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This doesn't look good for CMM or Velatel
I am here. Owner. Holder of shares. Have not bought more and won't until we see some positive news. Still thinking IronRidge is now gone and there is an asset of value. How much does Vela own? What is that value? OS? Just don't know any details. Seeing that the SEC was investigating IR, it would not surprise me for Vela to become silent and not share any information privately. Either they file publically or announce Bankruptcy. I bought all my shares after it looked like IR was gone and my group has zero ties to StockGirl or TS. I have a friend that manages money and told me about this stock last year, but he hasn't heard anything either.
What merger?
Penny, Here is a story on Cameron Elliot, the judge overseeing the Ironridge case. He has NEVER RULED AGAINST THE AGENCY
http://blogs.wsj.com/moneybeat/2015/06/11/sec-judge-declines-to-submit-affidavit-of-no-bias/
A Securities and Exchange Commission judge who has never ruled against the agency declined a request from the SEC to make a formal statement on whether he has ever felt under any pressure to favor the SEC in his rulings.
Basilica... Here is some info from a previous post.
A few facts to stop all the clutter
1. There are about 4 Billion shares outstanding. Multiply 4B X price of .0008 and the value of the company is only 4Million- a 25X from here is certainly possible.
2. Yes the company issued shares to pay off liabilities/debt in the past. This ended around 18 months ago. IR has not been issued more shares since the SEC has investigated them.
3. The liabilities of 50Mil or so, was based off deals in Montenegro and Peru (and others), but majority was Peru. When the assets in Peru and M were sold, the liabilities went with those assets. Current liabilities are under 10 Million, maybe 5M.
4. IR vs SEC, the SEC will win this because they win these ALJ cases 95% of the time. Will IR owe Vela? Will they owe shares? Will they simply terminate the deal? Whatever the outcome, it will be in Vela's favor and could be substantial. Regardless, no more shares of dilution are coming.
5. My friend who runs a hedgefund told me the China motion mobile CMM company that was bought 3 years ago had over 100K users and made 1-2 Mil profit per year on over 10Mil revenue. Vela owns about 50% of that CMM.
6. Upgrading...Vela and investor AQT put in $5 Million into CMM to upgrade from 2G to 4G. They also improved capacity from 100K users to 5 MILLION users. Why would they pay to upgrade to 50X in size?? Whatever their business was in China 2 years ago, it must be MUCH larger now.
7. Guessing value of CMM... We have seen it reported that CMM had 500K subs last year. So it grew from 100K to 500k or 500% in the first 8 months after their upgrade. It could be at 2-5 million users by now. I could be at 1million, but the Vela guys do deals and it is possible they have 5 million users roaming their system now. These are not organic users, but handed off from NTT Dokimo etc.
8. Current valuation of CMM is $100- 500 per user. The cureent valuation could be as low as 100Million to over 1BILLION. VELA owns half of that. At a minimum, if subs stopped cold at 500K (which no possibility) it is still worth 50 Million.
9. VALUATION...Remember, even with the rally to 0.0008, it is just a 4 Mil valuation for Vela. No reason this shouldn't have a current 100Mil or 200 Mil valuation and possibly higher in a year or two. Is it possible Vela owners want to play dead while SEC investigates IR? Is it possible they don't want SH to execute their option? Can't this easily command a 50-100 Mil valuation?
10. Projection... SEC and IR come to agreement. ZERO dilution to Vela from here out. Current contract nullified. Vela gets nothing more, but that doesn't matter. Option for SH expires. Vela reports 1Q of 2017. Stock goes up 25X to 50X from here if those three things happen. Maybe 100X over next 2 years.
GLTA. Our investor group is holding and will buy more on any positive announcement
I say we all report Top Girl to the SEC. Y'all on board? Maybe she is related to the Ironridge scum or VFIM scum? Think it is best if we all report her/him to the SEC and let them look into it. If the SEC gets a few complaints, surely they will search that computer ID and get to the bottom of this manipulation especially with an ongoing suit against a certain group that has manipulated the price. Anyone here care to share an SEC report link?
Our group did buy at 2 3 and 7. Still think it is a crapshoot, but could be a 20X.
Seems CMM is hiring three positions...
https://www.recruit.com.hk/jobseeker/JobDetail.aspx?jobOrder=L0374053
Account Manager/ Account Executive (Corporate Sales)
Assistant Manager – Management Information System
Analyst Programmer
Seems like progress
New job opening. CMM is growing
CMMobile Global Communications Limited ????(??)???? (“CMMobile”) is a wholly owned subsidiary of VelaTel Global Communications, Inc.. In 2001, CMMobile was granted a license as a “Mobile Virtual Operator” (“MVNO”). CMMobile offers a wide variety of mobile value-added telecommunications services, such as “1-Card-2-Number” service which is the most well-known product for the frequent travelers between China and Hong Kong, Prepaid SIM Card and Pocket WiFi Rental. To cope with our continuous growth, we are seeking high caliber professionals to join us.
For more information, you are welcome to visit our website http://www.cmmobile.com/
http://hk.jobsdb.com/hk/en/job/assistant-manager-management-information-system-100003004834647
Looking at who these VFIN guys are?
Seems they have number of SEC violations and standard short selling firm out of Texas? Seems like a bunch of pond scum? My brokers are GS and MS. Guys at MS said avoid at all costs.
Y'all better be careful trading with them.
Valuation target.
Our analyst sees this potentially .01 or 10X pretty quickly. Most subs in U.S. are valued around $2500 each. In China/HK we guess 1/10th or $250ea (public estimates are $500-700). Multiplied by 1 Mil users we see CMM value of $250Mil possibly 1 Bil if they load their 5 Million users- they increased capacity to 5 Mil for a reason, no?
Vela owns 75% of CMM, we conservatively predict 50% ownership. We have no real comfort on shares. 3Bil was latest filing, but could be 4 or 5 Bil.
our conservative numbers assume value of $50-100 per user. 500K-1Mil users. Assuming the SEC closes the door on Ironridge global, then we see 5-10X from here, possibly higher over the next 1-2 years.
Website updated 2016.
https://www.cmmobiletravelsim.com/
Just listing a fact, notice copyright 2016 at bottom of page. The FACT that roughly 100 COUNTRIES are listed, is evidence that CMM/Vela has made recent deals with large INTERNATIONAL carriers. At least they have the funds and business ability to make these deals. Why would an ATT or NTT or whomever make a deal with a company if they didn't feel that company could execute??? Something real is happening here.
I agree that it would be nice to see GA file, however, the ALJ case is going to have a call in less than a week. Those cases are 90-95 % ALWAYS in favor of SEC, meaning IR is toast. Vela dilution is done.
Buying here regardless of what anyone says. Actually we prefer the negative comments here, keeps the price low to help accumulate at better prices.
GLTA
CCMobile hiring programmer. New job offer posted a day ago.
http://hk.jobsdb.com/HK/en/Search/FindJobs?JSRV=1&Key=%22CMMobile+Global+Communications+Limited%22&KeyOpt=COMPLEX&SearchFields=Companies&JSSRC=JDFT
I noticed many investors wondering why this is moving. Everyone needs to remember the Ironridge guys are crooks, and they were the primary cause for dilution. All principals of their group have fled the country. The SEC will have their say in a week and if it gets ruled where VELA gets shares returned, Ironridge will need to buy them back in the open market. This stock will go up 10X immediately. If the ruling is to cancel their agreement, the stock should go up 5X. The call with IR takes place in a week! This is just the beginning of a massive move up (12X-25X) to a normal valuation of 50-100MM.
REED THE FACTS AGAIN...
A few facts to stop all the clutter
1. There are about 4 Billion shares outstanding. Multiply 4B X price of .0008 and the value of the company is only 4Million- a 25X from here is certainly possible.
2. Yes the company issued shares to pay off liabilities/debt in the past. This ended around 18 months ago. IR has not been issued more shares since the SEC has investigated them.
3. The liabilities of 50Mil or so, was based off deals in Montenegro and Peru (and others), but majority was Peru. When the assets in Peru and M were sold, the liabilities went with those assets. Current liabilities are under 10 Million, maybe 5M.
4. IR vs SEC, the SEC will win this because they win these ALJ cases 95% of the time. Will IR owe Vela? Will they owe shares? Will they simply terminate the deal? Whatever the outcome, it will be in Vela's favor and could be substantial. Regardless, no more shares of dilution are coming.
5. My friend who runs a hedgefund told me the China motion mobile CMM company that was bought 3 years ago had over 100K users and made 1-2 Mil profit per year on over 10Mil revenue. Vela owns about 50% of that CMM.
6. Upgrading...Vela and investor AQT put in $5 Million into CMM to upgrade from 2G to 4G. They also improved capacity from 100K users to 5 MILLION users. Why would they pay to upgrade to 50X in size?? Whatever their business was in China 2 years ago, it must be MUCH larger now.
7. Guessing value of CMM... We have seen it reported that CMM had 500K subs last year. So it grew from 100K to 500k or 500% in the first 8 months after their upgrade. It could be at 2-5 million users by now. I could be at 1million, but the Vela guys do deals and it is possible they have 5 million users roaming their system now. These are not organic users, but handed off from NTT Dokimo etc.
8. Current valuation of CMM is $100- 500 per user. The cureent valuation could be as low as 100Million to over 1BILLION. VELA owns half of that. At a minimum, if subs stopped cold at 500K (which no possibility) it is still worth 50 Million.
9. VALUATION...Remember, even with the rally to 0.0008, it is just a 4 Mil valuation for Vela. No reason this shouldn't have a current 100Mil or 200 Mil valuation and possibly higher in a year or two. Is it possible Vela owners want to play dead while SEC investigates IR? Is it possible they don't want SH to execute their option? Can't this easily command a 50-100 Mil valuation?
10. Projection... SEC and IR come to agreement. ZERO dilution to Vela from here out. Current contract nullified. Vela gets nothing more, but that doesn't matter. Option for SH expires. Vela reports 1Q of 2017. Stock goes up 25X to 50X from here if those three things happen. Maybe 100X over next 2 years.
GLTA. Our investor group is holding and will buy more on any positive announcement
A few facts to stop all the clutter
1. There are about 4 Billion shares outstanding. Multiply 4B X price of .0008 and the value of the company is only 4Million- a 25X from here is certainly possible.
2. Yes the company issued shares to pay off liabilities/debt in the past. This ended around 18 months ago. IR has not been issued more shares since the SEC has investigated them.
3. The liabilities of 50Mil or so, was based off deals in Montenegro and Peru (and others), but majority was Peru. When the assets in Peru and M were sold, the liabilities went with those assets. Current liabilities are under 10 Million, maybe 5M.
4. IR vs SEC, the SEC will win this because they win these ALJ cases 95% of the time. Will IR owe Vela? Will they owe shares? Will they simply terminate the deal? Whatever the outcome, it will be in Vela's favor and could be substantial. Regardless, no more shares of dilution are coming.
5. My friend who runs a hedgefund told me the China motion mobile CMM company that was bought 3 years ago had over 100K users and made 1-2 Mil profit per year on over 10Mil revenue. Vela owns about 50% of that CMM.
6. Upgrading...Vela and investor AQT put in $5 Million into CMM to upgrade from 2G to 4G. They also improved capacity from 100K users to 5 MILLION users. Why would they pay to upgrade to 50X in size?? Whatever their business was in China 2 years ago, it must be MUCH larger now.
7. Guessing value of CMM... We have seen it reported that CMM had 500K subs last year. So it grew from 100K to 500k or 500% in the first 8 months after their upgrade. It could be at 2-5 million users by now. I could be at 1million, but the Vela guys do deals and it is possible they have 5 million users roaming their system now. These are not organic users, but handed off from NTT Dokimo etc.
8. Current valuation of CMM is $100- 500 per user. The cureent valuation could be as low as 100Million to over 1BILLION. VELA owns half of that. At a minimum, if subs stopped cold at 500K (which no possibility) it is still worth 50 Million.
9. VALUATION...Remember, even with the rally to 0.0008, it is just a 4 Mil valuation for Vela. No reason this shouldn't have a current 100Mil or 200 Mil valuation and possibly higher in a year or two. Is it possible Vela owners want to play dead while SEC investigates IR? Is it possible they don't want SH to execute their option? Can't this easily command a 50-100 Mil valuation?
10. Projection... SEC and IR come to agreement. ZERO dilution to Vela from here out. Current contract nullified. Vela gets nothing more, but that doesn't matter. Option for SH expires. Vela reports 1Q of 2017. Stock goes up 25X to 50X from here if those three things happen. Maybe 100X over next 2 years.
GLTA. Our investor group is holding and will buy more on any positive announcement
They reported over 500K subs last year, well over a year ago. They have also put $5 million into the CMM system. How could they not be over 1 Mil subs now? Maybe 2 Million. With just 4Billion shares outstanding, this is just a 2 Million dollar valuation, might be worth 50-100 Million or 25-50 TIMES more.
This might be it...
http://hk.jobsdb.com/hk/en/job/analyst-programmer-programmer-100003004791867
Sept 28th Job Offer for programmer for Billing System
Looks like we have a business and a growing business!
Good Morning to all, Does anyone know what happened today? Was there a buyer or seller? Has there been any news at all? Also, why are so many messages deleted? Thank you PT
I was told it is now about 5Billion shares but no new shares for over a year, which is important. IR will NOT get any new shares, no judge would ever allow it while there is a formal SEC investigation, and at the price of 0.0004 X 5Bil, that is just a $2 Million valuation. Sure it could be worth zero, but if there is a business, it could be worth 50-100 Million and be 25-50TIMES higher.
Even if it is at 10 Billion shares, and it would be hard to see that as being true, the valuation is still relatively low.
Does anyone know if Velatel is actually in business?
VACATED
AND REMANDED WITH INSTRUCTIONS TO DISMISS
FOR LACK OF JURISDICTION
This is exceptional news!!! I had a conversation with my advisor/friend who says this is one half of the puzzle. It will certainly end the dilution because ALJs rule 90%+ in favor of the SEC and now will take over the case again Ironridge and the principals. Therefore, the dilution is for all purposes, done.
The other half of the puzzle is now regarding the business. Is there a business? Does anyone in here speak with Mr. Alvarez. It sounded like some investors had direct lines of communication with Mr. Alvarez?
I am speaking with my advisor later in the day in hopes to better understand the situation. I am surprised there is no volume yet...
Any update on the court case?
As I understand it, there were 3 cases in front of different appellate courts. Two of them have ruled in favor of the SEC and the last case is the one involving Ironridge in the SEC vs Hill case. Is that correct?
I was told these cases are ruled on after 4-6 weeks but this has been a number of months. Can someone elaborate on the importance of the ruling and how it would affect VELA? I bought some shares and thinking of buying more if we get validation of the business- which may or may never come. Anyone in here know what is going on with the business?
A friend of mine showed me this company and said nearly impossible to get any information- seems he was right. Still sounds like a binary event, either a 5-10 or more bagger , or a zero.
Any help appreciated.
Pete
Is it possible that the company IS ACTUALLY GROWING but saying nothing for one main reason? Isn't the SEC going after Ironridge? If so, they most assuredly spoke with George and Colin. If George is talking to the SEC, he would have to be very careful in what he says publicly.
I don't know what is going on with the company, but these tweets do seem important to show the company is actually doing ok- what that means? I don't know. If George isn't saying anything, then I doubt they are the ones buying stock.
I'll take a guess that if/when the SEC gets Ironridge, Velatel will then follow with a HUGE lawsuit against Ironridge for massive damages. Vela will give details of how CMM is progressing and should ask for shares back from IR as part of damages. That would force IR to buy millions and BILLIONS of shares in the market and we would see a 100 to 1000 fold increase in price.
Maybe?
Trying to buy...
Can someone in here help me. I am trying to buy 30K worth of stock at .0004, which i think is 75 MM shares, but I placed the order with Ameritrade and asked them to not show more that 5-10 MM at a time. Ever since I put my order in (a week ago) the price started to go up. Do you think Ameritrade is buying in front of me?
I spoke with my friend who explained what was going on here w Velatel and he thinks this stock is still valued at less than 3-4 million for the entire company. If they have 500K users in CMM, that's 5X what they had when they bought CMM for 7Mil, so company should be worth 35Mil? If they upgraded to 4G or LTE, it should be worth double or triple, nearly 100Mil? If they actually have 1 Mil users and not just 500K users, the company could be worth 200MIL??? If Vela owns 75%, that's 150 Mil - or 20X higher from here?
I do not understand the reality. The link that shows CMM obtained International Carrier Status says the company has 500K users, and that has to be growing, so please help me because NOBODY understands what is going on here. Why is the stock price so low? I don't see much debt and can't figure out why the numbers are so off.
Serious replies please. Also, what is the difference between CMM and China Mobile, does CM own CMM? Thank you!
Peter
11th Circuit Court of Appeals...
Looks like the 11th CCA heard arguments yesterday on the right for the SEC to name its own judges, which if allowed, would mean the case against Ironridge LLC goes forward. That would mean Ironridge would need to cease and desist on any future dealings. It would also mean possible/probable DISGORGEMENT of profits: meaning IR owes Vela $ or IR needs to give back shares (Buyback?) or Both.
There was a previous post from someone here that showed Velatel acquired International Carrier Status with 500K users? Could that someone please repost? Maybe That CMM company is actually growing???
Whether 5or 10 Bil shares, the market valuation seems to be pretty low. It appears that someone was either in the courtroom or had access to the lawyers and questions and thinks this is going in favor of the SEC and Vela?
we are at 3! I am trying to buy but getting a yellow light at Schwab. If this is true, we should be at 10 soon!
Incredible price action today. What is the deal? News?
Agreed. Why won't George try to improve the situation? What is going on at CM? Does anyone know if the migration is happening or if the network works or if there are any new customers?
Just talked to my guys in So Cal and they had 5 Mil lined up to buy debt and stock and George would not even discuss it! This was about 8-12 months ago. I guess they recently reached out to George to do a smaller investment (he didn't say how much) but probably 1 mil to buy out IR and 1 mil to buy stock here. George again would not entertain their offer, not even discuss it!
These guys believe he is intentionally trying to rid himself of all shareholders and will give himself and their partner (AQT) shares and all current shareholders lose out and they (george and buddies) take company themselves.
Help! Is this true?
It's true and I know the 3 guys who wanted to do it. Southern Cal and very smart guys, one is a good friend and someone I got involved in the stock (so not as good a friend anymore! lol) but he is fed up with George and doesn't think he is honest. The non returned phone calls don't make sense, so G is hiding something, or he is an idiot, or both.
Iron Ridge! That question is too stupid to even give a reply to- oops. George has given them more shares. George is the worst CEo in the history of all mankind.
I completely agree. Velatel owes almost nothing, maybe a million? If this company is really going to be worth 50-100 million, why do they give away 1/2 or 3/4 of the entire company for a million dollars? George is an idiot or a scam artist. Or Both. Borrow a million, or make a deal with IR and concentrate on the company. It isn't that hard.
I am with you! I want the Q and an update and filings as well. I do feel better and better about the sinking USS Ironridge everyday, but some finality would be nice. If the 4G works, man this could go 10X in a month
The press release
This is very good news.
CTRP is the real deal.
Positive VELA news anyway you slice it as CTRP wouldn't do business and sign contracts with ANYONE it didn't think could stand tall AND have financial capability to follow through.
Yes Q needs to come out, but USS Ironridge has sunk. Contracts moving forward and Phase 1 COMPLETE, that means DONE and working.
ALL good news
Is IR Gone? All three scumbags left sinking ship!
The Ironridge website says 3 main guys gone! Is this true? Are the Ironridge managers still around? This could be the bottom
WHERE THE F IS THE K??? Q DUE IN TWO DAYS!!!!
THE WORST MANAGEMENT IN HISTORY!!!!!!
It is ALWAYS NEXT WEEK!!!!!!!!!!!!!!!!
Where is the K!!???
SOOO Typical!
They are NOT getting paid in VELA shares, it is a 10% interest. Great deal for VELA. This will go up overtime as people read 8K. News is solid.
I don't think so. Dilution is over. 2Bil shares out makes this a 2Mil$ company, could easily be worth 50-100MM in 2 years. Could be a 25-50 multiple!