I Believe You Said This Before...
Find other money, take out Ironridge, and end it. It is not that hard.
It really isn't. If there is indeed less than $1 Million owed to Ironridge, it is absolutely foolish to give away such a large % of the company than is needed. It is downright stupid.
On the other hand, if an entity were to actually come along and help Velatel solve the Ironridge issue, they could make an absolute killing if they soaked up the supply of shares while the stock is at this level. Someone could most likely take in half a billion shares for $100k. If the company were to ever get to a penny or two or three, the profit on that trade would be one of the biggest grand slams in history. Unfortunately, I doubt many have even heard of Velatel.
The opportunity is immense if what has been portrayed is true, but there will be doubters until the company actually posts results.
What we are witnessing here is sheer stupidity or a bigtime scam. I think it is stupidity. I hope it is, at least.
