Massive manipulation going on. Insiders purposely not releasing news or trying to prop up share price because their friends are buying up shares cheaper and cheaper. Wouldn't be surprised if Moukas gives lower guidance for Q3/Q4 so his buddies can pick up shares under a buck and then the free cash flow will start pouring in and Moukas and his Greek friends will have 1000% returns.
It's happened before and is probably happening right now.
I cannot believe some of the absolutely absurd theorems people come up with on this board. Thats right, lets go ahead an load up on cheap shares rather than growing the shares that were already in possession at $10? Absolutely ridiculous. Dilute the shares and buy cheap, why doesnt everyone do it? GE? JNJ? Berkshire? Are you listening? J.Jacos has a sure fire plan for your board to make money! Jump on board!
yes, infi, I tried that line of logic often here. The prevailing idea is to take conventional, rational thought on preservation of capital and then say but with VELT, do the opposite! The 2 lines of anti-reason on this board are:
1 toast, bk, VELT makes Nazis look like good guys
2. down sharply today, and I loaded up
1 is short wanting longs to sell and 2 is long trying to prop up price. I'm long but my contempt for the pumpers grows daily.
Exactly. Moukas is purposely bombing the share price to get as many of his friends and family on board cheaply. Why else would be wait until 1.50$ to do a secondary? Why would he count the entire MIG purchase as an expense in a single quarter? He's purposely driving down the share price. I wouldn't be surprised if it's because some larger company wants to buy Velti cheap and is going to pay Moukas a massive golden parachute if he's a good little boy and makes the aquisition cheaper.