We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I was there defending you pal, back in 2020..........
Remember, over 70% of Retail Traders Lose......
Seems a lot of them were in here.
All the best to you.
I'm voting against it just to take a swing at the company going into administration, at least the pr1ks running the company now will be out of a job as well. It is absolutely infuriating that they keep going when the shareholders get burned.
Jeez this feels a proper hatchet job really.
Look whose queuing up, Genzero who are part of this were founded by temasek…I mean temasek is huge, $40mn is a rounding error they are like $400bn aum!
Don’t really get how a company like this which “could” be game changing in the U.K. is being allowed to just shift off into private hands where no qs asked and now effectively part of the Singapore govt.
I’d imagine our fuel bill for the RAF alone is more than this investment!
I agree let’s vote against this - given the facts there should be a placement to give investors a chance to come up with funds to prolong. Vote in a new board, give firm a longer runway to get new investment in. There should be a conference addressing the investors and an opportunity to answer our questions
Garonne. YES, agreed. Let's vote against if we are allowed to vote at all. These directors have been corrupted . They have secured their payments and possible brown envelopes.
Well, I assume we can vote to reject this takeover. I mean why should we endorse the company going private for not even pennies? I'd rather it goes bust so that the scheming directors don't get anything either or as little as possible. Isn't it wonderful how suddenly there's money available to invest! It stinks to high heaven.
Easy to say now but explains why there was such a lack of purchases from the Directors. Something I shall look out for in future.
Rainman7 - These directors have not been been open. They have filled their pockets.
No not ethical at all. AIM = The Wildwest
So those that hopefuly still have money to put to work what green stuff you looking at. I've started buying Gevo and have some Aemetis but want some UK ones. Quadrise? Or am I looking at another Velocys there?
I guess this is goodbye. I saw this coming 6 years ago. I hope those that took my comments seriously got out when they did. For those who thought I was being too negative, I wish you well.
Thanks for the info spot. So as at June 30th 2023 share capital was £16.5m + share prem £224m from equity investment which involved patents, securing land in both US and Uk, other tech advances, and other stuff and now some company can come in and buy it all for £4m. Doesn’t feel ethical at all.
Maddison bidco A newly formed company, will pay £4.1 million for Velocys
Giving us .25p / share
Not bad for a company that floated at almost £2 a share in 2006
I take no pleasure in reaffirming my previous message.
I have lost a considerable stake in Velocys.
Yet again the peasants have paid the elite. Helping them become even more wealthy at our expense.
We will get your company of the ground and you ditch us when the money is about to take off...
Not for the first time this year for me re: Deepmatter
Same story !
Aim - Britain at its extremely dubious but legal best.
Rainman7 - I'm not sure what happens to your shares if you say no but it goes ahead. It goes private so no tradeable price as will not be quoted. If offer not taken up looks like insolvency and as for a placing they didn't raise what they wanted last time and this time around it would be a supermassive dilution to get the money required.
Charliesmith - No. It's going private if the offer is taken up.
"It is the view of Bidco that the longer-term interests of Velocys and its employees therefore are best served away from the public markets. Bidco believes that Velocys is best positioned to succeed as a private company, with the current management team, and with an injection of growth capital from a consortium of long-term investors who have the requisite experience in supporting industrial companies as they seek to fully realise their potential"
So if 75% is reached we are forced to sell at .25p? However if not what is next? What would be issue with offering a placement? Clearly it’s worth more then .25p if the consortium is will to pump in an extra $40 plus bridge.
I always thought an oil company would buy Velocys out for the credibility.
Will it still trade as vls on the lse?
this doesnt deserve any good luck its been a **** show, fact is there were huge cleantech raises and not 1 funder was interested in this board at all.
It's a fresh start for them. Good luck Velocys, it looks like we part ways here... you were my biggest trading loss yet.
Massive news! Company saved and worth far more than .25p offer as significant further investments values the company at multiples of this
So looks like they need 75% or more of shsreholders approval for the 0.25p take over. But will be providing on going cash around £31.5 million and a bridging loan if approved. Bizarre how the board have all said yes......oh yeah keeps them in jobs.
In the final month of VLS's existence on the stock market, who's still holding?
Thanks. I thought it might be but wasn't too sure.