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Velti Halka Acık Limited Şirket Message Board

  • mikestarfish mikestarfish Nov 4, 2013 12:07 PM Flag

    I Don't Get It..... This is press release is really good for VELT going forward

    They write off Mobclix and close "US Ops" so they can write off all the debt. They sell part of the company to erase all the debt without diluting current shareholders. And now have the backing of GSO which has committed to provide up to $25 million in debtor-in-possession financing, including a $10 million cash injection to support the operations included in the proposed sale. The filing does not include any of the Company's operations in the U.K., Greece, India, China, Brazil, Russia, the United Arab Emirates, or any other jurisdictions outside the U.S. These entities, along with the mobile marketing businesses in the U.S., U.K., and India, are continuing normal business operations. So basically we get a clean slate while owning Velti UK, Greece, China, Brazil, Russia and UAE? I quadrupled my position today as this has become a 500x bagger for the future.

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