How is it that VELT and MM cant make any monies yet FB and other social networking and music sites can via mobile? Who are they using for their adverts? Themselves? How can they be better than the supposed leaders in the industry? Does that mean that they do not need MM or VELT to be profitable in the space? It sure seems that way since they are already profitable and these two clown shoes operations arent.
Look at the airlines industry ... if you add up all the passenger and freight dollars that have come into the industry vs all the dollars that have been paid out to manufacture, fuel, and service the airlines .. the entire net return to the industry has been big negative net returns ... and this has been going on since 1950 ... almost 63 years. Go figure.
I went back and read the release when Ross was hired & this stuck out:
THE ANALYSIS: Jefferies analyst Peter Misek believes Ross will help burnish Velti's reputation on Wall Street. He also predicted Ross could eventually groom Velti for a possible sale to a company like Google Inc., Yahoo Inc., Facebook Inc. or Apple Inc., which may be looking for more tools to sell advertising on smartphones and tablet computers.
One opinion is that VELT can make good money for longs (Lord knows they have for shorts!) without showing big profits. I made good money over a decade ago playing Invision, mainly buying at 6 and selling at
9, and they never made much profit but they were in a sector that the market finally recognized - airport security. GE bought them at 50 as awareness of the value of the sector grew, and I see that same type potential for VELT.