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A little uptick today in the CDT share price after the quarterly report filing...
https://last10k.com/sec-filings/cdt/0001493152-23-042176.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=cdt
We are overdue news soon on VELA's PUT option which must come soon!
Even with CDT share price at US$1.39 that should add around £1M to the bottom line...
Despite some negativity on the board here at the moment value should out soon.....
GLA
Up 60% looking strong 💪long way to go but hopefully the tide has turned!
GLA
Well done Volvie👏 wish I'd been more switched on to buy the dip. Just out of interest what VPN are people using? I don't trust most wifi when I'm abroad and have been thinking about using VPN but not got around to subscribing to a particular service. Any recommendations appreciated 🙏
GLA
Leave some for me Volvie, I'll be buying more when I'm back home : )
GLA
To be honest CDT is just a bonus. VELA is already undervalued based on NAV without even taking into account the additional value added when the CDT PUT option is exercised. Took my own advice so currently sending this from Menorca whilst having a time out sampling a Turia Cerveza a new one on me but a decent drop, hang on best not mention a drop 🤣 Apologies got my holiday head on🤦♂️
GLA
To be fair Joe I think your the only one up at 03:34 so wouldn't expect a reply : )
CDT share price is been dropped on miniscule volume lots of 1 trades, algorithms still at work taking the price down, short term good for VELA ensuring we gain as many CDT shares as possible. RNS must come soon to confirm VELA have activated the PUT option the last RNS stated " Further to the announcement made by the Company on 21 September 2023, the board intends to exercise the option in due course, at the appropriate time" surely the appropriate time must have already come.
Shares on NASDAQ seem even more volatile than AIM! as I mentioned before I am also in TLSA and this has been as low as $0.60 and as high as $14.00 over the last few years.
We would appear to be seeing the last stages of the bear market play out so I think VELA's investments should be in a completely different position in 6-12 months time including CDT. I know that sounds like a lifetime for many AIM investors but for those with just a little patience this is still a great opportunity.
GLA
Nice article on ENSI over the weekend
https://www.thisismoney.co.uk/money/investing/article-12630383/MIDAS-SHARE-TIPS-UPDATE-Chip-maker-EnSilica-ringing-changes.html
Looking like a good investment
GLA
Just need a little patience here, we will soon find out how many shares the BOD have managed to secure, then just a waiting game until we see a recovery in the CDT share price, just remember "The stock market is a device for transferring money from the impatient to the patient."
GLA
Https://novuscomms.com/2023/10/10/vela-vela-technologies-investee-co-ensilica-production-tape-out-milestone-of-industrial-asic/
I am expecting Ensilca to make a strong recovery over the next few months
GLA
Volume on the Nasdaq can be massive if a company puts out good news, so no problem to sell part or all of VELA's holding on a "big News" day, the key is we do need CDT to put out some significant news hopefully in the next few months. I think CDT should see some recovery next week but after recent volatility could as easily be $2 as $20, at least it's not boring here at the moment!
GLA
Https://investingstrategy.co.uk/biotech/cizzle-shares-breaking-down-interim-results/
Worth a read
GLA
Good article that BigD to be honest sounds like the type of company VELA should invest in 😀
Https://www.globenewswire.com/news-release/2023/10/06/2756078/0/en/Presidio-Property-Trust-Announces-Closing
Link above to some info on Presidio, now owns a total of 4,015,250 shares of Conduit and warrants to purchase 709,000 shares of Conduit.
GLA
Hopefully we will get an RNS from VELA soon clarifying the details and confirmation that the PUT option has been excersised. Once we have some clarity then I think we will see some more upward momentum. In the meantime a great entry price, or to top up / average down, or load up your ISA for a longer term potentially big return, that's what I have been doing!
GLA
Spot on BD, might need a little patience or CDT could rocket back up either way I am happy that we will have 960,000 shares in CDT on the books with a tangable value associated to them, rather than the previous situation of the SGSC investment having an unknown value, which could not be priced in when assessing the fair value of VELA's investment portfolio.
To be fair the MURF price was $16.85 before been changed to CDT so not surprised they are not updating too quickly 😂
Joe that's just how things are on the Nasdaq at the moment a lot of companies using SPAC type listings are getting shorted upon listing, easy money for co-ordinated attacks often using algorithm programmes to take the price down. In a few weeks I am convinced CDT will be back to around the $10 mark however presents a great opportunity for VELA if our BOD can time the PUT option well, if we can get $4.8M worth of shares at $5 each that would be 960,000 shares in CTD, then top slice as the share price recovers.
Interesting... maybe some value in Mode (R8) yet?
I think the share price compliance is US$ 1.00. I am also interested in TLSA listed on the Nasdaq and this is currently trading at around US$ 0.66 but companies are given a certain amount of time to regain compliance
To be honest just winding up Traxpern as he posted a similar message on the VELA board today so thought I would return the favour! I am invested here and to be honest quite positive that long term CIZ is a good investment just worried that it's going to be a longer wait than I hoped. I'll sleep on it and see how things look in the morning.
GLA