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Exactly Dave, that is the question that needs answering but we will only find out the answer when we get the next quarterly update when they detail what shares they have sold to fund company costs.
I have been very consistent on this point that the BoD should have sold some CDT when it was increasing. even 100k shares at $5 would have yielded £400k which should fund the company for a year. Instead it looks like we will be selling existing investments at losses, meaning we are evermore dependent on CDT. It's a shambles and that's why no one is investing here.
What is Plan B if CDT remains
Are we still in with cornerstone?
Thank you for sharing!🙏
Another positive ( maybe not earth shattering) RNS from one of our investments. This time MTI Wireless.
In the boards defence there were quite a few posters on here telling us CDT is going to $10 after Xmas, maybe the BoD thought it would too.
I guess they didn't tell us when after Xmas!
We have seen how quickly things can change with CDT. The SP could easily and fly up or down in no time. The problem is if it does increase again will the clowns actually sell. Normally we watch our investments rise then watch them fall too all time lows and then they sell them too keep the lights on.
Its a combination of everything. The lack of comms from the BoD, the bad investments which they have watched go from highs all the way down to all time lows, the accidental investment in TSP, investing the last of the cash reserves meaning we have to sell some of the older investments at a substantial loss etc. We are valued over £2.5m below our investment value which would not be the case if the Market had trust in the BoD. Our CDT investment alone accounts for the MCap let alone the other investments totalling over £2.5m. Although what have the Board sold in the last quarter and this quarter, time will tell....
It sure is. Bad news Vela goes down, good news Vela goes down. Craziness.
Vela is damaged goods
The longer CDT stays low, the more shares that will be sold off at the lows to keep to lights on.
Typically VELA goes down when good news on one of its investments!
Webinar at 10AM
https://www.investormeetcompany.com/cornerstone-fs-plc/register-investor?utm_source=TWITTER&utm_medium=TWITTER&utm_campaign=CSFS
Good news on CODE, got hammered a little while back so coming good again - strong founder/ceo/mgt team and TR1s. There has been some buys/sell, I think holding is now 347,499.
£411k@130p…although it has been much higher
316,666 shares they have unless they have sold any
Just saw that ! This is a big VELA investment
I was looking at the cdt short interest.
I am confused about the free float, it says the free float (what the general public can trade) is about 420k shares?
The short position of CDT is around 130k shares. If this is correct then surely a short squeeze is on the cards?
Would be grateful for someone more financially educated than me to correct this.
Thankyou.
I think ciz is on BO
I do hope people start buying at this low price. Todays four buys so far total £16. I can never quite understand these tiny trades. More generally I sense we may be in for a quiet January here with little news beyond holdings updates. Let’s hope boredom does not affect any impatient holders.
Yes I agree. There is a community of shared investors and both companies were associated with Conduit and the AZ cast-offs. So you may have to forgive my occasional mention of CIZ.
Liquidity around 0.018 ,i would anticipate buyers to be in ,which imo would be double bottom of that price for reversal upwards ....lets see
Which way?
Expecting sm sort of reactions around here
https://invst.ly/12-yuv
Just wondering how "CIZ looking good" relates to VELA ? Do you now somthing I don't ?