Replies to post #5884 on Velatel Global Comm. (fka VELA)

[K_Dog]

I hope not.

[jjj373]

I don't know if true or not but entirely possible imo. Could also explain why they failed to file and are delinquent.

VELA [as was CHTL] is/was in business primarily to benefit the George Alvarez Family and Friends. Since that business plan is no longer working they will have to reinvent themselves.

Come on Tobin Smith. You claim to have been an integral part of this
company - at least you were - so what's your take on it? Since you got your hand slapped have nothing to say?

Most of the above is my OPINION. If anyone has read a VELA [CHTL] filing and fully understands it, please raise your hand. tia

[ilajkp]

If it is true, George may be a violation of security law. He may go to a jail for over 20 years. He may pay shareholder money for a fraud.

[IsaacIronridge]

Precisely What I Feared About George Alvarez

When I initially heard of this I could not believe it and then I began to wonder why he would not entertain a conversation about something that would potentially solve the company's biggest problem. George letting the stock rot and then giving himself, friends, family and inner circle a "sweetheart deal" is what I kept coming back to. It is the only explanation.

Think about it. The man ignores the capital solution the company has always needed. Supposedly, the company is actually bringing in revenue through China Motion and they may increase it with 4G expansion (if George actually executes something for once). Then, there are no filings and the company does zero press. The only mentions of anything are on the company's website that no one sees.

If George lowballs shareholders just to screw them with a Friends & Family issuance, I have to bet that there will be a line of shareholders waiting to take him to court.

If this theory is true, we may be watching George Alvarez dig his own grave.