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Velti Halka Acık Limited Şirket 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.


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