Under 1 and Pennies:
BAB, Inc. Announces Cash Distribution Business Wire10:28am EDT
Notice ATRN acting up a little the lat month..
|ATRNQ *||10:10am EDT||0.0192||0.00||+12.94%||416,785|
Latter last week we had bullish discussion on PLSB including ongoing support in mid .40s plus rapid growth
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|Pulse Secures Northern California for Its Cabana(NYSE:TM) 100% Natural Lemonade Marketwire09:00am EDT|
IWEB stalling, however monitoring for intermediate term footing upper .07s...
Yesterday we mentioned promotional campaign with GLTV...had been up slightly....
VELA not able to substain more then a mere pivot last couple days dispite recent bullish discussions....Keep in mind down 90% since reverse split alone....So still a mounting case on valuation especially when/should we see insider seling/delution start to fade.....
0.05 0.02(24.24%) 9:55AM EDT
Post: Very interesting operations update from George Alvarez, CEO of VelaTel Global Communications, Inc. (OTC:VELA) this morning.
Here is the complete update (link to the video here)
#1 Looks like Croatia/Montenegro is accelerating deployment and has secured $3M with "partners" for expansion. Who are the "partners"? We'll find out.
Alvarez's later statement gives clues for Balkans and all deals (like Lima, CASC/NGSN). Here is key: the expansion in Peru via "JV relationship to facilitate cash flow requirements...and pretty much in every country". The Lima spectrum expansion sounds like another beneficiary of "the JV partner" cash.
2) As far as B2B network deals with NGSN and CASC... who is the "local partner" to finance local deployment? We will find that out as well. Also, funds already there will be used to acquire spectrum and then that cash to deploy network according to Alvarez.
3) VN Tech "is going extremely well" and "expect great things in a short period of time." Additional trials are due to government subsidies to carriers to deploy fuel cell back-up capacity and larger scope of deployment to replace old battery based back-ups.
According to Alvarez, their VN Tech subsidiary is in very good position for orders as one of the first to obtain approvals for these type of government sponsored subsidies. They are working with their main strategic partner ZTE to get POs from incumbent carriers to replace a large percentage of existing back-up systems. VN Tech is an OEM supplier for ZTE on these back-up systems...at $7500 to $15000+ per system (depending on size of tower).
4) Zapna - more news expected in September...other deals to follow that are "very impressive."
Bottom-line--our next report on VELA is about reasonable valuations for the non-carrier assets...B2B 4G networks in China (CASC and NGSN), VN Tech the fuel cell back-up subsidiary in China, and Zapna (worldwide discount mobile voice and data roaming services).
The BIG surprise looks like A) VELA has found the JV strategic investor they need--is it China Mobile and B) the non-carrier assets look to add significant revenue and cash flows over the next 12-months.
Surprises to the upside? I'll believe it when we see it...but so far so good.