Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Vela Technologies (VELA) has noted an announcement from BTL, the Canada-listed technology group in which it has a 700,000 shares (circa 5% of the current fully diluted equity) interest, that BTL has entered into a binding letter of intent to acquire Xapcash Technologies Inc.
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