Agreed. When Ironridge Goes, This Could Fly
Operations appear to be progressing, which should produce a first for VelaTel - real revenue. It is now down to how much dilution is caused by Ironridge Global. If there is less than a million left owed to them (as hypothesized by someone here), it may very well be manageable. Current shareholders would just have to add a certain percentage to their positions to keep up (if they still believe). It all depends on the formula that Ironridge has in place, which has wrecked the share price of VELA.
I maintain that there is a boatload of money to be made here if Ironridge is eliminated from the equation. IF played correctly, someone COULD make a killing on this in the long term by buying anything near .0005 or under. Unfortunately, details are scarce and it is a waiting game to see how long this will play out - and what will be left in the wreckage once that occurs. The word "IF" is always at play with VelaTel, and until that turns into execution, waiting is the name of the game.
