Velti ad network users complaining of delinquent payments


More bad news for the mobile ad services firm: many app developers relying on Velti's (VELT +0.9%) Mobclix ad network are complaining about delinquent payments.

A Google search for "Mobclix payments" drives home the extent of developer frustration, as does a forum created to deal with such complaints.

The CEO of German developer Windfinder: "We contacted [Mobclix] and they made their last payment on Feb 6, 2013 for revenues generated until July 2012. They have not made any payments since then."

Velti, of course, has been dealing with its own collection issues.

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Comments (1)
  • etienne79
    , contributor
    Comments (60) | Send Message
     
    This is an old new and a well known situation, already evidenced in SA same pages by some users. I don't see the point of reporting it now and disagree with the opportunity and timing of this post.
    It's not "more bad news" but "same bad news", how many times should the share price be further damaged for the same facts?
    1 Aug 2013, 07:32 AM Reply Like
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