Velatel’s Situation Report April 9, 2012
In summary form, as also referred to all detailed InvestorsHub / iHub
postings as of March 26, 2012 until today and also under any official
Chinese Gov. publications or Chinese-, US-, EU-Medias or Confirmations
by Phone and also considering if anything of Velatel as until today on
purpose not substantiated, could be taken for real or not, therefore
as following :
1. All Chinese projects in China, except VN Hydrogen-Electricity matter, are
in collapsing process. The 3.5GHz spectrum-license as the pre-conditional
base for any 4G application in China including the Sino Crossing project.
The Chinese Gov. is now refusing to provide, since Velatel or its Sub-Companies are not willing or not able to pay US$ 800 millions for the
spectrum-license as before requested by the Chinese Gov. and is now
willing to enter negotiations with other interested parties, better able
to fulfill contract conditions or promises and financially stronger.
( Maybe Telmex: TMX or America Movil: AMX, both owned by Carlos Slim ? )
2. The Sino Crossing project with its fiber-cables for providing 4G internet
complete coverage to 29 large Cities in China, is now in question by the
Chinese Gov. and for providing the opportunity for themselves and/or
other much better parties than Velatel with its Sub-Companies, the
Chinese Gov. now likes to cancel the 2008 contract with ChinaTel now
VelaTel, because the contract fulfilling is since two years by Velatel
delayed by its contract promises not fulfilled, because instead of above
29 Cities complete 4G internet coverage, Velatel did only at 2 smaller
Cities installing only smaller internet-transmitter-test-units, that‘s all.
3. In respond to the present situation with China and VELA-Investors,
Velatel as them usually by faking, did quickly respond by a faked
Legal Opinion matter, by Velatel only mentioned as from Azur Capital -
Ticker: BHD handed to ZTE for them to think about and quickly start the
Sino Crossing project to be completed. This only by faked impression.
The Legal Opinion is faked by Velatel, because everybody in the world
knows, that by the laws and resulting international banks- and capital- institution standards, they if by them accepted only permitted to issue
for negotiation purpose “Preliminary Confirmations of Intent” for maybe
possibly willing to do the project financing, if to conclude any negotiated mutually accepted agreement by all parties could be signed.
As result, it is impossible that any financing institution could ever issue
a Legal Opinion as by Velatel everywhere published and invented.
As everybody worldwide also knows, any Legal Opinion Confirmation could
only at request by any China-Government-Section where the project is
located issued, for an evaluation as pre-conditions for any Company License
or Permission by some further application to request at the Government.
Under the present conditions in China, it would be very difficult from the
Government to get any Legal Opinion Confirmation as in favor of Velatel
or it’s Sub-Companies, by before Point 2. not fulfilling any of the promises.
4. The Joinmax Ltd. or Trussnet Ltd in HK, by Velatel stocks every 3 months
got over US$ 1 million paid during the past 4 years, but for what for and outside of Velatel o nobody ever substantiated and by details became to
see or to know about !
If we considered above Point 2., then they beside of only installing 2 smaller
internet-transmitters-test-units with a lot of Velatel’s Blah-Blah, they under
Velatel’s control and order did do nothing else to complete the projects.
Resulting its legitimated to ask, if they by its VELA stock-sales-dumping for reducing the stock-price and/or for putting the money in a money-laundering pension-basket for all the global Friends and Families related to Velatel.
Has this been the main Velatel declared engineering&consulting job of them ?
Beside did they only check the fiber-cables at Sino Crossings project, if the known mouse-invasion at Chinas countryside did or did not partially eating the plastic-insulations or may partially the complete fiber-cables, or did they do
not even that ?
( This also for everybody to think about and to create its own opinions. )
5. PeruSat - GoMovil Project. At beginning August 2011, Velatel published
within the first 3 days 7000 interested internet subscribers received.
End of January 2012 by shareholder-call and published up-date, Velatel
confirmed for the 5 months from August to December 2011 received only
1854 internet subscribers / annually resulting to 4449 subscribers and
mentioned in 2012 to get 16’000 subscribers. This in the country where
America Movil Carlo Slim with his Claro within 3 years 16 millions subscribers
created. That much by the facts about Velatel’s ability at product-marketing.
Additionally the PeruSat S.A. is owned by Mr. Isaac, not Velatel and one
of the former owners has according the purchase-contract not completely
been paid. As result there is a court-case pending in Peru, what means
that possibly the poor GoMovil revenues would be blocked, if not even
the complete PeruSat purchase-contract would be over-ruled, for maybe
Carlos Slim for Claro to buy ?
6. Velatel’s ZTE US- and EU- Security Risks. The US or EU and possibly others, will not accept the Chinese international espionage and surveillance carried-out by such companies as ZTE, they also like to export the Chinese way of live. This disturbing behavior for the Chinese just to create its own advantages on the expenses of all other nations by cyber-attacks and stealing of intellectual properties, etc.
Unfortunately, Velatel did select the wrong partner, but other well recommended
well-known companies would not do business with such companies as Velatel
to preserve its reputation.
The US, EU and NATO are now in evaluation, but the outcome for companies
as ZTE to supply or install Internet-Transmitter-Stations, according findings and
detailed cyber-attacks experiences, cannot been seen as positive for them.
This as important will additionally affect Velatel’s business opportunities at any
well-developed, industrialized and commercialized good profits countries.
7. About the Croatia and Montenegro Project. Velatel as published claims to have there over 6 millions of potential internet subscribers.
The reality according government statistics is, that the total population of
the two countries together at 2011 has been counted 5.32 millions where
the population of Montenegro is only 620’000 and where in both countries about 30% are Elderly peoples and naturally a lot of Babies also exist.
The residential households in Croatia are 1.05 million and in Montenegro
only 120’000 plus about 30% holiday-houses for the tourist seasons.
Taking the marketing ability from Velatel according above Point 5. during
5 months in Peru 2011 only 1854 subscribers as annual 4449 internet subscribers, for both countries households, they would take 263years, or
when according of Velatel’s 2012 announcement 16’000 Peru subscribers
been calculated, then it would take 73years for in Croatia or Montenegro
just every household to have an internet connection.
This with the risk at Croatia when it at June 2012 as latest EU-Member-State
is joining the EU, that from the EU Commission any ZTE-Internet-Transmitters
are prohibited within the EU. This would mean Velatel either stop the business
in Croatia and continuous only in Montenegro with its 120’000 households, or
Velatel is changing all internet-transmitters to a product-brand the EU could
accept. Changing to an other product-brand would be very difficult financially
and to find somebody else to do business with a company such as Velatel.
8. ZTE itself, but not only by Blah-Blah promises as from Velatel, goes also
into the underdeveloped countries same as Velatel is talking only and this
by Velatel only as one of many ZTE customers, it can do nothing about !
There is no such thing as an exclusive worldwide strategic partnership contract, with for example ZTE confirms to do business only inside of China and Velatel therefore has no exclusive rights for any places outside of China !
As nobody really needs Velatel, ZTE ( 2011 profit US$ 8 billions ) also do not need Velatel and as result by ZTE official publishing or participating at any international internet fairs/exhibitions, the name Velatel remains unmentioned.
9. Velatel published to have purchased a 75% Part of Zapna ApS in Denmark,
with 6 millions VELA-Stocks / US$ 0.03 per Stock = Value US$ 180’000.-
Denmark is an EU-Member and will get into the same ZTE-Problems as in
Croatia. About some possible Pakistan activity Velatel mentioned, there
is to consider, that ZTE without Velatel after successful internet installation completion in Bangladesh within of 5 months with also parallel creating
200’000 internet-subscribers, ZTE as result and by request of Pakistan there
to do the same, has already started in Pakistan also to do the same.
Velatel’s Mr. Tay for the value of US$ 180’000 could do a 75% purchase of
Danish Zapna ApS company, as always if the informations of Velatel are not faked, but in Europe as not so cheap and where its not possible to purchase for the same value a apartment for a normal family, then even purchasing
an EU company for that small amount ? ? ?
Maybe the Zapna ApS in some chapter 11 procedure ( possible to find-out ) and Velatel did take the opportunity only for some Asian typical impressions creation game purposes ? ( For Velatel & NBT brainwashed investors. )
10. Velatel’s company configuration. Somebody could own 100% of VELA-
Stocks, but beside would not own any valuable or sellable assets.
If someone takes the annual revenues of until September 2011 and divide
it by the number of stocks issued in the same period, then it results in
an EpS of only $ 0.01 as Stock-Value and when take the reduced revenues
as mentioned by Velatel and increased Stock numbers from Stock-Dumping
been considered, then it results to about $ 0.006 as Stock-Value, but Velatel
themselves at SEC-Filings set the Stock-Value to even $ 0.0001 as 60x less.
As anybody for sure knows, any stock-value below $ 1 is only considered
as trading and not as a real investment.
Velatel is so busy with the huge numbers of SEC-Filings, that they could
not even at first just concentrate on marketing to generate revenues.
For examples, GE is monthly just one SEC-Filing producing, but Velatel . . .
just for its employees income generating stocks-dumping, etc., also for impression purposes is monthly producing between 5 - 10 SEC-Filings.
11. Velatel is not showing any usual market presence by any events or fairs
in the internet or mobile field usually so important to create and preserve
market opportunities. Usually only mail-box or scam or fake or law and
investor abuse companies to hide, do not present themselves in public.
12. Velatel seems to be under some pressure by it’s not promises fulfilling.
In October, November and December 2011 they made press-releases about every 2 - 5 days and then in January - February 2012 more quiet silent and now surprisingly nearly every 2nd day with something public, including fakes
and mistakes.
13. Velatel created a new company in Cayman Islands. They go from one mistake to another. Cayman Islands with its dubious image, worldwide known
by its law-lessness resulting as the ideal place for criminals in the money-laundering and drugs related activities, as address with the worst reputation
for any usual business.
Since there are well recommended places in the same region as for example Panama with even ZERO tax for foreign revenues or incomes, but with good government control to keep the country clean from criminals and much better infrastructure and good stability also by the helping US-Military Base, there is no need to go to a place such as Cayman Islands for a good company.
Knowing this, it will create questions and huge attentions by Authorities and Finance Institutions in the US or UK and Europe, which could block Velatel to
get maybe bankrupt, by them to save its reputation within 24h just canceling
all credits, or the Authorities depending on findings may possible just closing
the companies and confiscate any company or personals properties.
According US-Company Statistic, every US company having also a company
in Cayman Islands, get sooner or later into problems with the US-Authorities,
where in many cases the bosses end-up in prison. If this would be the case
by Velatel, then for sure NBT’s Tobin Smith would also join the place and the cheated Investors maybe get losses back, similar as now by Murdoch case.
14. This is our last replay in the VELA-matter. There is no more time for this,
which we need for prosperous things.
Velatel possibly is thinking to be in past post-mail and telegraph conditions and forget to be in today’s 24/7 information and communication age.
Anything further about Velatel & Related we let remain to any Authorities.
Hopefully this helps as Investors protection. Good Luck to Everybody.
PS: To block the truth by all Chinese, ZTE, Velatel & Related cyber-attacks
attempts and even Google involvement by erasing files in its search-engine
for the clients not to find the information, did finally not work, in contrary !
