"be greedy when others are fearful"
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I'm get tired of it:)) we need news immediately
be patient:))
any link?
I've samething,
how is this related with ENIP?
why you are so surprised?
lost tracking, they disappeared or vanished:))
you will see what exactly?
how about 2.5
agreed
no resistance between 0.06 and 0.11
what is the target point wiith this?
let us know,
can you post the chart?
again, whats your benefits from this? If they loose or win? why do you care about Mr Santa?
even if its scam, why do you care? what's your goal?
I'm not rushing, as long as its worth to wait
just hoping pleasant journey:)
when we able to see exact result?
do you think, something come out soon?
volume heavy, but something something, always something
I will tell you what I'm expecting MR. I got it from bottom line, if I make 100% or more fair enough for me, and if you don't have this stock what is your goal on this board Mr. Wise man, why do you care about someone else money??????????
you're welcome
A judge on Thursday said creditors can vote on Velti Inc.'s (VELTF) liquidation plan, another step toward the mobile-advertising company closing its sale to Blackstone Group LP's (BX) credit unit.
Judge Peter J. Walsh of U.S. Bankruptcy Court in Wilmington Del., approved Velti's so-called disclosure statement, a plain-English version of a company's restructuring proposal, and scheduled a May 29 hearing to decide whether to approve the plan.
Blackstone's GSO Capital Partners, which bought Velti's $57.5 million top-ranking debt ahead of the company's Chapter 11 filing last year and later extended a $25 million bankruptcy loan, credit bid $40 million in addition to the assumption of other liabilities. GSO was the only bidder to appear at a court-ordered auction, and the sale was approved shortly after.
The purchased assets include Velti's U.S. mobile-marketing businesses and certain U.S.-based advertising units, along with some foreign holdings. Those businesses are continuing as normal throughout the sale process.
Velti's liquidation proposal creates a litigation trust for unsecured creditors, who can claw back all so-called preference payments---money paid to suppliers and trade creditors in the 90 days before a bankruptcy. Often the proceeds from such clawback suits are the only recoveries unsecured creditors will see from a liquidating business.
Of the $550,000 earmarked for the trust, about $300,000 would be distributed to unsecured creditors, while the rest would go to legal fees related to the trust. The unsecured creditors, owed nearly $6.8 million, will recover between three cents on the dollar up to 6.6 cents on the dollar, according to Velti's latest estimate. While Velti said that number could end up being "substantially higher," the company said in the filing that because of the uncertainty of litigation," there is no way to project a recovery and distribution of more than the $300,000" for the unsecured creditors.
Velti's bank debt had been in default for some time when GSO acquired it on Nov. 1, and the stock price had plummeted, reflections of the damage done to the business by "the rapid and continued deterioration of the Greek economy," according to Velti's bankruptcy court papers.
Shareholders sued Velti in August, after the company revealed its revenue had fallen nearly 47%, and announced plans to restructure. The shareholders accused the company and its executives of misleading investors about its financial affairs and hiding alleged problems with customers in Greece and Cyprus.
Stock that sold for as much as $13.73 per share in March 2012 was going for less than $2 per share a year later.
Velti filed for bankruptcy in November, putting the brakes on the shareholder litigation. Typically, bankruptcy spells the end of shareholder value, as creditors move to capture all assets, including the proceeds of director and officer liability insurance.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com)
got it thanks
any news? what happened all the sudden jump up
Can you send me UN web link, please
I can't advice, this stock market and nothing is certain. I'm holding my position, thats all.
I'm holding my shares too, Hopefully company get back on feet.
this information is related whoever has this stock before they filed bankcruptcy protection. and judge gonna decide may 29' 2014. Nothing to do with current shares.
what hunch?
hopefully, you are right. I don't want to loose my profit.
I believe this stock. Don't get me wrong. Just I can not see momentum at this point. It is not going up which tried couple times and fail up on the penny. so there is only one way left. Unless company support with certain information.
and also you can check my post from 4/28/14. I was talking about .0049,and it happened. Why not this time?
of course I'm gonna watch and learn, not going anywhere yet
heading right direction:)))all the way down
exactly, question is, what is the bottom line for this stock?
I pass this time, I can be wait 'till get the right moment,