Velocity thread deleted. WHY ?????

Quote from Bernard111:

Anyone @ Velocity is able to explain this?

Let's check the latest CFTC stats about Velocity Futures and it appears the firm recouped a lot of new customers/funds to be segregated but there is very little excess net capital... is the firm running out of money to funds the business...?
http://www.cftc.gov/marketreports/financialdataforfcms/index.htm

-Bernard
More...

It's impossible to know what's happening without the financial statements. From the way the segregated funds have acted, I would hazard a guess that negative cash flow caused by loss of customers during the troubles a few months ago was funded in one way or the other by the liquidation of assets, and that's just now showing up on the balance sheet. With customer funds recovering strongly on the 10/31 report, probably the net capital figure will soon do so also. Just a guess, of course.
 
Quote from bumblebuzzard:

It's impossible to know what's happening without the financial statements. From the way the segregated funds have acted, I would hazard a guess that negative cash flow caused by loss of customers during the troubles a few months ago was funded in one way or the other by the liquidation of assets, and that's just now showing up on the balance sheet. With customer funds recovering strongly on the 10/31 report, probably the net capital figure will soon do so also. Just a guess, of course.
More...

You wrote:
>> probably the net capital figure will soon do so also.>>

$289,117...
 
Quote from Bernard111:

You wrote:
>> probably the net capital figure will soon do so also.>>

$289,117...
More...

Whoa....that's a bit disturbing.

The segregated funds also are off about $7 million, which indicates customers pulling out. For what reason, we don't know.

A firm that's had a problem that frightened customers would probably be well advised to let those customers know what's behind seemingly adverse numbers; otherwise, said customers are going to suspect trouble perhaps worse than it really is. Of course, you've been trying to get some response on E.T. Maybe Velocity doesn't pay much attention to E.T. I don't know.

All the "Don't knows" are the problem.
 
Quote from bumblebuzzard:



The segregated funds also are off about $7 million, which indicates customers pulling out. For what reason, we don't know.
More...

Yes -- they are off about 30% of their previous customer segregated funds while they are re-assuring people that their customer base is increasing...

Any explanation from VF, please?!
:confused:
 
You must log in or register to reply here.
Back
Top