Velti Plc, which trades on the Nasdaq Stock Market, isn’t part of the bankruptcy process. The company plans to auction some assets with an affiliate of GSO Capital Partners acting as the initial, or “stalking-horse,” bidder.
While the business lines of Air2Web’s India unit and Velti’s U.K. operations, including Mobile Interactive Group Ltd., are included in the proposed sale, those entities aren’t part of the bankruptcy and are continuing normal operations, Velti Chief Executive Officer Alex Moukas said in a phone interview before the filing.
I think you have it backwards mike. The toxic assets was left to Moukas to play with. Everything else was taken over. Just think clearly for a moment- do you really think that company like Blackstone would be anything stupid from distressed seller like VELT? Well, I leave that to you to answer. Good luck boy.