Member Info for BigDave13

Updated corporate presentation available on Conduit website. Page 24 outlines estimated development timeline and shows that revenues may be realised at earliest from Q4 25. Could be a long wait for the CDT SP to move.

Here is an idea for Vela to conserve cash in the near term. Oscillate, an Igraine investee company has recently announced that “the salaries paid to all Company directors will be paid in Ordinary Shares of the Company in lieu of cash.”

What you think, Board?

I believe it is the accounting office of Director EW & only a registered office for Vela. Maybe she will make you a cuppa if you pop in!

It may be but that also provides some interesting opportunities. Buy low, sell less low!

Yep, I guess they will hold off releasing the quarterly update til end of quarter hoping for some relief from a CDT price increase by then otherwise numbers will look a little poorly.

Annual cash outgoings is running at around 7% of current Mkt Cap. Sustainable for the Directors, not so good for SHs.

OK, just looked now. What is the interest in Bio-techne?

CDT just went sub $3!

CDT taking a dump early doors, could be

What is Plan B if CDT remains

Vela is damaged goods

The longer CDT stays low, the more shares that will be sold off at the lows to keep to lights on.

Good news on CODE, got hammered a little while back so coming good again - strong founder/ceo/mgt team and TR1s. There has been some buys/sell, I think holding is now 347,499.

400k @ 50p = £200k add 245,902 @ 61p * less 50k @ 14,2p = Current Holding 595,902 @ 58p effective breakeven price.

Thks @SmallPotatoes. @THG, forgot about those warrants, could come into play one day.

*[Half Year Report 31 Dec 21] - In April 2021, the Company completed the subscription for 245,902 new ordinary shares in Cornerstone for a cost of £150,000 as part of Cornerstone's admission to AIM.

I make it 595,902 but can't remember how I got there. As you say there has been some buys/sells so not sure what the average cost is currently. Will try and check a little later.

Maybe he is an activist investor and will agitate for Board change.

8% lol

Chris has a "cunning plan"

What is it?

From recent update - Vela has sold 300,000 shares in Kanabo generating gross proceeds of £4,000.

Could have sold at anytime from the highs in the 40s but chose not to. Then forced to sell at the extreme lows in the 1s due to the investment in Tribe left the Board with no cash.

Also from the update - we remain committed to the Company's stated investing strategy.

Expect more of the same in '24.

Stay Positive!

Trading Update

Factory completion of the first generation autonomous TTDS 700 GC drill rig, originally anticipated to occur in late Q4 2023, is now expected to occur in Q1 2024.

The Company had expected to deliver the completed rig during in Q1 2024 and now expects to ship the system to the customer in Q2 2024.

Due to the above timing, there is a potential impact that some of the anticipated FY24 revenue may now be recognised in early FY25.

https://www.lse.co.uk/rns/TRYB/trading-update-kwkz70nhpm9s3ib.html

Half Year Report

- the FDA submission is progressing and has now reached the substantive phase which it is currently undergoing and the Company is hoping for more positive news in the New Year.

- Following the registration of its IP title, the Company anticipates signing a distribution agreement in 2024.

- Financing: the Company remains in pre-revenue stage and is in detailed discussions with various parties and hopes to agree a substantial fundraise during January 2024.

https://www.aquis.eu/stock-exchange/announcements/4405888

The last six months have continued to be challenging for capital markets with political unrest continuing both at home and abroad, the continuing war in Ukraine and rising inflation and interest rates continue to be factors impacting the small-cap marketplace in the UK. We remain cautiously optimistic regarding the long-term future of the Company's overall investment portfolio and we remain committed to the Company's stated investing strategy.

Concerning!

@AsiaMarket, which site do you use to see CDT intra day trade data, thks