seeking: do you have a good understanding of the immediate consequences for Velti's cash/credit position either way?
Eg., if HSBC does NOT waive, does that mean the credit line must be repaid with different (accelerated) timeline (eg. necessitating a capital raise at once )? If they "waive", does that make a possible EXTENSION of the line more likely?
In the last week it appears a significant level of volume has traded to permitt the shorts to flip out of their positions. There are a few pigish shorts left that evidently want to see this at $1.50, but I don't believe the big boys who have jumped in over the past week will let that happen. I think we tred water and hope the PR unit within velt can release a new contract news item or two to keep this on the radar.