Velatel Global Comm. (fka VELA)

[IsaacIronridge]

Buying Before Next China Motion Payment Due

Could be a signal that the payment due on Sunday will in fact be made? Lots of big buys over the past few days. Question is whether or not Ironridge will be used for funds for the payment. The final payment is due in August. This is a big IF, but IF Velatel gets an alternate financing source, SUNR and friends may get caught off guard. BIG IF, but the millions of shares traded this week suggests a turn could happen on news. Pure speculation as it seems SUNR and friends are using shares that don't exist to pound down the stock and profit immensely. Logic would suggest that Isaac/Ironridge want to kill the stock to get more shares, and are selling their "free" shares on the way down while shorting...making a killing. Manipulation? Absolutely. Illegal? Probably. SEC should be involved but there are too many penny stocks out there for them to care one would think.

This is also a rare time that SUNR is on the ask. Another tell? Doubtful with the stock's terrible history, but if there were to ever be a short squeeze with all of the naked shares from SUNR 'n friends, a move back up on short covering would be mammoth in theory.