What a moron. "joining velti was risky for me" "ebitda will be down versus 2012" "first half of year will be tight on cash"
this guy sounds young and stupid. call was going fine until he "wrapped it up" and sent it to hell. 5 hours of good stuff and 5 minutes of an idiot. if you don't have numbers to show keep your mouth shut.
I agree that he is a complete moron and he couldn't spit out his words properly but the stock started declining before his speech. It went down to 5.40's and from there we all went to hell. Its probably like someone else said on this forum that its one major stock owner with huge volume who crashed this and of course the rest of freaked out rats who sold.
He tipped his hand earlier in one on one conversations so some people took advantage of that. He says it after he lays this out. What a toolbag, he sounds like he's just killing time and make himself look important. No way does what he say warrant the haircut, though.