Home > Boards > US OTC > Delisted > Velatel Global Comm. (fka VELA)
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Alias Born 02/25/2014

Wednesday, March 23, 2016 11:00:51 AM

Re: None

Post# of 9345
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

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