Wed, Jul 23, 2014, 4:53 AM EDT - U.S. Markets open in 4 hrs 37 mins

Recent

% | $
Click the to save as a favorite.

Velti plc Message Board

  • fooledbyrandomness4 fooledbyrandomness4 Nov 10, 2013 8:54 AM Flag

    My Take On The Current Situation

    I am just guessing here, Velti probably has a corporate structure then individual separate businesses under it.

    They are doing Chapter 7 on Mobclix.
    Chapter 11 on US\UK\India.
    Keeping the rest under symbol velt.

    Always my take has been they too much liabilities on the books about 200million, even though they had 300million in receivables(about 125million from business they are keeping Greece et al.).

    So the question is will they discharge most of these liabilities in the chapter7\Chapter11?
    They could be keeping 125millions in Receivables and very few liabilities.

    So basically share price at 14 cents implies that (recoverable receivables - liabilities) are worth 10million.

    Now I am guessing here so dont mortgage your house and buy another million shares.

    Now the judge could put the parent company to BK and try to recover every penny which could make the current shares zero.

    Anybody think am I on the right path.

    Thanks.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
VELT
0.06260.0000(0.00%)Dec 13 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.