It may touch the 2.05 mark, but there is no way it sees its price its the $1.XX's. I was wrong about earnings, but im right about this. I feel it will close around $2.50, a slow tick up as the day goes on.
it is only worth 1.50 if were talking tangible book value. If you are literally at the point where you think goodwill and intangibles are worthless, management is worthless, the brand is worthless, their customer relations are worthless, etc...then it is definitely worth 1.50. I sort of feel that aside from physical assets, the company should have atleast another 1.50 in all the stuff I explained above. I give VELT a 3 dollar price target, but not necessarily tomorrow. I'd say within a week. Ppl on this board are mostly idiots and want to pretend they are part of something, but in reality they dont affect the price at all, so itll really be up to the institutions where this thing goes. My guess is if it touches 2 well see some covering.
Not all shorts are so greedy, plenty of them are happy with a 30-40 percent gain or maybe even 80 if they got in high enough.