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0.011 to sell now 0.01p has an inevitability now, despite most investments being considerably up on year lows ( although of course mostly considerably down on initial buy ins)
Ironically our biggest investment, now held in CDT shares, is about even and worth way more than the mcap at this price .
Tempted to add more at 0.0125
I’m afraid my usual ( highly questionable) positivity is expiring rapidly. Aaaagh!
Truespine having a little bounce
I’ll have a rummage down the back of the sofa to see if I can find enough to buy this lot out.
Yep Mcap now £1.982m
Value of investments - circa £5.4m (although this will not be 100% accurate as they will have sold some investments since last update to pay for wages/costs)
And so we hit an all time low. Is there anyone here who can spin that? I just see my investment disappearing into the ether and no amount of averaging down is going to help.
Nice to see a few half decent buys today, though not reflected in the sp . Certainly more volume than usual, couple more of the mysterious 666 (10p) transactions too.
God time to buy. MWE.CSFS etc all way up on year lows, even if below initial investment levels. CDT investment also in profit over original investment.
Aside of course from almost get a £15m investment and getting a very good deal on the CDT purchase. The former sadly did not come off, the latter did and could ( could) still be transformative. It is a symptom of our collective disappointment that we focus on the directors pay and the chairman’s fees. Suspect no one bats an eyelid at the ( many times higher) salaries and fees at all other investment businesses. Hardly a serious concern. The cash position, constant frittering away of decent investments, the failure of the £15m deal, the lull in the CDT price ARE serious concerns.
Like others, next Monday I have a dilemma about averaging down or staying away. Jury’s out…..
I think it would be prudent if CDT spikes at some point to cash in the marketcap of vela! At least that would slow the rot.
Yeah they will be selling off from the existing portfolio to pay their wages. Not sure how anyone could say they are low (I know not you big dave) wages for what they actually do? We haven't invested in a company for nearly a year and they are just selling shares for losses to cover their wages. Add to that they spent £50k on effectively nothing!
It wasn't a £50k raise. Shares were issued to pay off a debt. No funds went to Vela. Which means they must be still selling down from the portfolio to pay their (low) Director fees.
Yeah I think around .013 was all time low previously, been bouncing off that for a few weeks but seems to have punctured it now. Makes it difficult to decide whether it's worth averaging down again, knowing as we do that this is actually undervalued (unlike most shares where people say it's undervalued, this genuinely is) or whether the sentiment is just so rotten that it'll struggle to ever properly recover in which case it's just good money after bad. As far as we know it's just a wait now for CDT to hopefully rise and the BoD to take the decision to cash some of them in. I don't think they've got the luxury of waiting until it's $10+, we know there's nothing in the coffers after they did that £50k raise tuther day
Down to 0.0125, must be near to all time lows now. even though we are in a better position (on paper) than we have been for a long time. Sentiment also at all time low.
Genuinely ‘BigDave’ they *really* are. I work in reward and know my salary stuff!! lol all you like.
...it has to cross the 21ema on the weekly first
A poss BO about to be playing out,last day close a high of 3.90 recorded ,5,72 is a poss chart shows clearly
https://invst.ly/147nsh
Lol!
CDT closes at three and a third so that’s ‘ok’. Volume steady and reasonable. With news it flies to $5, $8, $11 and higher. Still less than our max cap of $15 ( remember that?) and a long way below $25 top price ever made by CDT. Point being it could go *quite* high. At that point I hope we still own our block. Serious upside potential. Remaining positive. And to AndyCo on his directors wages comment, keep in mind they are pretty low as investment company comp goes. Tiny in fact.
Yes THG but they will wait until it drops below their buy price and then sell....who needs a profit when you've got Director's wages
Worth noting that even though we received the shares at $5, the investment in CDT is actually in profit. At $3.63 is circa £2.95m bearing in mind our outlay was £2.75m. Based on the BoD investments to date that could be considered a homerun!! It also means the investment in CDT is more than our Mcap.....
CDT's a volatile beast isn't it? Spike up towards $4 just now then drops back to where it was. Would be nice to see a steady increase there, seems like our only hope at the moment as long as the BoD decide to sell some at the right time
It’s clearly some sort of MM signal.
I’m tempted at 0.014 as CDT looking reasonably healthy at$3.59
Noticed this yesterday too - think there was a 666, a 6666 and even a 66666 yesterday! Very odd.
No doubt someone somewhere will tell us it's a clear 'buy' signal from the MMs and something incredible is about to drop.
I see a buy today for 666 shares...at the unholy price of 10p