Elephant Talk Communications Corp FRAUD amsterdam Internet

a REAL rip-off. overpriced. no substance. a total ponzi. 90%+ of revenues are selling telephone pay cards which typically have a gross margin of 1-3% and thus impossible to make money.  self-serving to insiders and executives who pump stock, then sell and leave public with real loses. company always saying that they will make a profit and never do. vander veldon never has run a public company or any other and his continual loses prove that in elephant talk. SEC should investigate and seems reluctant. WHY? more should right SEC and a shareholder class action suit should be filed.