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Velti plc Message Board

beginvestor 6 posts  |  Last Activity: Sep 25, 2014 5:39 PM Member since: Oct 31, 1999
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  • beginvestor beginvestor Sep 25, 2014 5:39 PM Flag

    y_o_s_e, I was thinking the same. May pick up a few more shares this week. This reverse split will be a good one. But if the earnings are not great in the future the shorts will pound it down in a hurry. The share count will really be low here.

    Being hidden on the pinkies all this time has not been a bad idea. But if the company trades on a major exchange the company will have to show some good earnings. If not the shorts will attack. I'm sure the board and Mr. Falcone have given this some thought though.

    y_o_s_e, you have a great day

  • MuniMae Announces Reverse Stock Split and Company Name Change

    BALTIMORE, Sept. 25, 2014 /PRNewswire/ -- Municipal Mortgage & Equity, LLC (OTCQB: MMAB) (the "Company,"), a Delaware limited liability company, today announced a one-for-five (1-for-5) reverse stock split and a name change to MMA Capital Management, LLC. Both actions will be effective as of close of business on Monday, September 29, 2014.
    "In order to improve the tradability of our shares and potentially regain access to a nationally recognized stock exchange, the Board of Directors of the Company has determined that there will be a one-for-five (1-for-5) reverse stock split effective on Monday, September 29th," stated Michael Falcone, Chief Executive Officer. Mr. Falcone continued, "We would like to trade on one of the nationally recognized exchanges before year end. One of the many steps to fulfill that goal includes having a trading price that is consistently above the minimum price set by the national exchanges. By effectuating this reverse stock split, we should trade comfortably above that minimum."
    As part of the reverse stock split fractional shares may be created for certain shareholders. Any fractional shares created by the reverse stock split shall be redeemed by the Company at a price that is equal to our closing price on September 26, 2014, as adjusted for the reverse stock split. Shareholders that hold shares in either certificate or book entry form with the Company's transfer agent, Broadridge Corporate Solutions, Inc. ("Broadridge"), will receive instructions directly from Broadridge with respect to their shares. Shareholders that hold their shares through a broker generally do not have to take any actions and the shares will automatically adjust in their brokerage accounts. Any questions on the changes in a brokerage account should be directed to the shareholder's specific broker, rather than the Company.

  • beginvestor beginvestor Sep 24, 2014 9:33 PM Flag

    waggoner_moneylaunderer
    2 posts | Last Activity: 23 minutes ago
    Member since: Sep 24, 2014

  • beginvestor beginvestor Sep 24, 2014 9:30 PM Flag

    waggoner_moneylaunderer , I'm not a paid pumper here. This board is infested with trash. EOM

  • beginvestor by beginvestor Sep 24, 2014 10:01 AM Flag

    Wow, the stock goes up and so do the bashers. This is just insane for a upper teen cent stock to have this many boiler room shorts-bashers here.

  • Reply to

    When will we receive a Plan from Management

    by wbblp Aug 24, 2014 9:36 AM
    beginvestor beginvestor Sep 12, 2014 9:56 PM Flag

    wbblp, not much the company can do at the moment. With the threat of rising interest rates looming in the future the company has to be careful of what they want to invest in.

    Right now all Mr. Falcone can do is wait until his properties rise in value and conserve cash. I have to give him credit, he saved this company from BK. Slow and easy is the way to go at times, especially these days.

    Sentiment: Hold

VELT
0.0626-0.0094(-13.06%)Dec 13 4:00 PMEST

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