Until the cash requirements are addressed this will not go far
The underpinning on this company is obviously how they will address their cash requirements with the payment due to MIG since they are maxed out on their line with HSBC. Until this is answered I don't see this stock going far. I do believe they are in a position to negotiate a payment plan with MIG since it is in MIG's best interest for Velti to do well. Also, with Ross's reputation and relationships in the financial community I believe he will be able to renegotiate a new and expanded line. On the other side if they do sell more equity whether common or preferred that typically would be at a discount to the current market price. Until we know what direction they take I do not see this moving much. IMHO
Makes sense. That may be one of the reasons some investors are top-tipping on this for now. If it does turn the corner down the road, man this would be one heck of an entry-point or even better, an average down point.