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Velti plc Message Board

  • sfvip sfvip Apr 19, 2013 8:14 AM Flag

    fire the new CFO on the spot

    idiot took stock down 70% then doing secondary, should have done it when stock was 5-6 range. who hir3d this moron??? unbelivable mistake. company has enought cash now, but the way the management is running this it will leave shareholders broke again. they have no idea how to run a company

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    • The new CFO did not create the situation they are in. He has had to clean-up this company and put the proper processes and controls in place. The good thing is that they have a grown up in charge and now that the question has been answered on cash requirements going forward the focus can be on growing the business.

    • Jeff Ross in my eyes = Biggest idiot CFO who screwed up this company pretty nicely within a few weeks. What a loser

    • I guess VELT should rather get rid of investors like you. The new CFO can't be blamed for painfully poor execution by VELT management - at the time of his arrival the company was already close to dead and he did a much better job being straightforward to investors and securing the survival of the company than the rest of current senior management ever did.

      • 2 Replies to hageneriksson
      • he is first grade idiot, before he opened his mouth stock was hitting 6, then he promtly takes it to 3 and chahge, by idiotic statements made to analysts, then does the secondary you all been taken to the cleaners by these crooks

      • I agree with your assessment. Now that MIG is out of the way, investors can track progress under the new CFO. The bankruptcy talk should now cease. The floor is Q1 earnings call. Q2 earnings call will reveal whether the new CFO has been able to properly assess the damage in the short time that he's been there. Hard to do when the previous CFO was apparently keeping bad books..."We have identified a material weakness in our internal control over financial reporting." The new CFO has been there a couple of months and this is the nonsense he has to deal with because of his predecessor. I'm looking at March 2014 to determine if we reach his goal, but Q2 and Q3 calls will tell us if his forecasting is on track.

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