Replies to post #4143 on Velatel Global Comm. (fka VELA)

[dannyo-nr1]

The float is nice to bring in some upward Action imo. Tomorrow And the following dass could get interesting...imo

[Pure_Greatness]

How many of these are in default???

NOTE 14 RELATED PARTY TRANSACTIONS

The Company has the following material related party transactions:

September 30, December 31,
2013 2012
Note payable dated April 15, 2009, non-interest bearing, due on demand, unsecured $ – $ 473
Note payable dated February 24, 2012, 10% per annum interest, payable upon demand 81,343 81,343
Note payable dated May 20, 2009, 8% per annum interest, due December 1, 2009, unsecured, currently in default 200,000 200,000
Note payable dated April 1, 2009, 8% per annum interest, due originally October 1, 2009, unsecured, currently in default 100,000 100,000
Note payable dated July 1, 2009, 8% per annum interest, due March 17, 2010, currently in default 100,000 100,000
Note payable dated December 10, 2012, 10% per annum interest 200,000 200,000
Line of Credit Promissory Note, due March 13, 2013, unsecured, interest at 10% per annum, currently in default 188,795 447,306
Total

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9621985