I am sure you've made a killing on the Wed PM trading, Lew - you dont even have to tell us how. LOL for the longs...
basically anyone who have bought and held, believing in the co, has lost big. I doubt this changes with you. The current market cap here is more like a restaurant, or a chain of hot dog stands, not a tech marvel. You have taken a chance, but sell any bounce or you'll likely lose 100%, possibly fast!
well at least you are seeing quick results. At a market cap in range of $1M, this does not look like a public co anymore. This is not panic selling, just recognition that a turnaround taking this long probably wont ever happen.
My sincere advice to others in Velti Anonymous, now, is to ignore the pumpers and refuse to buy more until there is compelling evidence, from cash flow, that BK will be avoided - and to ignore the bashers until the boom drops - just sit there like a deer in the headlights until this thing is resolved one way or the other.
This is solid, sound advice and has no place on this board! My modestly different take is to sell now and secure something, knowing there is lots of time to get back in - at least you're good to not lose everything just holding and waiting, likely for BK.
good for you - key is to keep averaging down, buy more and more as bk becomes closer - this will work really well for you...
Yes, a stock in a downtrend since last century, with a market cap of a hotdog vendor, and you definitely dont want to miss buying more on the day it makes a fresh all time low.
still over 16,000,000, barely moved at all - I think sp will do the same, nothing. Stay away, nothing but time here.
I think VELT will slowly vanish in the coming months. Who would commit to a co with the recent headlines we've seen - survival possible, but cos in this position always screw the common holders first.
pps used to be in the ,000s, now a few pennies. MC of co is less than a small restaurant's, so small to have no resemblance to a publicly traded co. How much secret machinations is required when a company crushes itself?
Thanks for the updates - we can spec on their prospects better with this, but anyone long or thinking about buying should be mindful that the best this management could do since IPO is to turn a dollar into 2 cents.
good point but I cant think that this would be a covered claim under any D&O - poor management, etc. I am confident the shareholders here will blow in the wind, and likely the longer you hold, the worse it will be...
I sold months ago, but for same price as today. A chance for recovery that will take years. Any bounces will be sold immediately for a long time. The death of alter White and associates created a void -I have some very blue, very pure product I ingest when I start to think about VELTI!!
the people who continue to pump VELT at this point are honorary members of idiots hall of fame. How many ways can this co fail until it becomes apparent to all?
correct sir! this big boy is on to bigger things - like a new series of all time lows! Call and ask original bluehorseshoe - he loves Anacott Steel (still!) but says that VELTI is dog waste - on a good day!
you are truly a great person - remind us often, lest we forget for even a momemt.
yes, main thing is to continue averaging down - that has been proven winner since sp was 20.