Member Info for BigDave13

Yes, I think there will a bigger reaction once a substantial purchase of 10 or 20 btc is made which will set up SP nicely for next raise. Maybe they were in the market overnight on the btc dip.

Https://x.com/ForzaBitcoin/status/1930918573368918096

Yep, good RNS and good to see SP react positively. Still some way to go to spend all the monies from the recent fundraises so hopefully more news next week.

Agree. It is now a week since the last purchase update. The 5 btc from previous raise pending plus the new insti money pending plus Retail money. RNS t'row please.

A further update will be provided once the remaining Bitcoin under this initial minimum commitment has been acquired, which is expected in the near term.

There was a lot of chatter from the team last week I think on the Spaces call of how difficult it was to convert institutions into investing in btc. SWC have blown that theory out of the water with todays raise. Seems like the demand is here and now, just need to get on with it. Start buying the btc and releasing updates to the market pronto. Will lead to improved SP and then go for a big raise at 12p+

The Placing of £2.5m was gross. Any idea of broker fees, wouldn't surprise me if that comes in at 10% (costing a few btc)?

At least some of the II funding appears to be sticky.

"We are very pleased, OAK raised all the money in the £2.5m placing and have put a leading UK small cap fund manager on the register."

https://x.com/JerryKeen192870/status/1929105013810385091

HL Retail Offer details now confirmed. I received an allocation of 48.6%.

Time to move fast now. BTC off 5% from recent highs and GBP at strongest since Sept 24. The more funds raised now means more BTC for same effort. Just topped up a little whilst also waiting for my (reduced) WRAP allocation, under 7p. Nice!

Here is a good BTC holding summary. 3.38m BTC in Treasuries across 214 Entities. Existing & New entrants will be soaking up available BTC at increasing rates going forwards.

https://bitcointreasuries.net/

@Xerxes300 has a good summary with estimate of 28.5p based on potential 55btc after these raises. COIN should start purchasing this BTC rapidly over next couple of weeks and making multiple updates to alert the market as they progress. Should help boost SP and then maybe another similar size fundraise mid June at 12p+, could take BTC hodl to >100 btc by end of June and who knows where SP will be then. Exciting times ahead.

Yep, that is pre Placing and Retail as those shares not yet issued.

Add 41m Placing brings you to 324.7m as per Placing RNS

https://www.lse.co.uk/rns/COIN.PL/coinsilium-group-limited-placing-to-raise-16325-million-launch-of-wrap-retail-offer-pp9gv90lfe01jt5.html

Then add Retail 12.5m min adds to 336m.

Agree it is still a good potential SP compared to SWC metrics

The potential SP/share SWC comparison below seems a little out of sync. The Placing RNS states shares in issue are 324,782,590 with the Wrap offer yet to be added.

The question was quite specific and I think it was a fair response based on recent years activities. The ask was not to opine on the future prospects under new management :-)

Years of Incompetence, poor management, bad investments, high director fees - it's a long list!

Resulting in depressed share price & meaning billions of shares required to be issued to raise sufficient funds to keep the lights on.

67bn now but with options and warrants, heading towards >100bn+

Hey Jimmy, couldn't help my self!!

The warrant holder has to pay the exercise price to convert it into a share. They don't get a free share once the share price hits that level.

The options are a little different but the holders still have to pay the strike price, in this case 0.0025.

2 shares @ 0.0025 = 0.005 + 1 warrant @ 0.0075 = 3 shares bought for total cost of 0.0125. Average share therefore costs 0.004167. This seems logical to me as the average price is in between the placing price and the warrant price and slightly weighted at the lower end.

The threshold was crossed back on 06/01/2025. Probably just some housekeeping from the new CH Directors. No indication of additional sells since, more likely reason was for Vela to top up their cash balances at the time.

Some good info in the Circular. If McColl exercises options he could own ~29% . No doubt he is a man with a plan. Specialist lending has been identified in the investment policy which ties in nicely with https://www.albacoltd.co.uk/

James McColl has agreed to neither accrue, nor be paid, a salary as an Executive Director.

https://velatechplc.com/wp-content/uploads/2025/03/270519-Vela-Technologies-Circular-WEB.pdf

Vela has reached the point of no return already. Need to fund £150-450k for Igraine and another £400k for Director Fees/Other over next 2 years. Liquid assets are constantly being sold off, meaning less chance of survival. Start voluntary admin proceedings now!