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The Randomness Of Stock Message Boards
Who are you? How did you come across George? How do you know the company is in business?
I am not doubting that it is, but posting such a random message without context seems comical.
This Is The Problem With VelaTel
George Alvarez has gone dark. Even with the great court ruling, the stock will not move until there is proof that the company is still actively doing business. Litigation and revenue are the keys to unlocking the stock's potential, if you will. Positive news has started to flow from the courts and it seems like that will continue, given history. Unfortunately, history also says that George Alvarez has failed at delivering in the past.
If there is proof that there is revenue from 500k+ subscribers, coupled with good news from the courts, this stock will explode. Also, unfortunately, it is hard to believe in positive revenue when it seems like the company is not attending what should be a standard industry event. The immediate optics of this are not favorable.
This Would Make Tremendous Sense
Which is precisely why I can not believe that this will happen.
Could Be 25-50x With Actual News
If courts are resolved and revenue is generated from 500k real monthly subscribers, this could go to pennies.
Then again, this would also go against everything in the painful history of VelaTel & George Alvarez.
Thank you.
How Is "6 Cents of Paint" A Relevant Post?
And other posts here have been deemed irrelevant? I deleted it from the board however someone restored it. Please inform me why. Perhaps I am missing something. Thank you.
I Would Guess 5-7 Billion Shares
Without any factual basis, suggesting that VelaTel management has bought back billions of shares is preposterous.
Also, suggesting that outstanding shares are as low as one billion is reckless and irresponsible.
I Also Look Forward To This Explanation.
I Believe...
...if you explain without naming anyone else, the message will remain posted.
Please Explain
What does this mean?
Classic. 400 Share Buy 25 Minutes Before Close.
Also a 1000 share buy 16 seconds before the close...all at the highs of the day.
Reasonable question, not being mean: why would someone want to manipulate the closing price?
This happens with this stock just about every trading day, so it is definitely a pattern. Thus why I brought it up as something to look for.
Waiting For The Token Buy Before The Close
Surely whoever has been manipulating the closing price will not want ALLM to be down 6% for the day.
Looks Like NITE Is Back To Dumping/Shorting
But for who?
Without news, VELA continues to fade.
500 Million Shares?! Wow. Scam Confirmed.
The Wall Street Top Gun will not be able to explain this one away.
Nothing To Understand
Tied up in courts, no filings and George Alvarez is in a bunker. This will fade until those things change.
VELA Management Isn't Smart Enough To Do That
Even if those subscriber numbers are actually true.
Know their previous history.
Also know that George Alvarez does not care about shareholders.
Look Up Ironridge
VelaTel signed a toxic financing agreement with them, diluting the company by billions of shares.
Of course, you should probably already know this if you are investing in VELA.
Have You Not Watched How This Trades?
.42 is heavy resistance. It broke that for a brief period before BKRT came back and halted the move. Just like last time. And the time before that.
There will be a shift in truth once 1) this closes over a strong resistance area such as .55 and 2) more importantly, notable market maker manipulators like BKRT stop dumping their inventory.
I have posted about this many times and it remains accurate. These are the keys to look for if ALLM is to successfully break out and begin a strong move back towards last year's highs.
BKRT Returns On Schedule (At Resistance)
Will this kill it for the day is the question...
.42 Breached On HEAVY Volume
If this holds, next bigger resistance area is .55
Technically Speaking, .40-.42 Is Key
If shares can get past .42, we could very well see a nice breakout with .50 being the next resistance area.
Given the multiple failures around the .40 area, that is a big "if".
Correct. ALLM Still Near All-Time Lows.
Note The Wording
http://www.nasdaq.com/press-release/alliance-bioenergy-concludes-testing-and-moves-to-commercialization-of-its-patented-cts-cellulose-20160503-00936
"The Company would also like to announce that over the past several months it has been in negotiations with several major industry producers-and-distributors of Ethanol and Cellulosic Sugar, and that at this time, the Company believes it is nearing the culmination of entering into a Joint Venture (JV) Relationship, a Marketing-and-Sales Agreement (MSA), and/or both."
So they have been in "negotiations". But will anything real (revenue) ever come of them?
The company also "believes" they may enter into an agreement. Believing is one thing. Doing it is another.
This is typical PR language from a small can-kicking company. Could it be different this time? Anything is possible, I suppose.
Let's see if they deliver.
Given their history of promising things and then sweeping them under the rug in filings, I am not holding my breath.
Trying To Understand.
Why would not the short just cover and take the profit? Surely that amount would be greater than what the taxes on it are.
If That Happens, This Goes To The Moon.
Perhaps past it if there is a large naked short position as you suggest.
However, given the history of VelaTel and one George Alvarez, proving they are making significant revenue is something that has never happened.
I am curious about your tax comment, however. If these mystery shorts are up on their position, why would they not take the profit and be done with this sub-penny stock? Perhaps I am not fully understanding your logic.
This Suggests The Shorts Have $2 At Play
Perhaps they are hanging around to double their money in hopes of covering part of the commission cost.
I am joking about all of this, of course.
Everyone Here Knows.
If you own shares, you should certainly know the history of George Alvarez and this company.
Facts Are Sometimes Needed To Counter Unfounded Hope
The price is the truth. What the company touts has been anything but. This is fact.
Incorrect. It Is Potentially Good News.
Price Is Truth. Stock Being Dumped Hard Again.
I am not being mean or bitter. This is just an observation of today's trading.
Seems Like Your Expectations Are Drastically Lower
You once had a $5.00 target on this stock and sung praises of the company, and now you are equating it to just gambling.
This change in attitude seems like you have come to the realization that this company is like most others that trade on the OTCBB.
They made phony deals that they swept under the rug.
They continue to issue can-kicking PRs full of promises of revenue someday, but it never happens.
And worst of all, they continue to severely dilute the shareholders they claim they value.
Yet Another Deflection.
Again, saying it's "complaining" when facts are pointed out.
Do You Own Shares Of VELA?
If so, I do not understand how you could be asking this question.
Because "Others" Have Been Right. You've Been Wrong.
Way wrong, actually. You thought the South African deal was real. You had a $5.00 price target for last November. You then moved that $5.00 target back to March (last month). Neither happened. What is your next price target? Do you see this ever getting back to over a dollar? If so, when? And more importantly, why?
It is amusing to see that "others" here are portrayed as being the bad guys when they have been raising nothing but valid concerns all along.
It is also silly for ALLM's management to try to talk down those who raise these concerns. If they ever announce actual revenue from one of these trials/deals/agreements, the doubters will be silenced, I am sure.
Will it ever happen, though?
You ask "Why do you find yourself still here with others pounding the table around the captain obvious stuff?"
Answer: because this stock is performing like a textbook penny stock operation and is following the playbook of shareholder dilution while "buying time" for what seems to be pie-in-the-sky revenue forecasts. The deals/promises to date have certainly proved to be fairytales.
I ask you: why do you find yourself here defending this operation when you have been wrong for so long? Why do you think that anything will change with these guys when they continue to do nothing but dilute your investment?
The Latest Can-Kick PR
http://www.nasdaq.com/press-release/alliance-bioenergy-released-results-from-its-steady-state-testing-of-corn-ethanol-distillers-grain-20160419-00596
Marketing for this one will not begin until Q4, at minimum.
Does anyone think there will be any revenue before then, as promised?
Also, how many more shares do you think ALLM will give away to "buy time" before the end of the year?
Did Ironridge Prevail In Court Or Something?
I have not yet seen anything reported as such.
First Things, Indeed.
As stated by Daniel de Liege, the company should be in the black by now, yet the only thing they seem to accomplish is giving away stock and severely diluting shareholders. With that being said, we are a little late in the game for "starter questions", are we not?
You ask questions about the technology and it being marketable. What we do know is that there have been two phony "deals" to date. So, since we are asking questions, I will ask you - what happened to the South African agreement? What happened with RRDA? The company is trying to sweep both of these under the rug without anyone noticing. Do either of these raise a red flag for you? You ask if the company is in talks. To that I ask - if "talks" have produced what seem to be two phony agreements to date, who cares what "talks" are taking place if they will lead to more agreements that never amount to meaningful revenue?
So many times I have seen companies like this "buy time" by issuing stock, fooling investors that revenue is right around the corner. When an "agreement" fails, they just issue more stock and move on to the next. Eventually, these companies wind up with so many outstanding shares that the stock price is suffocated to pennies or less. Unfortunately, ALLM is following this playbook so far.
You first called for a 5 dollar target last November and then you pushed it back to March (last month).
I am most curious as to where you stand now?
You Can Not Be Serious.
If you are, you should probably not own shares in this company.
The Other Joke Is...
...that management has the nerve to try to discredit those who question them via a press release. All the while, the phony South African deal was swept under the rug (I also called that out shortly after it was announced), and we are now made aware of what looks to be the RRDA scam.
This is typical of a pump and dump operation and thus why I have been raising questions for almost a year now, as it is wise to ask questions about investments - not just hope they work and cheerlead along the way like so many here do. I have pointed out both positive and negative points here, but there have been some major red flags. This RRDA scam is the most recent.
Basically this company has announced two phony agreements, swept them under the rug, and has severely diluted its existing shareholders (which they claim they value).