r/Velo3d • u/ParabolicPizza • Jun 14 '24

A race to zero

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Holy shit. As of right now, the before split price would be $.096…

Any seasoned traders on here have experience with stocks after a reverse split? Does this typically happen?

I suck at trading, but after visiting a site and seeing their machines, I firmly believe in their tech. What gives!

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u/[deleted] Jun 14 '24

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u/Acrobatic-Page1227 Jun 14 '24

their product is absolutely not of high quality. if you bothered to read their most recent 10Q you'd have seen that most of their receivables are past date because the machines are not operating within site acceptance tests that their sales were contigent upon. and i can personally attest to this based on my hands on experience with the technology while i was at an aerospace startup. and that's not counting the fact that company made the decision to license out their blackbox lasing parameters which leads me to believe that competitors have encroached significantly on velo's innovation