Replies to post #3506 on Velatel Global Comm. (fka VELA)

[NMHUCOWBOY]

Here is the current exchange rate:

Hong Kong 1 HKD to .128985 USD

If there are approximately 1.5 billion shares on the HCX for China Motion Mobile and the offer is for 1.15 HKD/share then:

1.15 x 1.5 billion = 1.73 billion HKD

1.73 billion HKD x .128985 USD = .22 billion USD = 220 million USD

My apologies if I'm off on the number of shares.

[NMHUCOWBOY]

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.