Velatel Global Comm. (fka VELA)

[IsaacIronridge]

Precisely What I Feared About George Alvarez

When I initially heard of this I could not believe it and then I began to wonder why he would not entertain a conversation about something that would potentially solve the company's biggest problem. George letting the stock rot and then giving himself, friends, family and inner circle a "sweetheart deal" is what I kept coming back to. It is the only explanation.

Think about it. The man ignores the capital solution the company has always needed. Supposedly, the company is actually bringing in revenue through China Motion and they may increase it with 4G expansion (if George actually executes something for once). Then, there are no filings and the company does zero press. The only mentions of anything are on the company's website that no one sees.

If George lowballs shareholders just to screw them with a Friends & Family issuance, I have to bet that there will be a line of shareholders waiting to take him to court.

If this theory is true, we may be watching George Alvarez dig his own grave.