Follow The Money.
I do not believe VelaTel is out of business. Far from it, actually. As PennyMonster stated, their core business is in Asia, so there is no need for a huge presence here. As Stan stated, they are also hiring. This would suggest the business is actually growing. The recent money coming in to the stock was no accident, in my opinion. The timing around the court case is also more than coincidental.
The unfortunate part is that no one knows how well the business is doing, because George Alvarez is holed up in a bunker somewhere. If, one day, filings are made and it is confirmed that Ironridge is finally out of the picture, VELA could trade many, many multiples higher (real pennies). As with all investments it is risk vs. reward. This one just happens to have a much larger reward than others if George ever emerges from his bunker and files the paperwork showing the subs are real and they are rid of the cancerous Ironridge.
