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NMHUCOWBOY

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NMHUCOWBOY

Re: elberteclll post# 3506

Tuesday, 11/12/2013 2:53:18 PM

Tuesday, November 12, 2013 2:53:18 PM

Post# of 9346
Price for China Motion Mobile will free up some capital for VELA to clear some debt that is coming due or is past due. I think with the exchange rate at .13 USD to 1 HKD and taking into account the sale price in USD, The gross will be approximately 25 million or about twice what Alvarez paid for it. That's not a bad investment profit for less than a years time.
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