Stock is up 6X from its recent lows. It has been consolidating a little over $2.00 for several weeks. Management is excellent and I expect continued execution throughout 2014.
Neil Christie - Bankers Investment
How much cash do you guys have on hand? I have two questions. How much cash do you have on hand and how do you stand with Visa Europe?
Steven van der Velden
Let me address the first question or at least pass it on to Mark Nije our CFO. I believe we had around $6 million at the end of Q3. And I’m not even sure if we accept, you know, what our cash on hand is today, Mark? But I’m not sure if you can shed a light on that?
Yes. The cash at hand was $6 million at the end of September, and it’s now probably in the area of $4 million to $5 million.
Lets see how the 10Q looks.
As for manipulation: short interest has been consistently going down from a high of 3.4M down to 880K. There just is no buying interest in the name and the risk/reward to short/manipulate is not there at $80M. 220K shares which represents about $136K has been transacted at 2:35PM. The numbers are not bringing in buyers and the seller keeps on selling on a program.
No one trusts SVV. They need to put out the 10Q. Interesting to see what cash balance, accounts payable, accrued liabilities, and G&A looks like.
Not really bearish or bullish at the moment. Probably fairly valued at $80M.
That is very big news. Congrats to IB and anyone involved for landing that deal. Hopefully they can put out a PR explaining the impact or provide some color on the next CC.