Member Info for BigDave13

Yep, my number matches the website. Overall I make it an effective price of 25.8p so >100% on that investment. Although this was from some time ago so could now be out of date as well.

In the news!

https://www.cityam.com/investors-in-london-listed-medical-tech-firm-continue-battle-to-oust-top-brass/

Mr Cooke or Jimmy?

Agree that the portfolio is beginning to look a little more interesting with many off their lows. I reckon there are probably 5 shares that need to be got rid off which may also help with the overall value perception.

After some trades, I think current holding is 595,902 @ 58p (unless some sold since last qtr)

Did you pick up on the recent RNS announcing a name change to Finseta (FIN)

https://www.lse.co.uk/rns/CSFS/proposed-change-of-name-to-finseta-plc-il46nlbddq5vrwv.html

& therein lies the problem. As mentioned previously, there are no consequences for their actions. The Directors are not answerable to anyone but themselves. They will continue to extract £5k cash each, each and every month for the foreseeable future (years?) by whatever means available.

4) wind down in an orderly manner and distribute CDT windfall and £ from liquidating other investments to SHs.

@BouncersDream, I would agree with your sentiment that "AIM / small cap market being a bad place to hold long term". However that is the Vela Business Model and they have stated they will continue with that strategy. So even if CDT pumps a little and there is a cash out, then what next? What would be the point of just re-investing back into AIM/Aquis?

It wasn't a £50k raise. Shares were issued to pay off a debt. No funds went to Vela. Which means they must be still selling down from the portfolio to pay their (low) Director fees.

Lol!

Aahhh, its facts you want.

1st Quarterly update for 31/12/21 - NAV = £7.12m

Latest Quarterly update for 31/12/23 - NAV = £6.18m

What is your game plan, how you going to trade this based on £1m decrease over 2 years?

Anticipation and expectation that the combined net value of the investee companies will substantially increase. If the market thought CDT SP would rise to $5 in the near term, thereby enabling Vela to at least partially cash out, the SP would rise with no RNS.

What are your thoughts on this?

Why is it ok for Advisors to be paid in shares but not Directors?

Investment discussions started in May 23. Mr Cooke entered the scene with a TR1 in June.

Coincidence, what is his next move?

Continued sell off from existing portfolio to pay Director Fees.

What sort of dilution would £15m capital raise mean?

No Cash

No Hope (CDT)

TRYB performing as expected for a Vela investment, in at 8p now at 6.75p.

A couple of RNSs from TSP, it is only a matter of time!

Looks like 0.014p is indeed incoming.

Does he want out though, no idea of his motivation for being invested here. With CDT stalling, Vela is a cooked goose for now. What incoming news could pump either?

Yeah, and worse for those investors that bought Laiker's shares at 0.04p.

Agreed, there is no requirement or incentive for the Directors to change their course of action. Monthly fees will continue to be paid out regardless of SP or performance as long as there are portfolio shares to sell off to fund it. Come on Mr Cooke, please intervene!