Velti spoke starting 5pm Santa Cruz time NO BANKRUPTCY
Outstanding keynote speaker
Velti has support from HSBC
Noted: velti is not looking to take the BK path and will be edita cash flow positive with the sale of mobclix pending - several interested parties
is the entire operation up for sale ? We are looking at all options to enhance shareholder value
Very interesting comments
They are bringing expenses in line with increased revenue
You hit the nail on the head. All this talk about them announcing no BK is silly to put it mildly. They don't have to announce a foregone conclusion! They can't file BK anyway unless HSBC permits them to and says "Go ahead and screw me for giving you another $7.5 million". If they lose their minds and file anyway, the BK court judge will throw out the case before it even hits the docket, since they are able to pay their bills easily today and can't show sufficient financial hardship to jeopardize HSBC. Enough with this balderdash....