There are so many that increase and dump ruthlessly with absolutely no future or plans. This raise came with a $10m acquisition and behind it, a man that has shown he knows how to develop success.
BHP, $70 NYSE multi-billion dollar mining house.... hint hint.
There is the volume and goods to back up this raise IMO.
With 169m avg 15 day volume the new float seems to be pretty much absorbed into the market already giving us that are here right now with the foresight to pick up at these prices nice opportunities.
Nice, no SS change from TA :) Ahead of us as usual! Thank you! - GNCP
duelittle2 Member Level Tuesday, 12/03/13 10:26:29 AM
Re: AlanC post# 17292
Post # of 17589
Called T/A 30 sec ago...O/S Unchanged @ 3,249,132,134
Float ..from CEO..unchanged..~625 Mill
fwiw
All those 7's were AIR SHARES...imo...As Are the 8's that are sitting there Now on the Ask
Ungagged TA, call them to see.
ant2, you want in BAD don't you?
ant2 Wednesday, 11/20/13 03:24:25 PM
Re: dhivai10 post# 13372
Post # of 17583
waiting for it to come down to .0004 then im in hopefully by Friday .its a definite
Jinx, buy you a coke ;)
Wrong. That PR came out in November 2013 and their fiscal year ends September 30, 2014.
MEGA DD post >>>PENNIES COMING >>>>
GNCP just GOT last Friday a Game changer PR opening the path for a monster Price run
here is why >>>>
http://ih.advfn.com/p.php?pid=nmona&article=60031063&symbol=GNCP
1-PR NEXT WEEK >>> from PR "The Company’s Management will be updating its stockholders next week on its current planning for its “White Hills” Gold Exploration Property in Arizona as well as further updates on the additional Exploration Properties in the Company’s Portfolio."
and we know that White Hills is a 10 million $ Acquisition not Pred yet but in filing
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=111978
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=141043044154053066059055066161103075146154067133
GNCC Capital, Inc. (“the Company”) acquired the “White Hills” Gold Exploration Properties in Arizona (“White Hills”) on June 17, 2013 in the total amount of $10,000,000 (Ten million dollars).
2-and the Co has confirmed that there is NO reverse Split
from PR "The Company has been besieged with requests as to whether or not a Reverse Split of the Company’s Common Stock is being contemplated. Company Management hereby undertakes to its stockholders that no Reverse Split of the Common Stock is under consideration nor would such an action be considered to be in the interests of our stockholders. Any rumors to the contrary, are false and misleading. "
3-NO RISK OF DILUTION
from PR "The Company does not require any additional funding in this fiscal year in order to achieve their stated objectives. The Company’s management has secured the requisite funding to meet its stated objectives for this fiscal year."
4-Joint Venture to be announced soon to develop the properties
from the Pr "The Company’s strategy remains that of working to generate revenue streams from the Joint Venture Agreements on its Properties, the proceeds to be deployed in the acceleration of exploration for other potentially viable Gold Properties in its portfolio, thereby leading to further Joint Venture Agreements, and cash flow. The Company will also expend funds on further development on certain of its properties with a view to a sale of advanced stage exploration properties. "
http://www.gncc-capital.com/JVPartners.html
GNCP is already prepared to host a Joint Venture >>
the creation of the subsidiary WHITE HILLS GOLD EXPLORATION, INC.has been done in One purpose Only : Joint Venture
link to the recently created Subsidiary
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=141043044154053066059055066161103075146154067133
5-
GNCP has a first class CEO on board Nicolaas Edward "Ted" Blom
http://www.forbes.com/profile/nicolaas-blom/
Mr. Blom conducted and participated in numerous global proposals, evaluations and exercises, including capital raising material and strategic communications to transform and propel General Mining Ltd into the world's largest listed mining house, BHPBilliton.
BHPBilliton is trading on the NYSE
http://www.bhpbilliton.com/home/Pages/default.aspx
Must read info about the Ceo BIG connections from Sterling >>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94109039
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94115188
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94126769
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94131723
One should ask this Q about GNCP : how big GNCP is going to be with a Ceo on board that has transformed and propel General Mining Ltd into the world's largest listed mining house, BHPBilliton.
BHPBilliton is trading today on the NYSE!!!
http://www.forbes.com/profile/nicolaas-blom/
http://www.bhpbilliton.com/home/Pages/default.aspx
ALL THOSE POINTS make GNCP as a Big candidate to be a HUGE RUNNER
GNCP has traded on heavy unusual buying volume friday and closed at the high of the day over its 50 ma for the first time since a while !!
major move is starting
PENNIES inplay here
See original post here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94156524
membermark http://investorshub.advfn.com/boards/profilea.aspx?user=35140
for the contribution to GNCP please
GNCP CEO Funding for $20 Billion Project…
I can’t say this enough in that the GNCP CEO and his TEAM are here with GNCP for some very huge reasons of growth that I believe is about to be revealed based on the recently released news below:
http://ih.advfn.com/p.php?pid=nmona&article=60031063
The GNCP CEO is currently mandated to execute capital raising, structuring and implementation of projects in Africa exceeding $20 Billion. Mr. Blom has consulted and explored projects and proposals involving most minerals found on the African Continent, including Gold, Nickel, Silver, Platinum, Manganese, Aluminum, Coal, Graphite, Diamonds, Titanium and Chromium.
http://www.gncc-capital.com/Management.html
In recent years, Mr. Blom assessed that Southern Africa would require more than 20 new coal mining projects in order to avoid another energy Blackout in the region. This number has since been confirmed by the regulators, with little progress. Mr. Blom also conducted initial feasibilities on Coal – Bed Methane (CBM) and Underground Coal Gasification (UCG) projects on a large scale to complement the current energy mix in Sothern Africa. This has the potential to generate an additional 20GW of electricity within a 24-30 month horizon, provided legislators approve. As a strategic advisor to Eskom, Mr. Blom identified and highlighted significant opportunities for savings in capital expenditures in the billions of dollars:
http://www.eskom.co.za/Pages/Landing.aspx
http://www.eskom.co.za/OurCompany/CompanyInformation/Pages/Company_Information.aspx
The GNCP CEO has conducted numerous successful global transactions as a strategic advisor to a South African merchant bank, capital raising for a new technology project in the commodities coal sector, and capital raising for mining and energy projects including Black Wattle Colliery, and a major new Platinum & Palladium project in Africa.
v/r
Sterling
See original post here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94115188
membermark http://investorshub.advfn.com/boards/profilea.aspx?user=1551
for the contribution to GNCP please
GNCP Management $1 for Annual Salary…
This is absolutely huge in my opinion and is definitely not the norm within the market, but is a huge show of confidence in knowing what they have and in knowing what they are doing. These “White Hills” Gold Exploration Properties that GNCP has acquired for $10 Million must be really huge. The GNCP CEO is not here for small change; he is here because of something very big. Again, read these posts to understand the credentials of the GNCP CEO to see why I think investors appreciate him being here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94108978
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94115188
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94126876
Now, read this below as these 2 year service agreements with the GNCP Management speaks volumes to include their $1 for Annual Salary which ”subliminally” shows that they truly believe that the value is residing here with GNCP:
http://www.gncc-capital.com/Docs/GNCC-Capital-Additional-Information-Pertaining-To-Our-Directors.pdf
Also, the value in their properties truly does exist from the data that’s publicly available. I believe the creation of their new subsidiary, WHITE HILLS GOLD EXPLORATION, INC. was created for huge reasons. I think it means a lot for GNCP to acquire a property for $10 Million and to specifically create a subsidiary isolating it from anything else they have going on. This is why I believe that GNCP and an already established TEAM have some very serious plans. See the filings below:
Quote:
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=111978
GNCC Capital, Inc. (“the Company”) acquired the “White Hills” Gold Exploration Properties in Arizona (“White Hills”) on June 17, 2013 in the total amount of $10,000,000 (Ten million dollars). ...
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=141043044154053066059055066161103075146154067133
v/r
Sterling
See original post here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94131723
and membermark http://investorshub.advfn.com/boards/profilea.aspx?user=1551
for the contribution to GNCP please
GNCP CEO helped build BHP $70+NYSE stock
Message in reply to:
Another BHP connection-Blom knows exactly what he's doing-
'Senior Manager Finance - Gencor /Billiton
BHP Billiton
Divisional Finance Senior manager responsible for the two largest profits and growth divisions
http://www.linkedin.com/pub/dir/Ted/Blom+MBA
GNCP CEO 'distressed' at sub-penny price:
Email from CEO:
XXX,
My apologizes for not getting back to you sooner.
I truly appreciate your support and that you have me on notice! I will follow through on what is required and as I promised.
I am very sure that I will continue to have upset stockholders for as long as our stock price remains so low and in fact, sub penny, very distressing to us. However on the bright side, at least we are not seeking Capital, like so many other Junior Mining Exploration Companies, in that case, our current stock price would really be a problem.
Best,
Ted Blom
GNCP: No funding needed til at least Sept 30, 2014:
The Company does not require any additional funding in this fiscal year in order to achieve their stated objectives. The Company’s management has secured the requisite funding to meet its stated objectives for this fiscal year.
GNCP: Joint Ventures Forthcoming:
The Company’s strategy remains that of working to generate revenue streams from the Joint Venture Agreements on its Properties, the proceeds to be deployed in the acceleration of exploration for other potentially viable Gold Properties in its portfolio, thereby leading to further Joint Venture Agreements, and cash flow. The Company will also expend funds on further development on certain of its properties with a view to a sale of advanced stage exploration properties.
GNCP - No reverse split:
The Company has been besieged with requests as to whether or not a Reverse Split of the Company’s Common Stock is being contemplated. Company Management hereby undertakes to its stockholders that no Reverse Split of the Common Stock is under consideration nor would such an action be considered to be in the interests of our stockholders. Any rumors to the contrary, are false and misleading.
no doubt.... I'm counting on Ted to take care of business thursday so whatever they do til then I just hope they are getting their positions in order. Till then - whatever.
The best thing we can do is DO NOT HIT THE BID
Because when it was .0003x.0004 and vert was selling some, he jumped on it thinking to short against it and never figured that the ceo would come out with such an update. CSTI started digging their hole then, by reloading and reloading the ask with 5 mil blocks. The problem is, when vert finally dumped at 3, the broker printed it at 2, csti didn't cover.... then that nice PR came out. CSTI is fighting for his life here I do believe.
Lets blast the 8's! Close of 9 HOD made him nervous!
I just hit a bunch of 8's too and they were shorted. As long as no one feeds him on bid, he has no choice but to take a break.
Great to see news came and is coming!
Tuesday, December 03 2013 1:40 PM, EST GNCC Capital, Inc. Update Business Wire "Press Releases - English"
NEW YORK --(BUSINESS WIRE)-- GNCC Capital, Inc. (OTC: GNCP) will be releasing a comprehensive update on various key issues on Thursday December 5, 2013 .
The Company appreciates the enormous feedback from many of its stockholders and will be addressing each of these issues raised, in this update. It is very clear from many of the e mail messages received, that certain issues require the most attention. Those particular issues will be addressed in detail.
The redesigned web site integrated with new Social Media features is being completed and it is expected to be live within the week.
About GNCC Capital, Inc. :
GNCC Capital, Inc. is primarily a Gold Exploration Company , with a secondary focus on Silver Exploration. The initial exploration properties are located in Arizona and consist of White Hills, Esther Basin , Burnt Well, Clara, Kit Carson , Silverfields and Potts Mountain ". The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol GNCP.
Forward-Looking Statements:-
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.
GNCC CAPITAL, INC. N.E. Ted Blom President & CEO 702-942-3347 corporate@gncc-capital.com or Investor Relations: E Mail: ir@gncc-capital.com Web Site: www.gncc-capital.com Twitter: https://twitter.com/GNCCCapital
[We would be very appreciative if all investor questions be directed to this E mail address and not to our telephone voicemail until such time as we have appointed a dedicated Investors Relations Firm whom will deal with all telephonic enquiries]
Source: GNCC Capital, Inc.
I am looking forward to averaging up when it is ready to go :) Several I know are as well.
This isn't my first rodeo my dear. I've been playing OTC bottoms for years and do pretty well for myself. I am collecting shares at .0002 and I feel quite confident I will make money on them.
LVGI chart is getting primed... and no matter who holds a grudge here and feels the need to cry about it a dozen times a day.... that will make no difference.
PS. yes I know the story
PPS. yes I am aware of the share structure
PPPS. yes I know how many of you feel about management
PPPPS. yes I am clear on speculation on both sides of the fence
:) Best of luck to you :)
Collecting some here too?
OTC Pink Current Information
LVGI Security Details
Share Structure
Market Value1 $376,099 a/o Dec 02, 2013
Shares Outstanding 1,253,662,769 a/o Nov 20, 2013
Float 724,683,097 a/o Nov 20, 2013
Authorized Shares 2,500,000,000 a/o Oct 24, 2013
Par Value Not Available
Completely in line as far as I am concerned.
However, we do know what market we play in and so should Ted. He should have someone that will dryly scan through the emails and respond with a canned "thankyou for your inquiry" type of email so he doesn't have to get sidetracked by the emotion. I've loved his responses to date, but if we are getting the kind of grief here I can't imagine what he has to wade through.
Message in reply to:
THINKING OUT LOUD
If you disagree with me then just disregard this post but I truly believe that The last thing investors here need to be doing is e-mailing Ted every time they feel like throwing a tantrum because they didn't get a PR when they wanted or the pps are not what 'we' feel they should be . . . Ted is a professional and we should be likewise. IMHO
Watching the arguing on this board today was like trading with a bunch of 3 yr olds.
Guys, please feel free to correct me if I'm out of place, and im in no way throwing rocks @ anybody but we'll never get new investors here if they see us claiming to be 'long' but arguing like kids . . . J/S
I hold several million shares here & I truly believe the reward is here for the patient !!!
Again I totally apologize if I'm out of line . . . GLTY
The issue is, you have the wrong audience. Start writing to people that can change it, the rest of us are just as frustrated as you are about the system. There is nothing WE can do.
Your time HERE can be used more wisely to present the GNCP story and research so that more of the market see's it and will naturally buy once they realize the potential, thereby increasing positive volume, thus, decreasing short covering potential.
Instead, many are being driven away from the board because the negativity over something we have no authority to change is decreasing the interest in GNCP.
I know I am choosing to not visit or post as much because the overall tone is so 'tickish and whining' people here aren't even talking about the company for the most part.
I see I'm not the only one that is choosing to limit my time here.
Just a thought for you.
Amen Brother! NO RS is key!
Message in reply to:
I'm cool with parking it right here for a while. I know at the very least my money is not going to get washed away on a reverse split...that is the scariest piece of news anyone could get down here in pinkyland.
Exactly, it seems that many people think once they hit the buy button it must go up immediately or it's crap or a POS. (rolling eyes) well then they should do a better job at choosing their entries and at daytrading since they have a 5 minute mentality and quit blaming others for their own stupid decisions. If that is their trading strategy anyway. It's like a business model that can't work in the otc... destined to fail. Nothing like making themselves nuts through impossible expectations!
My trading strategy when I find something I like is to stay with it... get to know it... know how it trades... know the company.... know the potential.... I'll stick with GNCP forever unless GNCP does something really asinine where I can't stick around anymore in good faith. So far they haven't. The due here is good and tick by tick, even day by day... heck even week by week doesn't really matter in the big picture.
Message in reply to:
So do you have direct timelines here?? Seems like you want to get rich quick. Funding is complete, website is being revamped. News will come. Sometimes it does take patience. It's only been a couple weeks since the highs. News will come eventually as CEO has stated.
$GNCP
Best post all day IMO. This board is the most tightly wound talk about tickin' RARELY POSTING DUE DILIGENCE I have ever seen.
The research and reasons to buy this in trips is GOOD... people need to see it. It isn't stickied, it's buried.
As long as the float stays where it is, we are in fine shape.
As far as bidders... why do these guys think this trades so much per day? Because people see the nice bid support... they want to hit ask in case they can't get them on bid. The people bidding here are the longs that want to add to their position and if everyone that is a long blew out their wad on ask, there would be no bid support and mm's could take us down even easier. We will base out where no more retail is willing to sell any lower.
CSTI is shorting. That is the small hits on bid you see to downtick and try to induce selling. There will be a bottom point... and it will not be significantly lower since there is only so many ticks to nothingland. Vert was the seller and he hasn't been in the mix for awhile.
As long as the float stays where it is.... we should continue to be basing out as we have been for a week or so.
People need to quit freaking out and supplement their griping tick talk with some DD so when people look here they see more than complaining or pumping about price. There is plenty of highlights and due diligence that has already been contributed. See the posts from the weekend.... use them. The original authors could care less if you copy/paste their posts.
Message in reply to:
Exactly, people need to learn how to relax and make money. On every play, I plan on being in the red to a certain degree especially while I am accumulating within a specific range just like the one were are in. This has major run written all over it. Anyone who knows what they are doing can see that so there is no reason for those people to lose it over intraday trading. People, Take notes on what happens here so next time, you won't make the same mistakes and freak out when there is the slightest movement downward. Anyone having a different opinion, I believe them to be incorrect. Mark this post....Let it ride....
oh a dream come true a dream come true, oh my goodness what a dream come true
VELA .0013 filing news: Disclosing Entry into a Material Definitive Agreement
Monday, December 02 2013 2:00 PM, EST VELATEL GLOBAL COMMUNICATIONS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Entry into Material Definitive Agreements
Cooperation Agreement between China Motion Telecom and StarHub Mobile
On December 2, 2013 , China Motion Telecom (HK) Limited ("China Motion"), a Hong Kong corporation and a wholly owned subsidiary of VelaTel Global Communications, Inc. , a Nevada corporation and the registrant responsible for the filing of this Form 8-K ("Company") entered into a Cooperation Agreement with StarHub Mobile Pte, Ltd. , a Singapore corporation and a leading mobile network operator in Asian telecommunication markets ("StarHub"). The material terms of the Cooperation Agreement are as follows:
(i) China Motion and StarHub (collectively "Parties" and each a "Party") intend to work together in three areas of cooperation in three phases. During Phase 1, China Motion's customers will be permitted to roam on StarHub's network in Singapore at agreed prices. During Phase 2, following completion of the upgrade of China Motion's telephony core network, each Party will supply the other Party with an agreed allotment of phone numbers and international mobile subscriber identifiers ("IMSIs") for provisioning onto SIM cards which the assigned Party may market or sell to its post-paid subscribers to complete interconnections through its own network operations center or switch, which will provide subscribers access to the home network of the assigning Party and/or other networks to which such Party has been assigned rights by other mobile network operators. During Phase 3, StarHub or its affiliates will have an option to purchase up to a 25% equity stake in China Motion at its then market value ("StarHub Option").
(ii) The StarHub Option is exercisable for three years, based on the proportionate total enterprise value of China Motion as of the date of exercise, payable within 90 days after notice of exercise. For purposes of the StarHub Option, "enterprise value" is defined as the amount of money payable in Hong Kong dollars that a willing and well qualified buyer would pay to acquire 100% of the capital stock of China Motion taking into account the net asset value on its balance sheet, the relative age, quality of and debt service on its capital infrastructure, its employees and distribution base and its contracts with mobile network operators and other partners, its historical and projected revenues and EBITDA, the number and growth rates of its subscribers (by category) and the average revenue per user and churn rates associated with such subscribers, comparable sales of similar companies and the revenue and EBITDA multipliers applicable to such sales and to the telecommunications industry generally, the impact of potential exit into public listing onto the Hong Kong Stock Exchange , and such other factors as may be reasonably considered. If the Parties are unable to agree on the total enterprise value, such value shall be determined by appraisal. Each Party shall designate a valuation expert with expertise in valuing telecommunications companies. The two experts shall first agree together on the appointment of a third expert. Each Party's expert shall then independently prepare a report of the total enterprise value of China Motion. Such valuation shall be without discount for minority interest compared to control premium. If the total enterprise value as determined by each Party's designated expert is within 10% of each other, the Parties shall accept the average of the two. If the enterprise values differ by greater than 10%, the third expert shall review the reports of the two experts and determine which report best reflects the total enterprise value, and that value shall be used for payment of the option exercise price. The StarHub Option is subject to limitations based on the Loan Agreement, Share Charge and Option Deed with Xin Hua (disclosed in the Company's Report on SEC Form 10-Q filed on November19, 2013) during the time any of the loan amount is unpaid.
(iii) The initial term of the Cooperation Agreement is 36 months, with automatic renewal in increments of 12 months unless either Party delivers notice of non-renewal.
(iv) During the initial term and following a six month ramp up, the Cooperation Agreement contains minimum revenue commitments by China Motion of SGD$300,000 during the first year, SGD$600,000 during the second year, and SGD$900,000 during the third year (all amounts are expressed in Singapore dollars).
(v) The Cooperation Agreement describes details for settlement and payment of charges China Motion incurs for roaming services, and includes schedules setting forth initial per minute and per megabyte charges, and a configuration showing how the Parties' respective networks will interface.
2
(vi) The Cooperation Agreement is subject to Singapore law, with resolution of disputes through the courts of Singapore.
(vii) The Cooperation Agreement contains other terms regarding confidentiality, remedies for breach, warranties, force majeure, suspension and termination of service, all pursuant to terms the Company considers standard for transactions of a similar nature
A copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Report, omitting the schedules, which contain information the Parties consider proprietary and the Company considers not material for purposes of its SEC and shareholder reporting requirements. The Company intends to disclose from time to time on its website, www.velatel.com, other information regarding the scope and impact of the Cooperation Agreement on the operations of China Motion.
A complete copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Form 8-K, and is incorporated by this reference.
Item 9.01 Exhibits
10.1 Cooperation Agreement
VELA .0013 filing news: Disclosing Entry into a Material Definitive Agreement
Monday, December 02 2013 2:00 PM, EST VELATEL GLOBAL COMMUNICATIONS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Entry into Material Definitive Agreements
Cooperation Agreement between China Motion Telecom and StarHub Mobile
On December 2, 2013 , China Motion Telecom (HK) Limited ("China Motion"), a Hong Kong corporation and a wholly owned subsidiary of VelaTel Global Communications, Inc. , a Nevada corporation and the registrant responsible for the filing of this Form 8-K ("Company") entered into a Cooperation Agreement with StarHub Mobile Pte, Ltd. , a Singapore corporation and a leading mobile network operator in Asian telecommunication markets ("StarHub"). The material terms of the Cooperation Agreement are as follows:
(i) China Motion and StarHub (collectively "Parties" and each a "Party") intend to work together in three areas of cooperation in three phases. During Phase 1, China Motion's customers will be permitted to roam on StarHub's network in Singapore at agreed prices. During Phase 2, following completion of the upgrade of China Motion's telephony core network, each Party will supply the other Party with an agreed allotment of phone numbers and international mobile subscriber identifiers ("IMSIs") for provisioning onto SIM cards which the assigned Party may market or sell to its post-paid subscribers to complete interconnections through its own network operations center or switch, which will provide subscribers access to the home network of the assigning Party and/or other networks to which such Party has been assigned rights by other mobile network operators. During Phase 3, StarHub or its affiliates will have an option to purchase up to a 25% equity stake in China Motion at its then market value ("StarHub Option").
(ii) The StarHub Option is exercisable for three years, based on the proportionate total enterprise value of China Motion as of the date of exercise, payable within 90 days after notice of exercise. For purposes of the StarHub Option, "enterprise value" is defined as the amount of money payable in Hong Kong dollars that a willing and well qualified buyer would pay to acquire 100% of the capital stock of China Motion taking into account the net asset value on its balance sheet, the relative age, quality of and debt service on its capital infrastructure, its employees and distribution base and its contracts with mobile network operators and other partners, its historical and projected revenues and EBITDA, the number and growth rates of its subscribers (by category) and the average revenue per user and churn rates associated with such subscribers, comparable sales of similar companies and the revenue and EBITDA multipliers applicable to such sales and to the telecommunications industry generally, the impact of potential exit into public listing onto the Hong Kong Stock Exchange , and such other factors as may be reasonably considered. If the Parties are unable to agree on the total enterprise value, such value shall be determined by appraisal. Each Party shall designate a valuation expert with expertise in valuing telecommunications companies. The two experts shall first agree together on the appointment of a third expert. Each Party's expert shall then independently prepare a report of the total enterprise value of China Motion. Such valuation shall be without discount for minority interest compared to control premium. If the total enterprise value as determined by each Party's designated expert is within 10% of each other, the Parties shall accept the average of the two. If the enterprise values differ by greater than 10%, the third expert shall review the reports of the two experts and determine which report best reflects the total enterprise value, and that value shall be used for payment of the option exercise price. The StarHub Option is subject to limitations based on the Loan Agreement, Share Charge and Option Deed with Xin Hua (disclosed in the Company's Report on SEC Form 10-Q filed on November19, 2013) during the time any of the loan amount is unpaid.
(iii) The initial term of the Cooperation Agreement is 36 months, with automatic renewal in increments of 12 months unless either Party delivers notice of non-renewal.
(iv) During the initial term and following a six month ramp up, the Cooperation Agreement contains minimum revenue commitments by China Motion of SGD$300,000 during the first year, SGD$600,000 during the second year, and SGD$900,000 during the third year (all amounts are expressed in Singapore dollars).
(v) The Cooperation Agreement describes details for settlement and payment of charges China Motion incurs for roaming services, and includes schedules setting forth initial per minute and per megabyte charges, and a configuration showing how the Parties' respective networks will interface.
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(vi) The Cooperation Agreement is subject to Singapore law, with resolution of disputes through the courts of Singapore.
(vii) The Cooperation Agreement contains other terms regarding confidentiality, remedies for breach, warranties, force majeure, suspension and termination of service, all pursuant to terms the Company considers standard for transactions of a similar nature
A copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Report, omitting the schedules, which contain information the Parties consider proprietary and the Company considers not material for purposes of its SEC and shareholder reporting requirements. The Company intends to disclose from time to time on its website, www.velatel.com, other information regarding the scope and impact of the Cooperation Agreement on the operations of China Motion.
A complete copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Form 8-K, and is incorporated by this reference.
Item 9.01 Exhibits
10.1 Cooperation Agreement
VELA filing news: Disclosing Entry into a Material Definitive Agreement
Monday, December 02 2013 2:00 PM, EST VELATEL GLOBAL COMMUNICATIONS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement Edgar Online "Glimpses"
Item 1.01 Entry into Material Definitive Agreements
Cooperation Agreement between China Motion Telecom and StarHub Mobile
On December 2, 2013 , China Motion Telecom (HK) Limited ("China Motion"), a Hong Kong corporation and a wholly owned subsidiary of VelaTel Global Communications, Inc. , a Nevada corporation and the registrant responsible for the filing of this Form 8-K ("Company") entered into a Cooperation Agreement with StarHub Mobile Pte, Ltd. , a Singapore corporation and a leading mobile network operator in Asian telecommunication markets ("StarHub"). The material terms of the Cooperation Agreement are as follows:
(i) China Motion and StarHub (collectively "Parties" and each a "Party") intend to work together in three areas of cooperation in three phases. During Phase 1, China Motion's customers will be permitted to roam on StarHub's network in Singapore at agreed prices. During Phase 2, following completion of the upgrade of China Motion's telephony core network, each Party will supply the other Party with an agreed allotment of phone numbers and international mobile subscriber identifiers ("IMSIs") for provisioning onto SIM cards which the assigned Party may market or sell to its post-paid subscribers to complete interconnections through its own network operations center or switch, which will provide subscribers access to the home network of the assigning Party and/or other networks to which such Party has been assigned rights by other mobile network operators. During Phase 3, StarHub or its affiliates will have an option to purchase up to a 25% equity stake in China Motion at its then market value ("StarHub Option").
(ii) The StarHub Option is exercisable for three years, based on the proportionate total enterprise value of China Motion as of the date of exercise, payable within 90 days after notice of exercise. For purposes of the StarHub Option, "enterprise value" is defined as the amount of money payable in Hong Kong dollars that a willing and well qualified buyer would pay to acquire 100% of the capital stock of China Motion taking into account the net asset value on its balance sheet, the relative age, quality of and debt service on its capital infrastructure, its employees and distribution base and its contracts with mobile network operators and other partners, its historical and projected revenues and EBITDA, the number and growth rates of its subscribers (by category) and the average revenue per user and churn rates associated with such subscribers, comparable sales of similar companies and the revenue and EBITDA multipliers applicable to such sales and to the telecommunications industry generally, the impact of potential exit into public listing onto the Hong Kong Stock Exchange , and such other factors as may be reasonably considered. If the Parties are unable to agree on the total enterprise value, such value shall be determined by appraisal. Each Party shall designate a valuation expert with expertise in valuing telecommunications companies. The two experts shall first agree together on the appointment of a third expert. Each Party's expert shall then independently prepare a report of the total enterprise value of China Motion. Such valuation shall be without discount for minority interest compared to control premium. If the total enterprise value as determined by each Party's designated expert is within 10% of each other, the Parties shall accept the average of the two. If the enterprise values differ by greater than 10%, the third expert shall review the reports of the two experts and determine which report best reflects the total enterprise value, and that value shall be used for payment of the option exercise price. The StarHub Option is subject to limitations based on the Loan Agreement, Share Charge and Option Deed with Xin Hua (disclosed in the Company's Report on SEC Form 10-Q filed on November19, 2013) during the time any of the loan amount is unpaid.
(iii) The initial term of the Cooperation Agreement is 36 months, with automatic renewal in increments of 12 months unless either Party delivers notice of non-renewal.
(iv) During the initial term and following a six month ramp up, the Cooperation Agreement contains minimum revenue commitments by China Motion of SGD$300,000 during the first year, SGD$600,000 during the second year, and SGD$900,000 during the third year (all amounts are expressed in Singapore dollars).
(v) The Cooperation Agreement describes details for settlement and payment of charges China Motion incurs for roaming services, and includes schedules setting forth initial per minute and per megabyte charges, and a configuration showing how the Parties' respective networks will interface.
2
(vi) The Cooperation Agreement is subject to Singapore law, with resolution of disputes through the courts of Singapore.
(vii) The Cooperation Agreement contains other terms regarding confidentiality, remedies for breach, warranties, force majeure, suspension and termination of service, all pursuant to terms the Company considers standard for transactions of a similar nature
A copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Report, omitting the schedules, which contain information the Parties consider proprietary and the Company considers not material for purposes of its SEC and shareholder reporting requirements. The Company intends to disclose from time to time on its website, www.velatel.com, other information regarding the scope and impact of the Cooperation Agreement on the operations of China Motion.
A complete copy of the Cooperation Agreement is attached as Exhibit 10.1 to this Form 8-K, and is incorporated by this reference.
Item 9.01 Exhibits
10.1 Cooperation Agreement