here's the code, object should be in the next release any time now, just need Tim to help me compile a few things... https://github.com/porres/pd-else/blob/master/Code_source/Compiled/audio/velvet~.c

thanks again

So here's the fixed version: velvet-noise-fixed.pd

It wasn't just the issue with small floating point numbers, but more importantly it now didn't work with integer periods. In this case, of course, the period must never be reduced by one sample!