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Iām out in the morning
Increasing holding in VELA
How"s your charts looking MSUK? Breakout?
CDT doing well today good long term but obviously increases the average share price. Time to exercise the PUT option?
Joe I think you must have bought just before the 24M Buy which has pushed the price up so good timing!
0.0243 to buy now could we finish Blue???
Just noticed another buy gone through for just over 24M at 0.024 not me this time
CDT on the move now $6.55, slow down ha ha
Looks like with LTDAxis post we are all reading this the sane. Just topped up another 7.5M as well : )
Hi peakdist I don't think it resets just that any calcuations would be based on US$ 5 as the lowest amount even if the price was say $4.50 on some days. At some point we shpuld receive an RNS to confirm that the PUT option has been excersicised like CIZ did this morning. Snowdrop I see you have just messaged similar
Trading at $5.83 up from the lows of pre-market
THG this does have the potential to play out well for us, already it seems we have played this better than CIZ by not triggering the PUT option yet, which with the decline in the CDT price is the correct play. I know Brent Fitzpatrick and James Normand get plenty of stick on here but they have been round the block once or twice and that experience could pay dividends here. Not quite an open goal but definetly a decent chance of a big pay day for VELA
Stock is available again but price to buy is back to 0.024 well done to those that managed to buy on the dip
GLA
Trying to buy but can't buy in any sort of volume at the moment anything over 4M shares and it goes to negotiated order. Anyone going to give the MM a few more shares ?
Yes agree Andy but completly possible this could happen, what is for sure is VELA will get a lot of shares in CDT which they can sell at some point for the market price at the time be that US$5 $10 $20 all of whuch we have seen MURF / CDT trading at recently.
So we now know that "Cizzle exercised its Option on 26 September 2023 and once this has been settled, the Company is expected to hold 395,460 shares in the NASDAQ listed business"
I expect that VELA can achieve a lot more shares for their US$4.8M, with the current pre market price of CDT around US$4.50 could we get a volume-weighted average price closer to the lowest possible of US$ 5 giving us 960,000 shares in CDT. Hopefully we can then wait for the share price to recover and sell at say US$10 + giving us a return of around US$10 million!
GLA
Cornerstone on the move again now showing 18.5 up another 10% on google finance.
BD talking a lot of sense this morning š
Let's hope for a 500% rise so you can get your money back š
GLA
Looks like we are back to buys been shown as sells again : )
Completly agree with this comment BD, I am hoping our BOD of VELA can play this right and if they do then the returns could be massive. Pharma stocks on Nasdaq can be very volitile as we have seen which makes them a raders dream. I think for the CIZ board they just want their money out to fund developments of their products but on the other hand I think our BOD are seeing this as a great trading opportunity if they can time entry and exit points well!
GLA