whoops, I forgot that's bluewhistlers line , lol
"I love fear I can smell it in the air here."
this guys brokerage account needs to have shares physically cancelled and removed for him to MAYBE stop pumping
now as a trader, one can still make money here , even if it goes to a nickel it can rise for several days , but thats all it's good for I think
So I was right. It was intentional BK by CEO and board. I will tell you guys some facts that will expose them.
CEO has close personal ties with secured bondholders who will get 80% of shares upon BK. So, they own bonds and now shares.
Previous NIHD CEO wanted to sell to Televisa and TEF. He got fired and Steve S. came to riff off shareholders and benefit friends
Previous CEO wanted MVNO to save the company. Board and Steve cancelled his plan to spend and make company look unsustainable
I know u lost a lot on nihd, and are probably going to be right with the bk call altogether....
with this conviction, why don't u short? can still make 100% on your money if this goes to zero
using "similar web" one can kinda track the traffic on these
long story short, "Velti" and "jira Velti" has shown a steady decline in monthly visitors since April, whereas "jira mgage" has for the first time (September) exceeded visitors than Velti.
not bashing , not pumping, just something I noticed
hopeful this gets settled as it appears that Velti won't provide the banking and wire details from when MOBCLIX was operating.
basically what happened was Velti was pulling money from MOBCLIX to pay for other parts of the business and stuffed developers since they probably figured it would cause least amount of damage. it's mentioned in the docket that it also is a "direct or indirect" subsidiary of the PLC
hopefully this gets resolved as the tactics they used were borderline fraudulent , but as long as us stockholders stay protected is all that matters
maybe u can look with a different set of eyes NLAKE
always appreciate hearing from ya knaasher. I have it's been holding, tempted all the time to continue buying more, but so far I'm at 2.5 wks without any "gambling". just need to remind myself that if veltf comes back to real valuation , I'll be more than happy with my returns, so in that aspect it's good to diversify in case veltf never pans out for whatever reason.
maybe summer 2015 is what hlin meant, not summer 2014. just kidding,
any other plays you are into?
I'll GLADLY like to be proven wrong and you be right NLAKE! technicality you are right, I'm just having trouble envisioning anything positive for myself after being in the doldrums for over a 17 months
i understand completely , however, they wont let this trade nearly up to that level with pending litigation thats why i assigned a value close to half that. would you agree this wont trade for 25m market cap with only 9m being a lawsuit settlement for the shares?
found a site regarding class action lawsuit which is against Velti PLC, yes PLC not to be confused with Velti inc or anything in the blackstone case. this I found today, the website is Velti securities litigation
more or less the proposed settlement fund is to be 9.5 million dollars and damaged shares to be 51.4 million
the damaged shares share count interests me
for further reading simple do a search for Velti litigation
hearing will be jan 14 2015 so expect dismal share price at least for another 6 months
the fun never seems to end does it lol?
it's been said before (or I've heard) the Frankfurt exchange being the haven for naked shorts. Velti had a Frankfurt symbol too and then it disappeared and shorts probably pocketed tens of millions
do we have the same thing here?
slightly off topic, but I think last court date is sept 25, where the aug 28 court date was cancelled and matters all will be held in September. then the fact the lawyers have final fees, OMG I am so ready for .50 cents a share in October!! thanks for the links hlin,
I took a look at the offices and didn't notice which one was added (probably cuz I'm already aware of the locales). do u know which was added? I still wonder why China's not listed