Replies to post #4147 on Velatel Global Comm. (fka VELA)

[Pure_Greatness]

Going Concern from last 10Q
The accompanying unaudited Consolidated Financial Statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited Consolidated Financial Statements, the Company incurred a net loss of $15,273,243 for the nine months ended September 30, 2013. In addition, the Company had negative working capital of $46,803,354and a total deficiency of $49,120,207 as of September 30, 2013.

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

SMH

So how is the 8K loan going to offset this?? That's almost $50MILLion in Debt.