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USAA has just restricted the stock. To me this is the first sign of something wrong. They usually only restrict a stock for a specific reason, like d-listing, or split coming or reverse split. Is anyone else having a problem?
Maybe... If what your saying is true then we are still 2-3 years out. Takes time to to file suit these days.
Wow only 4.5 M of sixes left... Interesting. Not sure why, but okay
No one knows for sure. Everything is speculated.
Right now? About 10000 shares. When the clock goes off anywhere from 5-7M
I really can't speak to the statement. I do know that even though the funds are abroad they should still be recorded as profits in the US for SEC purposes not tax purposes.
The logical speculation is someone knows something we don't. I talked to the SEC on Friday, they said the last filing for VELA was in May of 2013. Although my initial thought was they could get Dlisted, I found out that the process for doing that with a pink stock is hard and lengthy. At the two year mark without filing financials for a pink stock, the SEC will send a warning letter to VELA. VELA will then get two more warnings in May up until 2018. By that point the SEC will start the d-list and fill to have it removed. This is very similar to XNEZ. What I think is happening that MMs are accumulating just in case there are financials. If you look at CMMobile.HK website they seem to be doing okay. I called the HK number and a lady answered trying to sell me a phone card. They also appear to be hiring. This leads me to believe that at least one of Georges operation have life. The bigger question is will he report this.
I stay off this board from now on. Thanks for you honesty
Actually it is more like 75M. Thanks for your comments though.
Good to know. Honestly though do we really expect this thing to run. George has been MIA.
Ouch. Would you miss the commentary or do you want the shares?
Looks to me like it is time to cash the hell out
Confused by the 10M at the end? Any thoughts?
Starting to lose faith in this one again. It was a nice small run but soon we will be .0001 again.
Anyone have any recommendations of a stock trading service? I have been with USAA for a while but they recently have tanked and I would like to switch.
I think I am starting to agree with you. However I think the MM are gonna let this coast at .0004 for a while.
I get it so now we wait
Yep. It will go back up
Timber
This is about assisted living
Looks like another day of stalemate
I wonder if the stock jumps over that little info. Also if that is a sign that they may pump soon. Call me optimistic.
That is a big positive when was that posted again?
What did it say
Sounds like the majority of us are in agreement that the company still exists
Prior to moving to WA I lived in CA. When people started to post that they thought VELA had tanked I went to the facility to scout it out. When I was there may Of 2015 the occupied the whole bottom floor east wing of the building and they had assigned parking spots. Do I think the company exists? Yes I do? Do I think they are being in money? Yes I do. Do I have clue what George is doing? HELL NO!
This stock is either gonna go through the roof when he reports (if he reports) or it is going to flat line. Personally I don't think he will report unless he has to. People have speculated that he could be buying back stock. I hope he is, but unlikely. My guess is he is trying to get IRONRIDGE off his ass and then tell everyone what is going on. If you are loading up on stock now prepare for another two years before anything happens. By that time the SEC will either force George to talk or d-list them. I called the SEC and they have told me they will start the DList process around the second year of not reporting information. However it could take up to three to four years for the process to be completed. That means George has time before he needs to talk. I also got ahold of quicksilver who is the transfer agent. Well was there transfer agent they let me know that they are no longer the transfer agent. They thought velatel maybe using someone else, they just don't know who since they haven't filled in a while. This company to me a blind bet. You hope your money will go up but prepare for a loss . It all rides on George and what he does.
Why such a big opening gap? Bid is on .0006 and ask is .001...
I guess we won't see .0007 again today.
You have always been a hater. You down played this stock from day one and now it is up again.
Velatel has a venture debt to iron ridge. Your buy price is way low right now that is your problem. For the last two weeks we have been paying .0005 to .0007 for shares. The price has been increasing slowly some believe the MMs are shorting others believe there is a pump coming. If you are a serious buyer and like risk you should have them put in for a bid at .0006 to .0007 right now. The MMs will not let you get a steal at .0004. Some of us have been in communication with George (CEO) who shares the company is still running but he has been radio silent on news for two years now. Many feel he is waiting for a verdict on IRONRIDGES laws suit which has been pending for a while. Once the verdict is released then he will release the data. At that point it will be a sink or swim moment for velatel.
I believe the pump will start between .004 and .008, I am basing my prediction on the MMs involved. I have watched several pumps involving these MMs, they all start in that range, they all creeped up over a month to two months time and they all started sub penny
They are peeping this stock for a run my guess is they will move it up slowly to around .004 and then break for it.
Wow really low trading
I think we should be prepared for a pump short interest dropped 99%
http://www.standardtrib.com/velatel-global-comm-otcmktsvela-short-interest-decreased-by-99-42.html
Ok does this look right to anyone else. For every ask by a MM, there is bid by a MM, why is this? Short or a pump?
Looks like the ask is razor thin at 4.090M
Where did u get this info
A small investor who paid more in fees than for the stock? Sure
MM Will signal to each other using buys and sells. Look at today's traded shares. You will see a bunch of small share trading then boom a big one. Look at the links below then watch the trades during the day you will see it
http://falconstocks.com/information/readingmarketmakers.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=16071021
It looks like the MMs are signaling but I don't know what.