Prior to Sarbanes-Oxley, VELT may well have issued a press release saying that BK was off the table. However, in the current environment, company management is reluctant to venture any sort of opinion that could conceivavly be used against them at a later date.
Sometimes, it seems lawyers run Wall Street. Look at all the "shareholder rights" firms who are circiling around VELT based upon the company's perceived failure to disclose everything that was wrong with collection of old Greek and Cypriat DSO's. No corporate executive wants to interject himself into nonsense like this.
As Jack might say, "Truth? This market can't handle the truth."
The bar for VELT is so very, very, low. For the stock price to double, and double again, and double for a third time, all VELT has to do is stay in business. As you note, by just conveying that they are a going concern, VELT is up almost 10% today. Just wait until VELT actually has some good news to report.
My experience is that it takes far more time to restore calm than it does to induce panic.
VELT (the stock) has lost over 95% of its value over the past year. VELT (the company) is far better manged today under Ross and Baker than it was one year ago. At some point, the market will notice the huge disconnect between the decline of VELT's shareprice and the intrinsic value of the company. Until that happens, VELT is an incredible value. VELT will reward patient investors..
At present, many investors seem too scared to pull the trigger on VELT. I suspect that one of two events will change this mindset. VELT will either find a buyer for Mobclix within the next several months, or November will come and go, and VELT will still be in business. Either contingency should result in a rapid recovery of the share price.