VELA revenues commencing/7000 new customers

VELA 7000 new customersw

Picked By greenbackers
Picked: September 12, 2011 11:57:32 AM PDT
Rating

CHINA TEL GROUP INC (Pink Sheets: VELA) - Open

Symbol Position Allocation Picked Current Price
VELA Long 10% $0.1100 $0.0186 -83.09%


Opened September 12, 2011 11:57:32 AM PDT
Closed -
Risk High
Target Date December 31, 2011
Target Price $0.6000
Timeframe -
Suggested Stop Loss -
Holding Long Position
Disclosure -

VELA seeing intraday turnaround off of a dime..VELA.PK 01:34pm EDT 0.111 +0.00 +0.00% 409,575 ..We want to re-emphasize 7000 new customers since commen
cing revenues in August 2011...the forecast was for 2000. http://www.nbtequitiesresearch.com/sites/default/files/uploads/09122011_VELA_VelaTel_Update_NBT_Equities_Research.pdf According to VELA’s CEO George Alvarez, over 7000 new customers have now pre-ordered Go Movil wireless broadband service...Remember the VERY low-balled Go Movil 12 month forecast was only 16,000 subscribers for the entire YEAR..NBT now estimates we are going to see 24-30k subscribers...




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