Velti Plc (VELTF)

[PJ26PJ]

I'm failing to find any news or any relevant backing as to why the stock has completely tanked and continues to fall over the past 2-3 days. There's too many shares changing hands for it to be any insider trading info, but I'm completely at a loss as for the reason for the 20+% nosedive. A CMO leaving certainly shouldn't equate to a 20% drop in a company's overall valuation... Are some of the hedgefunds totally bailing on the stock and just cutting loses?

You guys have any ideas that might make any logical sense?