You're right, this stock is a Las Vegas stock. It's ran by the quiet one from the Penn and Teller act. The guy who never says a word. That is this stock to a T.
I think it is risky to chase this turd. They haven't said a word to any of us in nearly 2 years. IMO, you are just throwing good money after bad if you buy at the current price. There could be a DCB, but the odds of it happening are very slim. Good luck in whatever you decide.
Yeah, I would try to salvage something. Like you said, $3k is still $3k. (I finally sold my measly 4000 shares the other day at .0094.) Once these turds fall under a penny it's just a matter of time before they start to free fall. I was really surprised VELTF was able to hang on as long as it did. Best of luck to ya.
If there was any truth to the rumor then there would have been an official offer made. Most of the time these 'buy out' rumors are just that...rumors. My guess is there won't be any buyout.
Okay, so based on the current yearly high, which is $4.38, you are predicting ARR in a few months will be trading at $35 post split....($4.38 x 8 = $35.04) Is that what you are saying? That would be sweet, but I just don't see that happening. I think ARR will more than likely follow in the same footsteps as CIM. I hope I am wrong.
I said the same thing nearly 3 years ago. Apparently, the rules in Ireland and not enforced over here in the States. I would chalk this one up as a learning experience.
It's a shame it took you nearly 3 years to finally realize Alex is a POS. I tried warning you and this board many times on the dangers of owning this stock. This stock along with quite a few of its competitors(HIPPQ,MM,FUEL) are still a gamble. I just hope you and hlin were able to recoup some of your losses in VELT with some other stocks. Take care Ed.
I don't doubt what Steve Wynn is saying. However, he surely isn't helping matters any with opening another gambling resort.
You can't claim its a fact until it has happened. Speaking of which, the poster who started this thread could be held liable for claiming that they have already filed for BK.
Looks like they are headed in the opposite direction. They came in at half on revenues(63m) and twice the net loss(.09)
" On a per-share basis, the Baltimore-based company said it had a loss of 14 cents. Losses, adjusted for amortization costs and stock option expense, came to 9 cents per share.
The mobile advertising company posted revenue of $63.2 million in the period."
This company never fails to disappoint.
Stop trying to scare people. They didn't declare BK. Here is what they said,
'Walter Energy Inc., an unprofitable U.S. coal miner, said there’s “substantial doubt” about its ability to continue as a going concern and raised the possibility of a bankruptcy filing amid low prices and a high level of debt."