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I saw a sell go through for 32.5M shares so thought I would see if I could top up but just going to Negotited order on Halifax the only live price I could get was for 100,000 shares at 0.0199

I am shocked after the most recent SEC filing we have not seen more price action here this morning as the deal seems to have been more or less rubber stamped.

GLA

Joe I think that's self explanatory i.e "This disposal is in line with the strategic options for the Company as explained in the announcement of 22 May 2023"

See here https://www.voxmarkets.co.uk/rns/announcement/13086ff5-daa2-490e-b40e-606a648caebf

A decent 15M Uncrossing trade at 0.02, just checked with Halifax and can still buy at 0.0193 but can't be much stock left available under 0.02 now.

GLA

https://www.proactiveinvestors.co.uk/companies/news/1022018/****tail-maker-east-imperial-flies-on-deal-with-air-new-zealand-1022018.html

Truspine covered around 27mins into the podcast.

https://audioboom.com/posts/8339925-alan-green-talks-about-destiny-pharma-ecr-acuity-first-class-metals-truspine

GLA

Https://www.proactiveinvestors.co.uk/companies/news/1021477/cornerstone-fs-carves-forex-niche-through-serving-the-underserved-1021477.html?rel=scroll

It will move quick enough when the Put option is confirmed by RNS and as Joe says volume will be multiples of what we have seen today. Still cheap at 0.018 and as well as the Truspine news nice to to CSFS on the move as well : )

GLA

I'm 'm looking forward to the days when I'm £500k up on the last week : )

We should see a steady climb I think over the next few weeks in anticipation of the Put option been confirmed, then a near vertical line up on the charts when news is confimed and the crowd arrives to trade this.

Everything seems to be progressing nicely stateside so just a waiting game I think.

GLA - and welcome back Joe

At some point the market will turn and those brave enough to keep investing at these levels I think will do well. At the moment most boards on LSE are the same with the depressed market giving those with a negative spin on things fuel to keep posting endless negativity. If I look at my own investments over a broad range of different sectors non are doing particularly well, although certainly some improvment ovet the last few weeks. It always makes me chuckle when you get posters on here who always say they managed to time their exits perfectly and we should bow down to them as investing gurus : ) I think the spread of investments here makes this a lower risk investment and to be honest I do not expect every investment VELA make to be a winner, that is almost to be expected when investing in early stage businesses but what I do expect is that at least one or two investments turn out to be very successful and then, hope the VELA board do not sell out too early. I am cautiously optimistic that if and when we get the £4M this will allow the board to take a longer term view on investment decisions.

GLA

I suppose Volvie the question for you is do you think the company will do a placing as suggested by some? In my opinion they are more likely to liquidate some assets, however a company raising can never be ruled out. The risk is if you don't buy now then you will potentially be paying more once the Put option RNS drops. Personally I would rather take the risk and have the shares in hand but everyone views risk / reward differently but a few more shares and you would be at 325M which would be 2% of a company which is highly likely to have an additional £4M in the very near future....

GLA

How's the head this morning Joe? I think I would follow BD's advice and switch off a bit but be sure to not miss the Put option RNS as I don't want you to miss the chance to hit the sell button this time.

To reply to your question yes we do have some poor investments in mode, Truespine etc may as well sell them off and out the money in petty cash but the overall NAV of our inestments is still far more than our market cap at the current share price which is why I am haopy to keep accumalating. I'll probably sell a few when the Put option is confimred and leave my core holding in my ISA account for around 12 months and then re-evaluate how VELA's investments are performing against the market in general.

I am as optimistic that the Put option will be completed soon and with the MURF board giving guidance as below hopefully this wll easily be approved;

"After careful consideration, the MURF Board has determined that the business combination proposal, the charter amendment proposals, the advisory charter amendments proposals, the director election proposal, the incentive plan proposal, the Nasdaq proposal and the adjournment proposal are fair to and in the best interests of MURF and its stockholders and unanimously recommends that you vote or give instruction to vote “FOR” the business combination proposal, “FOR” each of the charter amendment proposals, “FOR” each of the advisory charter amendments proposals, “FOR” the election of all of the persons nominated by MURF’s management for election as directors, “FOR” the incentive plan proposal, “FOR” the Nasdaq proposal and “FOR” the adjournment proposal, if presented"

GLA

Hi Volvie in my opinion the share price at the moment is good value and I am still accumalting shares and now sitting over 100M with an average of just under 0.03 which I am comfortable with although obviously showing a paper loss at the moment. My plan is to add a few more until I have 1% of the company shares i.e 162,523,400. In my opinion the wider market is now showing the first green shoots of recovery and it won't take much for the market to switch from the "risk off" position we have seen for the last 600 or so days. The improvng market I think will see most ships rise and I believe a good few of Vela's investments could do very well over the next twelve months. The above I feel is a positive case to invest here and then throw in the 4M Put option into the equation and to me this makes the case for this been an excellent investment opportunity. No doubt Joe will be here in a monent to tell you what a steaming turd this share is but hey ho that my two penn'orth worth!

GLA

On the 23rd May it was announced that VELA would invest £250k in Tribe Technology Group and in the process this used most of the cash left in the bank leaving approx £50k which. as has been pointed out will not last long. This in my opinion gives the impression that the board is highly confident that the Conduit Put option will be completed soon as the investment was made shortly after the last RNS in relation to the Put option on the 15th May. That's my take on things anyhow so just waiting for the RNS to drop hopefully in the next few weeks.

Let's hope Joe dosn't throw himself under a bus in the meantime

GLA

If Vela need any additional working capital before we receive further news regarding the £4M put option then it would seem likely that they will simply sell a few ENSI shares or similar. If you have a portfolio which has some relatively liquid investments then raising some short term capital without a fundraise should not be difficult. Talk of administrators been appointed is nonsensical.

Experienced investor loading up.... hmmm news can't be far off, thought I had a few shares here now but 1,114,306,333 nice holding

Just wondering if we will see any buying ahead of the release of the quarterly update? It must be due for release soon and any decent buying ahead of this could be a good indication that everything is proressing as planned with the put option agreement for AZD1656 investment.

GLA

Once we have clarity on the Debt Raise in Q2 2023 then that should calm the markets, reading between the lines it sounds like a done deal but we will obviously have to see what terms have been agreed. In terms of sales, all things considered these are a good set of results and I would expect to see a strong increase in 2023 now Far East markets are open for business again. Freight costs have reduced from approx US$10,000 per 20' to more like US$ 1,000 so this will be a substantial cost saving during 2023. I can see the reason for the drop this morning but once clarity has been brought to the table regarding debt funding then I am optimistic that by the time the next trading update is released the company will look in a much stronger position.

GLA

A distinct possibility, 0.05 should be a given in the very near future.
I usually sign off GLA but not sure we need luck in this instance as the asset values will ultimately dictate the share price

Err - " Be careful out there" - credit to the Hill Street Blue's

Still very undervalued at 0.03, most of the penny flippers should be out soon and then hopefully we can move up to a valuation which better refects the value of investments which VELA holds.

GLA

Spurs performance much improved last night, let's hope BLU starts to follow suit

GLA