VelaTel Global Communications, Inc. VELA Current Price and Quotes
Last Price 0.0014
Previous Close 0.0009 Open 0.001
Daily Range 0.0014 - 0.0007 52wk Range 0.158 - 0.0005
Volume 163,272,248 Dividend N/A
Average Vol (3m) 25,168,202 Yield N/A
VELA Stock Message Board http://investorshangout.com/search?q=VELA&...mp;yt1=Go!
Last Updated: Tuesday, December 24, 2013 01:13:02 AM
VelaTel Global Communications, Inc. VELA
Company Information
5950 La Place Court
Suite 160
Carlsbad, CA 92008
Website: http://www.velatel.com
Phone: 760-230-8986
Email: investors@velatel.com
VelaTel Global Communications, Inc. VELA
VelaTel Global Communications provides capital and technical expertise to deploy wireless broadband telecommunications networks, and then operates those networks by offering services attractive to residential, enterprise and government subscribers and to other network operators.
VelaTel Global Communications, Inc. VELA
Financial Reportings and Disclosures
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Sep 30, 2013 10-Q
CIK 0001357531
Fiscal Year End 12/31
OTC Marketplace OTCQB
Profile Data
SIC - Industry Classification 4812 - Radiotelephone Communication
Incorporated In: NV, USA
Year of Inc. 2008
Employees Not Available
Company Officers/Contacts
George Alvarez CEO
Colin Tay President
Mario Alvarez COO
Carlos Trujillo CFO
Kenneth Waggoner VP, Admin., General Counsel, Secretary
Isidoro Gutierrez Chief Admin. Officer
Company Directors
George Alvarez
Mario Alvarez
Colin Tay
Kenneth Waggoner
Company Notes
Formerly=China Tel Group, Inc. until 7-2011
Formerly=Mortlock Ventures, Inc. until 4-2008
Service Providers
Auditor/Accountant
Kabani & Company, Inc.
6033 West Century Blvd.
Suite 810
Los Angeles, CA, 90045
United States
Legal Counsel
Horwitz, Cron & Armstrong, LLP
26475 Rancho Parkway South
Lake Forest, CA, 92630
United States
Fulbright and Jaworski
666 Fifth Avenue
New York, NY, 10103
United States
Investor Relations Firm
Tim Matula
VelaTel Global Communications, Inc. VELA
VELA Security Details
Share Structure
Market Value1 $1,558,777 a/o Dec 23, 2013
Shares Outstanding 1,113,412,415 a/o Nov 19, 2013
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 7,500 a/o Apr 17, 2012
Security Notes
Capital Change=shs increased by 16 for 1 split Ex-date=02/20/2007.
Capital Change=shs decreased by 1 for 100 split. Ex-date=07/24/2012.
Short Selling Data
Short Interest 97,836 (2,038.02%)
Nov 29, 2013
Significant Failures to Deliver No
Transfer Agent(s)
Quicksilver Stock Transfer, LLC
VelaTel Global Communications, Inc. VELA Financials
Period Ending Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009
Total Revenue 1,877 - 955 658
Cost of Revenue 1,210 3 1,104 522
Gross Profit 667 (3) (148) 136
Operating Expenses
Research and Development 134 6,317 18,846 9,757
Sales, General and Admin. 11,268 12,885 42,145 54,903
Non-Recurring Items 11,194 - 7,750 1,008
Other 224 234 268 71
Operating Income (22,153) (19,439) (69,157) (65,604)
Income From Continuing Operations
Add'l Income/Expense Items (14,783) (24) 3,507 24,782
Earnings Before Interest and Tax (36,937) (19,463) (65,650) (40,821)
Interest Expense 1,376 619 973 15,244
Earnings Before Tax (38,312) (20,082) (66,623) (56,065)
Income Tax - - - -
Minority Interest (2,448) (86) (30) (24)
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (38,312) (20,082) (66,369) (54,965)
Non Recurring Events
Discontinued Operations (7,289) (1,710) - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (43,153) (21,707) (66,593) (56,041)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (43,153) (21,707) (66,593) (56,041)
VelaTel Global Communications, Inc. VELA Recent News
VELA VelaTel Global Communications, Inc. Research DD Guide
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