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Velti Halka Acık Limited Şirket Message Board

  • betasplen1 betasplen1 Jul 18, 2013 9:09 AM Flag

    OK, this makes sense

    Velti is helping a non-profit organization to raise funds! How dare they! SciClone is hiring one of their ex-officers. That's illegal! Snake bitten Peter dropped his price target to $1.50 (50% higher than here) for no reason. That spells bankruptcy. Now we know why it went down 16% yesterday. How can it not??? LOL

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    • Beta

      I am not sure if you are being sarcastic or not, but I would really try hard to take a 3rd person view of this issue at this moment. There is much uncertainty on this one. It feels like there is a 50/50 chance of bankruptcy or further share dilution at this point. I am really surprised at the turn of events and am learning a lot watching this, but I hope the longs can keep emotion out of the play and use logic instead.


      • 2 Replies to infinite_wisdumb
      • My post was so reeking of sarcasm - sorry if it was not obvious. Chance of BK is less than 1% IMO. The ONLY way they have to file BK is if HSBC decides to #$%$ $20-30M in the air and force a call back of their loan in the next 2 weeks. The company will have to file BK and sell off all their assets and HSBC will get back 50 cents on the dollar or so. No reason why they will do that in the next 2 weeks, before VELT increases the AS to 150M and 30 days before the company turns FCF positive (according to the CFO). The company was very clear they will not have to raise money for operations on Jun 24. Will they raise more money in the short term? I give it a less than 20% chance. They are going to sharply turn FCF positive next month, they could get more than expected account receivables from their Greek customers (that were due last year), they are implementing austerity plans all across the company. The fall from $1.30 to $1 was uber-ridiculous and whoever took advantage of it (long or short) were just plain lucky. I wish I had some money yesterday. I cleared some funds today but it is already rebounding and I may just hold off on adding for now.