Member Info for BigDave13

*Excalibur

As part of the License Agreement, AstraZeneca will be issued shares of common stock in Conduit,

What about Igraine claim to the patents?

Is this Boom or no?

Pre market seems to like it - will it hold though?

Those 2 * 10m trades are ~10% of issued shares. Tr1 due soon?

RTO into Vela?

I see that lack of liquidity on AQSE would be an issue. From website:

Currently, WeShop is incorporated in the BVI and with its various professional partners WeShop is putting in place the corporate structure for both the Nasdaq listing and the roll out to new territories such as the US.

I can't see it listed yet as a pending IPO on Nasdaq. Given the way the markets are looking at the moment, may have missed their opportunity for this year. Time will tell.

Yes, in a round about way. Vela currently owns shares in Community Social Investment Ltd (formerly Weshop Ltd) which in turn owns the shares in the new Weshop Holdings Ltd based in BVI (which owns the app). These shares will eventually be distributed in specie to the CSIL shareholders, including Vela. At which time Vela will then be in direct control of its investment and will be able to sell on post IPO. Jimmy, what is source of ipo date?

Ooff...heading sub 20

Investment update due shortly

Half a months salary!

Wake me when he buys 300,000,000

CDT on the move, managed to top up before the pump! Could be start of something big, Postman?

Yep, best to compare to 30/06 values, probably 50% decline overall.

It is from the SEC filing Prospectus released mid May

This will help CDT short term cash needs.

On March 4, 2024, the Company received a Commitment Letter in the amount of $5 million, subject to agreement and definition documentation, from Corvus Capital, a major shareholder and related party. The facility allows for single draws of up to $500,000, and limits draw requests to $1,000,000 in any 30-day period. An interest rate of 9.5% annually will apply from the date of the advance request, and repayment is to begin in 12 equal monthly installments, commencing on April 30, 2025.

Your buy at $0.24c is good, mine was $0.30c, just a small punt really. I am watching closely to see whether to buy some more and now knowing they have some $$$$ to spend helps.

Good question.

But where did these proceeds go?

According to a recent SEC filing as at 31/03/24, cash and cash equivalents total $1.8m and net assets are $4.9m.

And at current cash burn rate, they must be very low on cash right about now.

Nasdaq has pre market at 12m volume. That would be nearly 200% of free float, something doesn't add up.

Where do you get 90% from, not so sure it is that high

Now 100%, bonkers

Yep, had to convert as the royalty was a no goer but missed a quick exit. That last point could apply to all their investments decisions really.

@h4mmered, agree that the cash must be v.low now. Surely they would have known that at IPO as commercialisation was at least a couple of years away. What was the plan for funding in the interim? Perhaps they thought the warrants at $11.50 would be taken out, that is not going to happen any time soon.