I've been to their offices in San Francisco, met the former CFO and his staff, and from that I was impressed enough to buy into VELT. This is ridiculous and appears to be lead by panicked novices and short sellers, who BTW are making a killing on this small cap company that's in the starting gate of what could be a Big Thing. And that's the key, the promise is there, it's just being whipped sawed beyond reasonableness. Stock is down 90% the past year and a half. Really? Are things that bad or is this field that horrible. Not at all.
I hear you...there have been other stocks I've bought, doing the same foot-work DD you've done! Good job, btw; But, I respect Jeffries opinion to an extent, and their $2.15 target scares me! Plus, i've seen the Market take issue way lower than one could ever imagine! Still, a breach of debt covenant is "penny-stock material"; Reputable companies don't do that!
I don't know where this will settle, and I'd feel a lot better if you would provide "fact-based evidence" of things "being not all that bed", as opposed to just stating such!
That's fine, let them dump it on spite. The sooner they are gone, the better. I'm down nearly 70% on my average price and I'm certainly not happy about it, but I'm not dumping it now. VELT is not going bankrupt and is making positive and strong moves to turning around some questionable things. If the Weak can't stand the heat and have no patience, let them eat their losses. I bought more on Wed and while that, too, is down, I'm just going sit tight for awhile.