Don't want to be quoted exactly here, Apparently, in Germany, an appeal is
Only granted for a six month period. Also,
The court provides the accused a monetary
Amount they would stand to lose if the accused loses
The appeal.
So as I understand it, Google would know what they are in for $$$wise in advance
If they lost the Dec8 case and elected to appeal.

There is nothing special in the ingredients
Except that that they use a cheap sugar substitute
Commonly found in diet soft drinks.
This would not make a good endurance sport drink,
But if your at the 7/11 you can save yourself
A few calories and avoid a sugar based energy
Product.
If the taste is good, it could be viable. However,
Until they can fund the launch in these grab and go
Convenience stores, buy below .0013.

These guys knew the stock price would sink.
When your expenses exceed your revenues by a factor
Of 4, and you only have a couple of months worth
Of cash in the bank, you're dead.
They can't sell Aveno a fast enough. Sales increase looks
Nice on paper, but it's small potatoes really .
They should be doubling every quarter at this
Early stage.
Another dilutive offering at these stock prices will
Be suicide.
They need a long term financing debt facility.
And why would they add even more expense
Right now with this stupid lense cleaning case??

It was a nice increase in sales,
But with expenses in the 4-5 million range each
Quarter, it dwarfs anything the company is going
To achieve in revenues for the next two years .
At 73 million OS , things could get out of hand
Quickly with equity raises... Especially at such
A low share price right now.
I give the company credit in stating on the CC
That they have other options available,
But I think that was just to appease us.
Stock might get a little bump, but this cash burn
Is going to keep it suppressed until it gets to
At least cash flow positive.
With 500 million in projected revenues,
It will take forever to get to at this rate.
Consider this stock dead money right now.
Sell on any bump we may get tomorrow.

Hey Guys... This is my quarterly
Visit to the sight. For the last 2 yrs.
I have reiterated " .0001 in perpetuity with
Desperation moves to .0002".
Nothing is going to change!

Despite lower costs to produce, it will
Be very unlikely that this company
Gets funding for 5000 bpd plant with oil
Below $50....even $60. Not with a bank involved !
Also very unlikely there will be independent investment for
Lisencing technology until it's clear there is new demand
For oil.
Questioning the recent loan for additional
250 bpd plant. The note is due in Feb 2016.
Need a serious equity raise to pay for that.

Some things to keep in mind-
1. Two equity raises since March
2. Three - Five million in expenses
Each quarter.
3. Last Quarter 500k in revenues
4. Will need more cash in August.
5. Be prepared to incur massive
Dilution. Already at 70 million shares.
6. Don't hold your breath on any
Monetization of assets.
7. Anything less than a double in 2q
Revenues vs. 1q is a failure.
8. They can't sell Avenova fast enough.
9. Many, many years until profitability.

This is why there is a lid on the stock price
.

They got 10 cents max per phone....most likely 5 cents. The Akyumen deal was a different day and age with a very NAIVE company that has no clue how to build a product on a mass scale.

They got 10 cents max per phone....most likely 5 cents. The Akyumen deal was a different day and age with a very NAIVE company that has no clue how to build a product on a mass scale.

Stock cannot hold a bid as evidenced by the last two days. Enormous debt and shares outstanding will keep lid below .04 indefinitely.
The terms of these recent two deals must have really sucked for them not to disclose terms. I'm sure they had to drop their drawers just to get SOMETHING done.

Unless they score a Million dollar PLUS deal with a BRAND name company, nothing changes.

The new HD PAID APP will amount to pocket change only because they have been terrible marketers of this technology, which is where the dollars should have been spent since day 1....with the consumer. assume they convert 10% of the 100,000 current users at $10. That's a 100K....not even enough cash flow for one month.

For about a year now I have re-iterated,
.0001 in perpituity with ocassional desperate
Moves to .0002.
Nothing has changed, nothing will change.
Divorce is painful.
Sign the papers and move on. Plenty of
Fish in the sea with much more to offer
Than Vela.

This company is burning cash at $5 million
A month. They did another offering just this past
March for $4.9.
As I stated earlier today, it is entirely feasible
To expect these raises at a minimum every two
Months until they can monetize an asset....
But that is not going to stop these dilutive offerings
Because these assets won't draw that much money in.
Expect a 1 for 5 reverse split before year
End to get the outstanding shares back in line.

These guys could easily do these dilutive offerings
Once every two months based on their expenses,
They will need to do something on the
Order of a 1 for 5 reverse split before the end of the
Year as the shares outstanding are getting
Ridiculous.

Be advised: on April 9th a successful
Phase 3 was completed by Shire on a
Dry eye/blephoritis drug called Lifitegrast.
It has been given priority review by the FDA
And the decision date is set for Oct.25.for
It's potential approval.
Analysts also estimate half a billion on this drug
Just like NBY predicts... So a new
Competitor is potentially coming.
This drug is in eye drop form. 2x daily.
If it's covered by insurance, that will be a problem
For NBY. Granted, NBY states that the $30-$40
Is equivalent to a co-pay, but I'm not not paying
Any copay for drugs right now because I hit my deductible and my
Drugs are free for the rest of the year.

Also, I had no idea the number of companies trying to solve this dry eye problem. Read this and you will see why NBY is sitting in the cat bird seat. I can't believe the writers apparently know nothing of Avenova.

http://seekingalpha.com/article/3198556-dry-eye-development-reaches-the-eleventh-hour

I just went through the taped webcast from yesterday. Although there was nothing granular on the financial side of the biz. it's clear that Avenova has a very bright future.

I don't think their estimate for Avenova is nearly high enough. They base the $500 mill. potential on a scenario that 24 million of the 30 million dry eye/blephoritis sufferers buying one bottle a year ($20 wholesale).

As a person in sales most of my life, I think getting 24 million people on board is too high of an expectation. Lets shoot for half of that...12 million.

Next,their conservative estimate that each patient is only buying
one bottle per year is also unrealistic in that it would be a failure if only one bottle was purchased by each patient per year.
I think it would be very realistic that the 12 million (who would be the ones that need it the most out of the 30 million) would be easily buying 4 bottles a year (assuming that they stretch the use of each bottle over a 3 month period).

12 million X $80 (4 bottles @ $20 wholesale)= Just shy of $ 1 Billion. Very doable.

If they can bridge their expenses with the aid of monetizing assets, they would be sitting pretty.

The biggest risk is the time it will take to do that. They might give away the store to make a deal just to get any kind of extra revenue.
I think it will take at least 4 years until they can be profitable with Avenova.

The drug is going to do great...financing their way to profitability is the real issue. Further dilution is looming large.

Follow up: I phone app:

Maxd promptly got back to me about my
Problems with app. I have A 4s , must have
5 and up. That's a relief to me as I thought
This app wasn't quite up to snuff:)

The Akyumen deal announced last year is a
Joke. All you need to do is watch a utube video
Of the kid that runs that company and it will
Tell you all you need to know . Utube Akyumen
At SXSW. Also, they have a shitty website.

I' ve always felt from the start that it would be
Difficult for them to monetize this technology.
Now they are finally realizing that they can save
These streaming companies quite a bit of money
By reducing their streaming costs when they implement MAxd
On their network. They can give them
The enhanced sound for free. Who wouldn't
Want to do that ??? Still , it's taking way to long
On the execution side of things.

I'm looking for feedback from anyone who may
Have just downloaded the new I- phone app.
Although the quality of the music is better,
My music fades in and out all the time when MaxD is ON.
Its very annoying. Also the music skips of you
Switch screens within the app. or outside of
It. It's a no go for me.
If anyone has Android, please let me know
If you experience the same thing.
I wrote the CEO about it .

recent quarter for sales looked good. HOWEVER,,,,,the 500k they did in sales won't make up for the 4+ million they had in expenses! This is crazy.
They raised about 4+ million amount in March.....now gone. They will have to further dilute within 60 days to stay a float. While they tell you they want to monetize their assets to generate cash, that can't happen fast enough, nor can they sell Avenova fast enough. I'm waiting for the next equity raise before I put anymore $$
in....but I gotta' tell ya, this dilution is getting painful and you can count on at least one more near term equity raise.

10Q report is very discouraging....I'm selling

German courts don't fool around. A preliminary
Injunction was filed in dec. 2014, against
Certain google products sold in Germany
And U tube that have the VSL code stolen
By Google.
I'm told the court is due to rule on a permanent
Injunction by the end of June. This is the average
Time it takes these courts to rule on patent infringement.
Europe in general as you know, hates Google
So it's a great place for this to happen......
Wasn't by accident. Maxd has a very shrewd
Chairman of the board.
If the permanent injunction is filed you have to
Think that will bolster the U.S. Case even further.
On the minus side, I read somewhere a while
Back that Google got the sticky notes
Thrown out due to "attorney client privileges"
Whatever the hell that means.
So I give it 50/50 odds in the U.S.

nothing these guys do is revenue producing.....
the only thing that saves them is a judgement against Google in
Germany, due before July 1.

Every 3 or 4 months these guys announce a
Successful test somewhere, but then nothing
Ever happens. I don't get it.

If Tobin is no longer advising on Velatel,
That should tell you something.

.0001 in perpituity, with desperation spikes
To .0002

All the good will in terms of what this company
Can do is washed out of the stock price now.
Expect pressure on stock until their first deal
Is struck....which might not be until oil gets to
$60.
Hard to believe they can get actual investments
Right now, despite lower costs to produce oil.
Also, need to get that 250 barrel PD plant going
As to show the margins that can still be made
In this bad market. If they can show on a day
To day basis that oil can be produced at less
Than $30, that should help.

There is no disputing that MCW has something
compelling ... Market conditions for investment
In anything oil related is poisoned right now.
Unfortunately, Cash starved companies like this one, are going to face
The Stiffest of headwinds.
Getting that plant operational is step one.
Plenty of time to "leg in" to this stock.
As far as fracking goes, there are a few companies
That have great technology to increase yields
Without chemicals.

BE ADVISED,THEY HAVENT GOTTEN THERE APPROVAL FOR THE 250 BPD PLANT THAT WAS SUPPOSED TO COMMENCE IN JANUARY.IT'S GOING TO BE A LONG TOUGH SLUG, BUT I THINK THEY CAN GRADUALY BUILD SOMETHING QUITE FORMIDABLE...PROVIDED IT DOESNT GET TOO WHACKY WITH OIL PRICES ....AND THEY CAN ACTUALLY "EXECUTE"

It should be obvious by now... Actually 2-3 years ago
That George has no regard for shareholder
Value or Shareholders. Stocks that hang out
At .0001 will hang out at .0001 In perpetuity.
And the comments on this blog sight will continue
To echo the same frustrations.
George is generating just enough income for
Himself, and it ends right there.

Highly unlikely, they have already done a reverse split.

I Don't understand how me buying shares at .0001
Ends up creating more outstanding shares.vela
Has to issue more shares via capital raise
Or reverse split in order for to be more outstanding
Shares. Buying shares on the open market
Regardless of the price doesn't create more
Outstanding shares.

It's easy to buy this stock at .0001 right now.
Just look at it as an option that never expires
With the downside of the company going
Out of business. When they acquired China mobile
They bought some income, I'd lay odds that
It won't go out of business anytime soon.
Many months ago I called this stock price
".0001 in perpetuity ".
That could very well be the case, but I'm not
Losing my shirt.

Where is this 4g activation???
That's a question George can and should answer.
That was supposed to have been wrapped
Up in May.
Stock stays at .0001 until that happens....
If it ever happens.

It's official ... .0000

I sold this stock about a year ago after their
Nov.2013 conference call. They simply weren't
Expanding fast enough, I heard no catalysts for growth, and to this day they are
Still stuck on 7 facilities. They have used all of their
Last share dilution on improving facilities and
Repairing mistakes.
I do feel they have gotten their act together
Though with this awesome technology.
My only hesitation getting back in right now is
That they will need to do another capital raise
Very soon ... And further dilute at a terrible
Stock price. The last raise was at $1 a share.
Really want to get involved for the long haul,
But each quarter it hits 52 week lows.

THis company is like someone at a party
That boasts about all the A list movie stars
He knows ... Then drives home in a Ford Pinto.

May she rest in peace.
.0001 in perpetuity

If this company does a reverse split at 10,000
adjusting to .10c a share, it would be
At .05c a share in no time at all and probably
.01c in 90 days, another chance for Ironridge
To drive it down. Worst move ever.
The stock is "worthless" as it is.

As for a reverse split, im pretty sure a large one was
Done 2 years ago, which makes this current dilution even more
Ridiculous.
Ironridge may have forced the price of the
Stock to .0001, but the current shares outstanding
Will keep it there.
Max upside would be a short lived move to
.0006-8 then it goes back down... And you better cash
Out if that ever happens again.

I can assure you 3 billion shares outstanding will keep the lid
On .0001 (albeit a couple brief spikes) unless they become
The preferred 4G provider in China.

With the exception of late day props to get stock
To .0002, it's going to remain at .0001
For another 3-4 months. Reading the tea leaves,
That's how long it will take to get 4G going.
It's possible that Vela could actually execute
Sometime next year on that Montenegro?
Asset sale., which could conceivably give
George the "war chest" he says he needs.
Unfotunately, these two events require
"Execution".... So expect .0001 to prevail.