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Velti Plc Message Board

  • fpl1971 fpl1971 Nov 4, 2013 6:44 PM Flag

    am i missing something... i am a long term holder .. almost sold everything this morning and then...

    I saw the headline ... velti declares bankruptcy! wow, the race is on to get out!!!! so I immediately went to the computer premarket and then try to sell everything at 7 cents to 8 cents ... my average was way up there!!! outch, sucks... ain't it? And then, I took a deep breath and say... let me read some more about the news. Below is what I found:
    1) Only the US entities that belong to velti either going through re-organization or being sold.
    2) Looks like through this maneuver, Velti wiped out most of its debt and received cash to operate its re-focused market, which is mainly in Europe and Asia.

    Not too bad, I said to myself. Yeah, stock price sucks... but then I realize, how many read the initial headline and rushed to sell and refused to get back in. So, I said to myself, what the heck, lets double down at 0.08 - 0.09 per share ... so I did.

    Honestly, I think this is great news. This means, Velti has found a solution to stay in business. Now do you believe whatever it has left over deserves a merely $7 million market cap? If you do, then you should be glad that you sold it. I don't, I think this company should be at least around $25 million dollars in market cap. So that means 3.5x at its current trading price. Conservatively speaking, I think it should be trading at around $0.25 / share. Still much below my entry price. But when this puppy gets hot .. with growth and without debt, this stock can run in a few months.

    This is my 2cents and I wish all longs prosper. Today is the worst for velti and that means if you get in today, it can only get better.

    Sentiment: Strong Buy

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VELT
0.06260.0000(0.00%)Dec 13 4:00 PMEST

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