The only news is the CMO leaving and that too is not confirmed as indicated earlier. The 30% drop has been on only 5 million shares ($1.5M in dollar terms) while 95 million shares traded above 34 cents. So, it is not high volume per se. From my conversation with IR (posted earlier), there is nothing sinister to account for such a drop. I think it was simply the stops below 33 cents being taken out and the CMO rumor was the excuse to take it below that support. I am holding till VELT turns profitable in 2014 (as re-iterated by Ross in the last call) and trades at a PE of 50+. So, it does not matter if it is 26 cents or 36 cents today though that is a significant fall in % terms. Think of it as a 1 year CD that you can't withdraw till Fall 2014 in the mean time and not concern yourself with the roller coaster on no news.
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