Velatel Global Comm. (fka VELA)

[IsaacIronridge]

Sticking with 6-7 billion. Getting worse.

It appears as though George Alvarez does not care about the toxic money he continues to take from Ironridge, costing the shareholders of the company dearly. I have posted many times about this. If this were to change, this would be a totally different ballgame. Instead, it looks like the supply of shares will soon eclipse the amount on the bid, taking the stock to zero.

And why should George care? He can take money from wherever he wants without really hurting himself. He can just grant himself more shares. People who own the stock can't do that, and they run the risk of getting decimated.

George Alvarez does not care about shareholders and never has. It appears as though he just wants to keep his company on life support with the hopes that someday it works. When that day comes, anyone invested now will most likely not benefit anyway. It appears to be quite a disgusting situation and I would love to hear from anyone with factual evidence try to dispute this viewpoint.