Dollar Weakness Masked By Gold Rout [View article]
You can't eat gold. Life has to go on and disguised and controlled inflation is the only answer to bring down unmanageable debt without a revolution. This is the lesson Germany won't learn!
Dollar Weakness Masked By Gold Rout [View article]
You are correct in the long term that the inflation caused by the Fed will weaken the $ (so as to usefully repay debts/ pensions/ welfare at half price) and so in turn strenghthen gold. But thats in the future.
Right now the Fed is still fighting the last of the fire of the banking/credit collapse and their object is not to let it burst out somewhere again until inflation has done its trick in the next few years and debts everywhere are effectively halved. There is no other solution, for as Keynes so aptly said "in the long run we are dead" and so we only solve problems for ourselves and let the next generation solve theirs, as has happened to us. In 1900 1 cent was worth $1.00 today. What more do you need to know?
Dollar Weakness Masked By Gold Rout [View article]
This is a simple and accurate and observation of what is happening with gold and the $. Inflation is the only real answer to reduce government debts and future obligations to a manageable size and is the policy essentially pursued by the Fed now for the last two years. Keeping gold down in price successfuly disguises the fall in the $ and so the shocks of the past few weeks have been brought about to scare away the speculative longs for good, but will not divert the governments of China and those who realise that a $ collapse is inevitable in the course of the next few years.
How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
What you say re the State causing the cash for expenditure is correct, and has been going on increasingly for years as the State takes a bigger hand over and above private enterprise, but either way the result is the same for company profits, and so supports pensions (at least on the surface). The reality is that the solution to over-borrowing by the State, which is largely how it pays for its actions, is always provided by inflation which is paid for by reduction in people's savings and the poorer off with lower comparable wages, in that the State effectively pays back its debts at much reduced cost. In the UK £1.00 will now only buy what 1p (one penny) bought in 1900 and 6p in 1940. Like it or not inflation is the natural law in the abcense of economists providing an answer and which politicians try to avoid discussing. Keyne's remark that in the long run we are all dead was his way to say this, for as people die new generations come along that start all over endeavouring to understand the smoke and mirrors of economics which have no further import to those who are dead. A good example is the DOW 100 which constantly changes its constituent companies so that any that are not looking good are disqualified and replace by those who look as if they are going places, with the consequent totally false effect of believing stock markets continually rise over long periods, which they don't. In short life is a percentage game for all in which some stay on the upside of 50% and others don't. The importance to survival of nations or people is to realise this and that are no perfect formulas, and in general economics are only any good if those who practise it are good poker players.
ATAC Week In Review - May 19, 2013: Dollar Dilemma And Anomalies [View article]
The old idiom of stock markets was that they were ruled by greed and fear, but in reality it is always weight of money that rules. Right now there is a mass of money printed by the Fed in the hands of the banks looking for a home and so with interest rates at all time lows and wage demands low also equities look a better bet than bonds. Simple really, just follow the money.
The sooner Moukass is gone the better since nobody can believe a word he says after years of false promises followed by endless disaster. Shareholders need a new CEO now with a new broom to sweep away all the management who led this company nearly to the grave. Moukass should be put in charge of seeing if he can get any money back from his Greek pals who he sold off parts of Velti business to last year so cheaply, and be compensated by getting 5% of the results, if any.
In tandem with its Q1 report, Velti (VELT) announces director and former Johnson & Johnson/Intuit exec Mari Baker is its new COO. Presumably this means former COO Chris Kaskavelis is out. Velti expects Q2 revenue of $42M-$45M, below a $55.2M consensus. No formal 2013 revenue guidance is given, though the company does state revenue "is expected to come in lower than original mid-point guidance of $267.5 million." Velti had $16.3M in cash at the end of Q1, down from $36.6M at the end of Q4; positive 2013 adjusted EBITDA is promised. Over 20% of the workforce has been cut (previous). VELT now -5% AH. (PR) [View news story]
Welcome news that shareholders have got a new COO as well as a new CFO. When Moukass, the CEO, is gone we might start to feel we can hear the truth. He should be replaced asap and any share sales he tries to make should be blocked on the basis his past actions may have been fraudulent. It would be too much to hope he may re-invest his ill gotten gains from selling his shares in the IPO at $15 on a false prospectus. These latest figures hopefully are the last of the utterly miserable performance of this company and give some hope that the clean up has taken place and there may be something to look forward to than the previous dread of hearing any news from Velti.
Velti (VELT -2.9%) files an F-3 to sell 16.5M shares on behalf of insiders. The filing comes with shares of the mobile ad agency down 56% YTD, and down 81% over the last 12 months. (Q1/2013 guidance) Update: As commenter James Sands points out, the shares will be sold by accredited investors who recently purchased them from Velti at $1.50/share (25% below Velti's current price) through a private placement. [View news story]
This is good news for investors since the institutions who invested only a few weeks ago will want to see a good profit if and when they sell, and so will want the shares well above $2.00, if not nearer $3.00.
There is news due out shortly and they are filing to be able to sell on the back of it (if they want to since they are otherwise restricted). I would very much doubt of these investors bought into the stock in such a large amount without being clear that they would be likely to profit substantially, especially after Velti's past record of over optimistic forecasts.
3 Reasons Why Vodafone Is A Better Buy Than Verizon [View article]
With a bit of luck Vodafone may give any money from Verizon to their shareholders. Since the management have plenty of shares it could well be attractive to them. That said there are vast areas of the fast growing online content area that Vodafone could buy into and no phone company will succeed in future without a mix of long term content (such as sporting event rights) to make their expensive data broadband investments pay.
Markets Rally On Terrible News - Is Abenomics Going Global? [View article]
Value of 1p in 1900 same now as £1.00. Value of 6p in 1950 now same as £1.00. Value of good middle income job in 1960: £20 a week to keep a whole family with wife working at home. The truth is that regardless of all our cars and TV sets and mobiles we are all far worse off now than we were 50 years ago.
All debts should agreed to be halved or if not then reneged on, and the world need start afresh. If this screws bankers then all to the good. They produce nothing but trouble. Those nations that have accumulated vast surpluses have done so by creating deliberate imbalances in trade and so must suffer for it. This includes China and Germany. Everyone need start anew with their own currencies, linked to a new world currency. Could be Gold. Or it could be Bitcoins. If this is not done we are all done for, and thats exactly why it will happen.
Velti (VELT -8.2%) falls in early trading after announcing a 16.5M share offering to institutional investors at $1.50. Proceeds ($24.8M) will go towards paying "certain deferred acquisition considerations" related to the company's 2012 acquisition of MIG. [View news story]
It was not made clear the company would raise new equity. In fact it had been denied only weeks previously by the Company. Other matters for concern are that the company subsidiary Mobclix has not been paying developers who are reportedly leaving Mobclix in droves. So it is not just a matter of paying for businesses that are no good, or paying overdue creditors, or collecting bad debts, but of regaining lost business. I am amazed anyone wants to do business with Velti but perhaps its because of their policy of entering into unprofitable commercial arrangements that makes them so attractive to its trade clients.
I owned a department store once where beds sold amazing well until we costed the floor footage and delivery costs and realised we were selling every bed at a huge loss. Mr Ross has only recently said the internal accounting of Velti was out of order, and until he can say he has starightened it out to shareholders rather than giving priority information to new investors how are existing shareholders going to know whether to support the company or not. A positive statement is required to the owners of Velti who have supported it throughout this debacle, before leaking information to outsiders which has been the hallmark of this company and made many short sellers very rich. Not the endless mistatements and avoidance of genuine shareholders or glossing over the facts they have been given for years now from the idiot or fraudulent CEO. Probably both, but difficult to tell which! Sack him for heavens's sake and get someone in who knows the duties of running a listed company. Then we might see some action in the share price.
Velti (VELT -8.2%) falls in early trading after announcing a 16.5M share offering to institutional investors at $1.50. Proceeds ($24.8M) will go towards paying "certain deferred acquisition considerations" related to the company's 2012 acquisition of MIG. [View news story]
As usual yet another lie exposed from the Velti CEO who as recently as a few weeks ago that there was no need for additional finance.
Moukas clearly has not the faintest idea how to run a listed company. He has lost his investors $100's of millions with his false statements over the past few years. It will interesting to see if he will now re-invest all or any of the of tens of $millions he and his family got from the IPO at $15.00 to give some confidence back to those investors who have supported him for the last few miserable years of this company and have lost 90% of their money or more.
The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret. [View news story]
Just shows the Fed and its allies are still pushing stocks up but the little guys have run what with commodities down the pan. Its much too scary for most.
Dollar Weakness Masked By Gold Rout [View article]
Dollar Weakness Masked By Gold Rout [View article]
Right now the Fed is still fighting the last of the fire of the banking/credit collapse and their object is not to let it burst out somewhere again until inflation has done its trick in the next few years and debts everywhere are effectively halved. There is no other solution, for as Keynes so aptly said "in the long run we are dead" and so we only solve problems for ourselves and let the next generation solve theirs, as has happened to us. In 1900 1 cent was worth $1.00 today. What more do you need to know?
Dollar Weakness Masked By Gold Rout [View article]
Keeping gold down in price successfuly disguises the fall in the $ and so the shocks of the past few weeks have been brought about to scare away the speculative longs for good, but will not divert the governments of China and those who realise that a $ collapse is inevitable in the course of the next few years.
How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
and has been going on increasingly for years as the State takes a bigger hand over and above private enterprise, but either way the result is the same for company profits, and so supports pensions (at least on the surface).
The reality is that the solution to over-borrowing by the State, which is largely how it pays for its actions, is always provided by inflation which is paid for by reduction in people's savings and the poorer off with lower comparable wages, in that the State effectively pays back its debts at much reduced cost.
In the UK £1.00 will now only buy what 1p (one penny) bought in 1900 and 6p in 1940. Like it or not inflation is the natural law in the abcense of economists providing an answer and which politicians try to avoid discussing. Keyne's remark that in the long run we are all dead was his way to say this, for as people die new generations come along that start all over endeavouring to understand the smoke and mirrors of economics which have no further import to those who are dead. A good example is the DOW 100 which constantly changes its constituent companies so that any that are not looking good are disqualified and replace by those who look as if they are going places, with the consequent totally false effect of believing stock markets continually rise over long periods, which they don't. In short life is a percentage game for all in which some stay on the upside of 50% and others don't. The importance to survival of nations or people is to realise this and that are no perfect formulas,
and in general economics are only any good if those who practise it are good poker players.
ATAC Week In Review - May 19, 2013: Dollar Dilemma And Anomalies [View article]
Right now there is a mass of money printed by the Fed in the hands of the banks looking for a home and so with interest rates at all time lows and wage demands low also equities look a better bet than bonds. Simple really, just follow the money.
Velti Plc Management Discusses Q1 2013 Results - Earnings Call Transcript [View article]
In tandem with its Q1 report, Velti (VELT) announces director and former Johnson & Johnson/Intuit exec Mari Baker is its new COO. Presumably this means former COO Chris Kaskavelis is out. Velti expects Q2 revenue of $42M-$45M, below a $55.2M consensus. No formal 2013 revenue guidance is given, though the company does state revenue "is expected to come in lower than original mid-point guidance of $267.5 million." Velti had $16.3M in cash at the end of Q1, down from $36.6M at the end of Q4; positive 2013 adjusted EBITDA is promised. Over 20% of the workforce has been cut (previous). VELT now -5% AH. (PR) [View news story]
These latest figures hopefully are the last of the utterly miserable performance of this company and give some hope that the clean up has taken place and there may be something to look forward to than the previous dread of hearing any news from Velti.
Velti (VELT -2.9%) files an F-3 to sell 16.5M shares on behalf of insiders. The filing comes with shares of the mobile ad agency down 56% YTD, and down 81% over the last 12 months. (Q1/2013 guidance) Update: As commenter James Sands points out, the shares will be sold by accredited investors who recently purchased them from Velti at $1.50/share (25% below Velti's current price) through a private placement. [View news story]
There is news due out shortly and they are filing to be able to sell on the back of it (if they want to since they are otherwise restricted).
I would very much doubt of these investors bought into the stock in such a large amount without being clear that they would be likely to profit substantially, especially after Velti's past record of over optimistic forecasts.
3 Reasons Why Vodafone Is A Better Buy Than Verizon [View article]
Markets Rally On Terrible News - Is Abenomics Going Global? [View article]
The truth is that regardless of all our cars and TV sets and mobiles we are all far worse off now than we were 50 years ago.
Japan Steps Into The Void [View article]
They produce nothing but trouble. Those nations that have accumulated vast surpluses have done so by creating deliberate imbalances in trade and so must suffer for it. This includes China and Germany. Everyone need start anew with their own currencies, linked to a new world currency. Could be Gold. Or it could be Bitcoins. If this is not done we are all done for, and thats exactly why it will happen.
Velti (VELT -8.2%) falls in early trading after announcing a 16.5M share offering to institutional investors at $1.50. Proceeds ($24.8M) will go towards paying "certain deferred acquisition considerations" related to the company's 2012 acquisition of MIG. [View news story]
I am amazed anyone wants to do business with Velti but perhaps its because of their policy of entering into unprofitable commercial arrangements that makes them so attractive to its trade clients.
I owned a department store once where beds sold amazing well until we costed the floor footage and delivery costs and realised we were selling every bed at a huge loss. Mr Ross has only recently said the internal accounting of Velti was out of order, and until he can say he has starightened it out to shareholders rather than giving priority information to new investors how are existing shareholders going to know whether to support the company or not. A positive statement is required to the owners of Velti who have supported it throughout this debacle, before leaking information to outsiders which has been the hallmark of this company and made many short sellers very rich.
Not the endless mistatements and avoidance of genuine shareholders or glossing over the facts they have been given for years now from the idiot or fraudulent CEO. Probably both, but difficult to tell which! Sack him for heavens's sake and get someone in who knows the duties of running a listed company. Then we might see some action in the share price.
Velti (VELT -8.2%) falls in early trading after announcing a 16.5M share offering to institutional investors at $1.50. Proceeds ($24.8M) will go towards paying "certain deferred acquisition considerations" related to the company's 2012 acquisition of MIG. [View news story]
Moukas clearly has not the faintest idea how to run a listed company. He has lost his investors $100's of millions with his false statements over the past few years.
It will interesting to see if he will now re-invest all or any of the of tens of $millions he and his family got from the IPO at $15.00 to give some confidence back to those investors who have supported him for the last few miserable years of this company and have lost 90% of their money or more.
5 Reasons Why I Am Shorting The Market [View article]
The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret. [View news story]
Its much too scary for most.