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Started: JoeyBloggs7, 26 Jun 2024 22:26
Last post: JoeyBloggs7, 26 Jun 2024 22:26
It’s a non-brainer.
Any one investment could reach this market cap but more especially Igraine.
Started: JoeyBloggs7, 26 Jun 2024 22:25
Last post: JoeyBloggs7, 26 Jun 2024 22:25
The flock to arrive 👀
Started: JoeyBloggs7, 26 Jun 2024 22:18
Last post: JoeyBloggs7, 26 Jun 2024 22:18
England winning the Cricket World Cup T20, the Football Euros and Vela seeing 0.05p again ?
Started: JoeyBloggs7, 26 Jun 2024 22:04
Last post: JoeyBloggs7, 26 Jun 2024 22:04
A flutter now at under a hundredth of a penny 😳
Started: JoeyBloggs7, 26 Jun 2024 22:02
Last post: JoeyBloggs7, 26 Jun 2024 22:02
Is currently well below £1m.
Imagine if a breakthrough news arrives and the mcap multiplies to x20.
That would make the CDT investment pretty much irrelevant!
Started: JoeyBloggs7, 26 Jun 2024 16:19
Last post: JoeyBloggs7, 26 Jun 2024 21:17
“Excalibur Medicines Limited
Igraine maintains a 2% equity interest in Excalibur Medicines Limited (EML)and has the rights to co-invest in all healthcare and life-science investment opportunities sourced or invested into by Excalibur Healthcare Services.
EML is a subsidiary of Excalibur Healthcare Services Ltd. EML has secured exclusive rights to and owns the patents on a drug, AZD1656, which is being developed as a potential therapeutic for diabetics. EML entered into an agreement with Saint George St Capital Limited (SGS) for the ownership of licenses of AZD 1656 and commercialisation rights to EML in return for funding the clinical trial and running costs of SGS. The funding agreement for AZD1656 covers the COVID-19 project and additional projects.
Under the agreement SGS Capital would benefit from 30% of the proceeds of any commercialisation of the drug after a preferential payment of £19.2million to EML. EML benefits from 70% of the ongoing proceeds.
The trial that concluded in 2022 showed that AZD1656 promoted the movement of T-reg cells to the point of disease to reduce inflammation successfully.
During the year a company called Conduit Pharmaceuticals Inc listed on the NASDAQ. Upon listing it was observed that Conduit made claims as to owning AZD1656, licensed in six indications including Covid-19. The Company is aware of a number of transactions made between SGS shareholders and Conduit Pharmaceuticals.
Together with Sir Professor Christopher Evans and Martin Walton of Excalibur Medicines Limited the Company is receiving advice as to how best to proceed, whilst maintaining numerous, encouraging, conversations on Igraine’s shareholding.”
Come on Igraine!
“We are also pleased to welcome a new significant shareholder to Igraine Plc. The support from our shareholders is invaluable, and we remain dedicated to delivering value to them.”
Show us the 💴
Igraine Accounts for last year published.
The section on EML is poorly written and not sure what they are exactly getting at. Is Igraine challenging AZD1656 ownership claims by CDT? May explain why EML/UKRI were not part of the CDT share option process. Is this the reason CDT SP is dropping? Could be interesting for Vela with a foot in both camps.
https://www.aquis.eu/stock-exchange/announcements/4675263
I’m sure Chris Cooke would want at least one rise to dump his holdings at twice the market rate no doubt.
Never say never. That's why I have not sold, 4 years of holding to sell at the bottom. Vela may still have its day. Its just the serious lack of anything from JN and BF that irks me the most, all whilst earning £5k each a month.
Started: JoeyBloggs7, 26 Jun 2024 14:26
Last post: THGambler, 26 Jun 2024 16:06
Exactly, i know this is sad but i had a bit of time and the BoD have really annoyed me, but from the end of the first quarter of 2024 to the 10th June, when we had the quarterly update there were 50 WORKING DAYS. Now lets say that each of the 8 companies that they meet with takes a day each (8 days total) and they take a whole day to dispose of the shares sold in ENSI we are left with 41 WORKING DAYS. We have no money to invest so we know they can't be looking at new investment potentials. so we have 8 working weeks of 3 Directors effectively doing nothing. There is absolutely no excuse for 1) the website to go a year without being updated (i know it is up to date ish now) and 2) they not be able to get the quarterly investment update out in a timely manner.
This is how imagine a working day goes at VELA:
JN (working from home): Morning Brent, much going on?
Brent: Yeah, i'm currently in a spa then have golf later
JN: No, i meant with VELA
Brent: No idea mate, thought you were looking after it?
JN: Not me mate, maybe that other director, um, whats her name, will have an idea
Brent: Is she still on the Board?
JN: I think so, lets have a coffee next week and discuss this further.
10th June wasn't it?
We won't hear a peep now until Sep/Oct
To the quarterly update for June whenever it turns up!
Started: Divvyup, 25 Jun 2024 11:16
Last post: JoeyBloggs7, 26 Jun 2024 13:23
Why’s that ? Is it because someone bought 20m shares earlier ??
This is ready to take off,its gonna fly. Cant explain it,just a feeling. Hold onto those golden tickets,)))))))))
It begs the question - why did Chris Cooke increase his holdings ?
The Tribe fundraise dilutes our holding but is possibly a good sign for that business and their technology. Very much trivia compared to CDT though. The situation is DIRE. The board needs a plan and a partner and funding quickly. They also need to BUY IN . No excuse not to at this price. Very very concerning.
Jeez, the investments the BoD have done are simply terrible. They absolutely need to go, even if CDT has some miracle turnaround and we can get our money back I wouldn't trust the BoD to invest it in anything. Unfortunately looks like we can all write off our investments in VELA as this is going nowhere
Started: JoeyBloggs7, 24 Jun 2024 19:48
Last post: JoeyBloggs7, 24 Jun 2024 19:54
Got better chance of winning money at Royal Ascot then with Vela Technologies! 🤣🤣🤣
CDT not following the Nasdaq script 😂
Started: AndyCompanyZ, 24 Jun 2024 08:28
Last post: JoeyBloggs7, 24 Jun 2024 19:23
You might as well sell up. It’s probably going to head further South!!!!
We need an RNS with some good news to get people interested. There's got to be some positive news on the horizon.
Come on board give suffering shareholders something to be happy about,:))))))
They should only consolidate the shares through some share buyback scheme. Clearly that’s not possible anymore with CDT value destroyed!
No. But for appearances sake they should consolidate the shares anyway (which may require a vote). Gets a bit ridiculous when share price has dropped below 100th of 1p, google finance and brokers can't really handle it and only serves to highlight the value destruction.
Be not "he"
Started: JoeyBloggs7, 21 Jun 2024 19:39
Last post: JoeyBloggs7, 21 Jun 2024 19:39
👍
Started: Inquisitive2, 20 Jun 2024 13:04
Last post: JoeyBloggs7, 21 Jun 2024 19:37
Couple of winners and each ways 👍 Back in Windsor to large it up 🎉
Got 6 11 and 17 in the first race!
Dude.... sorry to say but anyone STILL invested here only has themselves to blame.
Sell now and move on. VELA is a dog. I lost money here but moved on and made it back.
Bleurgh, there it goes, the all time low. Wonderful, thank you Vela.
@Bouncersdream: Thanks for the kind words. I do think you are correct. Maybe it is time to begin a count of holdings and see if there are a number of medium to large holders with similar views. Like others I’m sure, I cannot wait forever to take some value out of this share.
Started: JoeyBloggs7, 21 Jun 2024 13:33
Last post: JoeyBloggs7, 21 Jun 2024 13:33
A winner or two at the Royal Ascot races today 🤞 🐎
Started: Hogbog, 21 Jun 2024 09:38
Last post: Hogbog, 21 Jun 2024 09:38
@joebloggs
TSP is at the same price it was yesterday PM. The price dropped yesterday at about noon. Your broker probably still has yesterday’s info up as it is a v low volume share. Please save your hyperbole for the pub. I was trying to have a sensible conversation on here. Your regular posting of noise, hyperbole and carping or swearing about various boards is annoying. You do the same on Ciz where people are supporting a cancer care business and are fed up of daily effluent.
Started: JoeyBloggs7, 21 Jun 2024 08:54
Last post: JoeyBloggs7, 21 Jun 2024 08:54
Wonder why 🤔
Started: JoeyBloggs7, 21 Jun 2024 06:40
Last post: BigDave13, 21 Jun 2024 07:44
I would expect that "proposal to inject additional equity capital of up to £15 million" will result in massive dilution for current PIs.
I really doubt it. Anybody looking in can see the investments JN and BF have made in the last 4 years. For us and them it really does not make preety reading. Who would trust them with any amount of money on their Vela investment performance. I strongly suspect nobody would.
“· In May 2023 Vela's Board was approached by a third party with a proposal to inject additional equity capital of up to £15 million, which were on terms acceptable to the Board, and to amend the Company's investing policy so as to concentrate on the life sciences sector. Such a transaction would have been transformative for Vela. The Board accordingly expended considerable time and effort in pursuing this proposal; incurring costs in excess of £50,000 with its professional advisers. Unfortunately, despite numerous discussions and meetings spread over many months, the third party was unable to secure the minimum funds necessary to complete the proposed investment. Discussions were terminated in early January 2024. The intention of the Board is to settle £50,000 of costs incurred in relation to the aborted transaction through the issue of new ordinary shares in the Company in due course. The Company continues to appraise investment proposals in accordance with its current investing policy.”
Wonder if something’s being worked on currently ?
What does Chris Cooke think of the whole situation ? 🤔
Started: Hogbog, 20 Jun 2024 19:25
Last post: Hogbog, 20 Jun 2024 19:25
Main hope here is the the $28b or so in Russell 3000 tracker funds are, ahead of their crazy big reshuffle day next Friday, pressuring a very weak shares price to the absolute min for them to buy cheap in a weeks time. Beyond that slim hope it can only be sudden boredom or unhelpful rumour. A share more than halving in 4 weeks is incredible but it does seem correlated to the index news. Clutching at straws I know.
Started: JoeyBloggs7, 19 Jun 2024 21:49
Last post: Mekas, 20 Jun 2024 11:59
Agreed, feel best result would be selling the company (would happily trade vela shares for some IP group ones - they have enough in their treasury alone that would be a small dip for them) or failing that i'd take a MVL if we had a vote on it - sure some unlisted securities would be harder to shift but its better than what we currently seem to have. The vela ship feels a bit rudderless at the moment.
Is for the BoD to recognise that -
1) They’re out of their depths in managing Vela Technologies and its investments
2) There might be a buyer with ample cash willing to pay a good price for Vela - somebody who wouldn’t need to sell any assets under par price
3) The lack of their own investment in Vela and the above points is the reason for the market to remain subdued.
Started: Hogbog, 20 Jun 2024 10:01
Last post: BouncersDream, 20 Jun 2024 11:16
I'm so utterly, utterly bored of hearing that it's a great time to buy / bargain / so undervalued. I averaged down at .07, .06, .04, 0.02 etc etc and still it drops, and still the board don't communicate or have any money left to invest, and still the CDT price falls away... I nearly sold yesterday and again today just because it's clearly destined to drop sub-0.01 with the value of CDT dribbling away daily but I'm too stubborn, I'd lose 60% and I really don't want to do that.
One 50mil buy changes nothing (note, preceded by a good 46mil or so sold)
@Hogbog I thought buying at 0.012p was a bargain a few weeks back 🤦♂️ May need to top up on next pay day to bring average down.
Is Jimmy buying now ? Or Chris Cooke ? 😳
There will be more to follow at this bargain price.
Limit order I suspect
Started: JoeyBloggs7, 20 Jun 2024 09:09
Last post: 404x, 20 Jun 2024 10:02
Could just be based on information already out there, natural the CDT delisting notice and its share price halving in a month will continue to be reflected here.
Do they know something that we don’t ????
Started: JoeyBloggs7, 20 Jun 2024 08:48
Last post: JoeyBloggs7, 20 Jun 2024 08:53
Make that 0.0094p 😳
How long can this get ?
Started: JoeyBloggs7, 19 Jun 2024 07:20
Last post: JoeyBloggs7, 19 Jun 2024 20:23
The window of opportunity is diminishing as the BoD continue to sell assets under par value.
Nelson the dog: Well said. Change comes eventually.
Best pals & stablemates at good old Novus Comms
https://novuscomms.com/
Can Mr Miller also please buy off Vela ? 🙏
TSP Chairman Mr Miller is continuing to buy shares, another TR1 today. Maybe Vela should give him a call and do a deal.
Last post: JoeyBloggs7, 19 Jun 2024 00:53
How the hell are they still here ?
Exactly right.
And that is why the SP is where it is. The Directors are failing SH everyday they take a wage.
Despite its investment policy, it doesn't seem like VELA did any due diligence on TSP as documents at Companies House and the Admissions document beg many questions, not to forget the narratives weaved in to RNS'.
With a little effort, VELA should have learned enough to ditch this prospective TSP investment, yet it did not. Was this incompetence or worse? Certainly a failing in fiduciary duty to shareholders.
Add the muddle whether VELA were subscribing at all and Peterhouse running a mile...
Add the uncertainties over whether VELA subscribed in the placing and have warrants? Or bought on market without, seeing as VELA has never disclosed warrants in its financial statements, website or TR1s.
You can see why TSP tried to grab the £300k before investment was properly signed off. If that was not a red flag and yet they proceeded anyway. Probably time the BoD refreshed themselves with their own Investment Appraisal Policy that was posted here a few days back.
That's a bonkers read, imagine investing £300k in that shambles.
Oh, hang on....
CDT has lost half its value since it was in the 3’s.
What a DISASTER.
Looks like ( early and may be tempting fate) the CDT selling rush has abated a little for now. There can’t be many early holders left now and presumably sone new will come out about changed holdings eventually.
Started: JoeyBloggs7, 18 Jun 2024 17:03
Last post: JoeyBloggs7, 18 Jun 2024 18:51
In fact the whole of the small caps should be bought and delisted as it’s conning all the private investors!
If someone makes a bid they’d need to go with the highest price in the past 12 months (that’s 0.03p at least).
Fairs fair.
Just need someone to make an offer.
Be careful what you wish for. You’d lose your instant access to whatever investment you’ve made. Any ultimate share out of funds would be after all deductions to a myriad of advisors, brokers, lawyers and the like whose fees would make the boards salary or fees seem like pennies. With the SP at a low that is unlikely to be sustainable ( I.e. it will go up in time) staying listed is the best way for people to get money back. If you want out, just sell. Then at least you’d have your cash now ( rather than in 18 months after n deductions). DYOR.
I’ve already requested shareholders get their money back as the BoD have proved to be so incompetent.
What can you do apart from see your investment value go down ???