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Veltyco – shares slumping on “Update on receivables and operations”. Uh oh…

By Steve Moore | Thursday 22 November 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on Veltyco (VLTY), with the shares heading towards 50p in July, I concluded it was the developing receivables / cash flow position making the team uneasy that resulted in the HotStockRockets sell call and that the concerns remain - and the stance remains to avoid. Now an “Update on receivables and operations”

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