Member Info for BigDave13

Agree, let's start off with the quarterly update being issued on a timely basis. Then include current holdings, especially as there has been quite a few sales recently. Then get rid of companies they met section, totally useless info if they do not provide any context (and take no action).

Takeover, new CEO?

1,213,888,182 versus 1.5m shares owned collectively by the Directors (actually only one holds the shares)!!!

Let that sink in.

@Musk15, Yes and why Vela's investment policy of investing in AIM is no longer viable. Why cash out of CDT if only to re-invest proceeds in AIM?

I also think a little while longer til Vela are issued shares to allow them to sell. Plus volume was only 127k on Fri and 145k today, s/b back at $5 soon.

An update from another investor in Weshop/CSIL. Looks like the app is performing very well. For newbies, Vela owns shares in Community Social Investment Ltd which in turn holds the shares in Weshop and which should be distributed in specie to its investors. The intention is to also list Weshop on NASDAQ at some point.

https://www.investegate.co.uk/announcement/prn/iamfire-plc--fire/weshop-update-and-extension-of-conversion-dat-/7919702

Latest SEC filing

Vela is registered as a Selling Security SH alongside others, I found this comment interesting...

Although the currently outstanding shares of Common Stock that are being registered for resale in this prospectus do not represent a substantial percentage of our outstanding Common Stock, such shares do represent a significant portion of our public float, and the sale of such securities could cause the market price of our Common Stock to decline significantly

https://s3.amazonaws.com/sec.irpass.cc/2892/0001493152-23-043429.pdf

I was also wondering about next steps with £4m or dare I say £8m banked. BoD have acknowledged UK markets are depressed so investing further into AIM/Aquis stocks doesn't seem like a sensible near term play. I think one option is that they put up a for sale sign and go for an RTO - you heard it here first.

Vela does not hold warrants in CDT, although there are some other entities that do.

They will sell the whole holding as the investment now falls outside its investment policy.

Geographical focus

Investee companies will usually be based in the UK (including the Channel Islands) or derive a material proportion of their business from the UK. Conversely, investee companies may derive a significant proportion of their income from overseas but be based in the UK. It is unlikely that Vela would invest in a business headquartered overseas and deriving a majority of its business from outside the UK.

Based on the CIZ RNS, it may take a few days for the option to settle and for the shares to be issued to Vela. When the next RNS drops to announce the sale, that would be SELL signal.

The Sept Quarterly Investment Update is due and should make for some interesting reading. Which stocks have been sold off to pay the Director Fees and keep the lights on? Probably waiting to see if there is any positive news on CDT like last quarter which was released 3 months post period end. Shouldn't really be the case as it is a NAV update at a point in time, not a forward looking trading update. Then there is the Half Year report as well, issued on 31/12 last year. Boom!!

I also agree with the last 3 posts - exercise anytime at minimum base price of $5 for 976k shares.

Must be another reason. I can't imagine they are monitoring this each day. Do they have advisors that will give them the nod of when to take action?

Good point there. Both vwap and SP have been above and below $5 in recent weeks.

Not worried, bemused!

Yep, that is the way it seems to me.

65% of last 10 days volume done today. What does this do to the vwap, above or below $5? Is the Board actually monitoring the CDT SP?

Agree THG, really want to be in legal possession of the shares in advance of any large SP moves. Once option is exercised, how long does it take for transaction to be settled? This from CIZ on 28 Sept, 2 days after they exercised their option.

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 with no restrictions.

This positive list must be quite extensive and detailed cause it is taking a long time to collate and post...

Http://www.velatechplc.com/wp-content/uploads/2023/11/Vela-AGM-notice-2023-FINAL.pdf

Recommendation

The Directors consider the Resolutions to be proposed at the Annual General Meeting to be in the

best interests of the Company and its Shareholders as a whole and accordingly recommend that

Shareholders vote in favour of the Resolutions, as they intend to do so in respect of their aggregated

shareholding of 1,500,000 Ordinary Shares (equivalent to approximately 0.01 per cent of the existing

issued Ordinary Shares).

0.01 per cent !!!!!!

Please feel free to list all of the positive aspects and/or actions of the company and see whether you can convert the negativity into positivity.