Member Info for BigDave13

Good find there and agree, would like to see Vela stump up some cash for this one. Fundraise is at an attractive SP, nearly 40% below recent high.

Shares tightly held, low free float, TR1s account for approx 85%

https://www.northcodersgroup.com/investors/shareholder-information

Looks like Jimmy's vote may have saved Brent.

Easy to come up with 10 or more reasons why votes went as they did.

I agree with all that has been said recently. It is now incumbent on the BoD to release a statement first thing Mon to clarify whether commercial discussions are ongoing (& potential timeline to conclusion i.e Q1), on hold or discontinued. Their comments on this subject from recent RNS’s include:
9 Jul - At this time, SGS and Excalibur Medicines Ltd ("EML") have begun the process of progressing commercialisation plans
9 Sept (Results Day) - SGSC will immediately start to undertake commercial discussions with potential licensees
16 Sept - We understand from SGSC that, following the successful results of the ARCADIA trial released last week, it has begun commercial discussions with potential licensees

All sounds good and let’s not forget the CIZ Royalty Agreement from 20 Sept (post results):
Cizzle Biotechnology, the UK based diagnostics developer, is pleased to announce it has executed a royalty sharing agreement with St George Street Capital ("SGSC"), the UK-based biomedical charity. As announced on 22 June 2021, Cizzle Biotechnology signed a Memorandum of Understanding ("MoU") with SGSC to grant Cizzle Biotechnology potential future royalty payments from the commercialisation of St George Street's therapeutic asset AZD1656 of up to £5 million, plus potentially further payments from the use of a companion diagnostic. The full commercial contract in relation to this has now been entered into, following the announcement on 9 September 2021 of the encouraging clinical trial results from SGSC's ARCADIA trial.
Why would they go from MOU to Execution after the results were in? Another thing, who did SGS sell the 1,1bn shares and what story were they sold on?

Although the Layperson summary didn’t read too well, there were some positive signs:
Patients treated with AZD1656 tended to be discharged from hospital slightly earlier than those treated with placebo.
Patients with low Vitamin D levels at the beginning of the study, and who were treated with AZD1656, tended to be discharged from hospital earlier than patients with low Vitamin D levels treated with placebo
There was a difference in the number deaths in patients seen between treatment groups. Whilst the majority of patients in both groups survived, fewer deaths occurred in the AZD1656 group compared to the placebo group.
So if this drug was distributed to 10m or 100m people, how many more lives could be saved?

#swimmingnotdrowning

Big billy is a distant cousin. He is a known trouble maker...!!!

Quote from Jimmy
next rns,
after wed, and before fri.
:-)

I don't think the share consolidation in itself will generate any further interest. There are currently no TR1 holders for a reason. Wouldn't it be good if all 3 Directors bought 5% each, then got their wealthy mates to buy in large so 50% or so of Vela was held by strong hands. Not going to happen is it? If Jimmy's deal drops and Vela pulls in a huge chunk of change (>£5m), then all bets are off and yes indeed, that could generate some exciting interest. Thursday RNS?

Schrodinger's cat

Vela is simultaneously both alive and dead...

I just spoke to HL to confirm process for voting. You can either
-call HL,
-submit online secure message from HL website (subject Corporate Actions Team & state Vela Technolgies PLC
-by post

Votes need to be in 5 days prior to AGM. The RNS says AGM 24 Jan, the HL email says 28th!!

If RDGC is now unlisted private company and invests in another unlisted private company, what communication channel is used to provide investors with updates? Do investors just see new shares appear post ipo in online account?

Igraine website back up, looks like it was down for maintenance. At the bottom of the page it shows copyright 2022. I see no other major changes. The Rule 71 shareholders list hasn't been updated since July 2 but they should by now have issued new shares to EML.

Website not updated since May 2021 plus shows as Not Secure on my browser. RBBS is also not listed even though investment was made in Oct 2020, so 3 investments missing in total. Lots of other info is out of date.

Fair point, maybe should have sold on results day. However, for the last 12 months it has been reported that “should the trial be successful, we expect to agree a commercial deal with a partner almost immediately.” SGS reported on May 12 that the final patient on Arcadia Trial had completed the trial & Results issued Sept 9. Not unreasonable to stay invested in the interim until such deal is confirmed or otherwise. Plus these guys are getting paid big bucks to make investment decisions on behalf of SHs, based on recent performance, some may think criticism is warranted.

Agree, I am baffled as well. This is one of the better investments so why not stay fully invested and reap the rewards over the next year or 2. At same time, hold other shares like Mode, CSFS, KNB whilst SP continues to fall. Baffled. com!!

Cash & investments only amount to £4.9m & that includes Aeristech so arguable whether that can easily be sold. Balance of assets include warrants, SGS asset and monies owed by Bixx Ltd (repayable to holders of the Special Deferred Shares i.e. not us!). The only path to success here is Arcadia deal.

If the SP had hit 0.25 in the last few months, most of us would be long gone by now. If SGS deal comes off and will ensure future riches to Vela, then I would be v. happy with 0.20 from this position and at a stretch 0.3p with a fair tailwind and a bit of P&D action :-)

Directors have 285m options, 270m of which have exercise price of 0.024p (with conditions), unlikely BoD will purchase shares on open market.

AGM 24 Jan

(d) Resolution 4: to approve the re-appointment of Brent Fitzpatrick as a Director. Under the Articles of Association, Directors must retire and submit themselves for re-election at the annual general meeting if they have not done so at either of the two previous annual general meetings.

Should you be so inclined to vote.

Yep, looks like a bit of action for Weshop at long last.

WeShop has released its native mobile applications into the iOS app store and into the Google Android store. The platform is also live at www.we.shop. All versions of the platform are by invitation only as WeShop admits a number of content creators, influencers and talent with exclusive access before the full launch in Q1 2022.
https://we.shop/

*Burns Singh resigned as Director of I Am Fire plc in Sept, he has 2% shareholding after their latest fundraise.

Within the proposed new investment policy outlined yesterday, it states: The definition of disruptive may also extend to pharmaceutical businesses where, for example, a new drug may have the potential to make a beneficial impact on the treatment of medical conditions; as well as to companies operating in the wellness and life sciences sectors.

As for the Holding period, it states Vela invests with the intention of realising its investment within three years of investment. Investments can be made at the pre-IPO stage and in anticipation of a public listing for the shares, often within a few months. In such cases the whole or part of the investment may be sold on admission of the investee company's shares to trading on a stock exchange.
They should add that if SP is tanking post IPO, then they can sell up and look for opportunity to re-enter (or not) at lower price i.e. Mode, CSFS, KNB. The BoD need to work the investments to maximise returns rather than just hope SP is higher at end of 3 year horizon.

imo, gla