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Velti Halka Acık Limited Şirket Message Board

  • bsftshareholder bsftshareholder Oct 9, 2013 9:05 PM Flag

    The Mobclix Factor

    I heard that the mobclix acquisition by velti is probably the best thing they ever did. Is that true? Is there anything to the idea that mobclix might be sold off as a way out of this mess, and if so, who're the possible acquirers?

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    • Extremely unlikely. Most of the value of mobclix has been obliterated. Read the transcript of their last conference call. They attribute much of their revenue drop to the fact developers all left the platform because they weren't getting paid. The reputation of mobclix seems to be damaged beyond repair which means any acquirer is buying what appears to be mediocre technology and a brand roughly as toxic as Enron. Whatever the technology might be worth it no doubt is less than the small fortune they owe the people they stiffed. They will be lucky if someone takes it off their hands for free in exchange for assuming all of mobclix liabilities. I don't see a happy path for longs here but if there is one it involves fixing their operations not in getting some sucker to take that white elephant off their hands.

    • Extremely unlikely. Most of the value of mobclix has been obliterated. Read the transcript of their last conference call. They attribute much of their revenue drop to the fact developers all left the platform because they weren't getting paid. The reputation of mobclix seems to be damaged beyond repair which means any acquirer is buying what appears to be mediocre technology and a brand roughly as toxic as Enron. Whatever the technology might be worth it no doubt is less than the small fortune they owe the people they stiffed. They will be lucky if someone takes it off their hands for free in exchange for assuming all of mobclix liabilities. I don't see a happy path for longs here but if there is one it involves fixing their operations not in getting some sucker to take that white elephant off their hands.