Member Info for BigDave13

For info only, both websites have been updated today

https://clinicaltrials.gov/ct2/show/NCT04516759
Recruitment Status : Recruiting
Estimated Study Completion Date : April 2021
Locations: Now reduced to 30 from 33 but all listed as recruiting

https://www.centerwatch.com/clinical-trials/listings/253621/azd1656-in-diabetic-patients-hospitalised-with-suspected-or-confirmed-covid-19/?mp=msfocus&page=1&query=All%20Conditions&rnk=4
STATUS Recruiting
DAYS LEFT TO ENROLL 32

Reprobus, it is a good point you raise. I was thinking short term target range, at exit as per the stated formula. There may be a one off payment but could also be recurring revenues if a licence is struck. If either are of material levels, then why not. It is then the compounding effect of re-investing those monies into more investments that will help propel vela to next level. I am still expecting Arcadia news in May but some other news in the interim should move the SP the right direction.

Is that JN just out of picture?

https://mobile.twitter.com/GerryGrimstone/status/1374706961976016902

SGS is a medical charity so I am going to say no.

PS sgs own 7.96% post placing.

The question is why has Rodriguez gone down the JV path with BigDish? Look at what he brings to the JV (refer RNS extract below), all that experience for 30% of the JV. What does Bigdish bring to the party for its 70%? No CEO. no staff, no successful business implementation and so on. A total of £11k revenue, milllions wasted over the years. outstanding loans and all to show for it is a website/app that a 1st year grad could knock up in 1 week.

Funding!!

BigDish Plc will own a 70% stake in the JVC and 30% will be owned by Archie Rodriguez. Mr Rodriguez and his wider family office have built numerous successful businesses in the Philippines and Asia in various sectors including Food Beverage, Hospitality, Real Estate, Mining and Renewable Energy. Mr Rodriguez has over 20 years' experience in the food and beverage industry in Asia and achieved a successful exit from a restaurant group that he founded that operated multi-brand master franchises for some of the world's largest casual dining brands. Mr Rodriguez will lead product and commercial development and will initially hold the position of CEO of the JVC.

1p - give it a rest! That would throw off a MC of £138m. Vela has a % profit share whereas SNG presumably owned their tech. 0.3p but with a bit of the excitement factor and MM games up to 0.5p, imho.

This is what I have found so far, can see no recent RNS to materially alter.

Keld - 742,760 Ordinary Shares
https://investegate.co.uk/kr1-plc--kr1-/prn/director-s-interest/20181220150603PCA97/

George 2,628,946 Ordinary Shares + 1,973,684 Options
https://investegate.co.uk/kryptonite-1-plc--kr1-/prn/gbp-750-000-fundraise/20170707100000P4DFB/
https://investegate.co.uk/kryptonite-1-plc--kr1-/prn/grant-of-options/20170608110000P9D32/

On 22/02/21, options were exercised over 973,684 shares but no mention of whom they related to. Current shares in issue is 131,669,534 so as far as I can make out, both hold < 3%.

LondonTradersty, Was wandering this myself. I looked at the half year report which shows Admin expenses of £295k so £590k annualised. Can't imagine this would change much over the coming period. Funded from existing cash for now, I guess they may need continual divestment/placing to fund on an on going basis.

Any idea of shareholdings held by of Keld, George, Simon? They are not listed as major shareholders >3% but could perhaps fall within one of the Nominee Accounts. Just curious.

I emailed Vela last week to request update to the SH list due to incorrect %s which has now now been actioned. Maybe I should now email JN and tell him to spend some £££ and put a rocket up the SP??

http://www.velatechplc.com/investor-relations/aim26/

Great find Davies102. Interesting too see whether Sir Chris is also involved (Excalibur).
https://www.ft.com/content/47ede572-6f06-4245-8fcc-b6f0b3e599d0

This link has been referred to in the past as confirmation that the trial is/has completed in March. However, the website has today been updated and the Estimated Primary/Study Completion Dates are now showing as April 2021, previously this has always been March 2021. The Recruitment Status still shows as Recruiting. This timeline ties in with the recruitment info that I posted a few days ago that indicated that over 120 patients had been recruited to date (another 30 or so to go). Make of this what you will.

https://clinicaltrials.gov/ct2/show/NCT04516759

I_ts
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LS1, have searched but found no info on potential ipo dates for Aeristech & We-Shop. Results from NPR drill programme are due Q1 so could drop anytime. Will be interesting to see whether JN retains this investment longer term.

IAGTU - Well if this is still 0.08 after the trial results, then I will follow you out the door!

Great oaks from little acorns grow

Great stuff Adamadd - it's happening

Yes, all these investments are holding their own and gaining in value. Hoping for a nice SP re-rate soon in the lead up to trial results.

Cornerstone FS to IPO on Apr 6. Vela has 400k shares @ 50p plus another 400k warrants. Placing priced at 61p so already in the money. Will Vela also participate in the IPO fundraise, is this the next Big Investment? Let's go Vela!!

https://www.proactiveinvestors.co.uk/companies/news/944282/cornerstone-fs-eyes-22mln-ipo-as-part-of-aim-debut-944282.html

UJO have just done a 1-200 consolidation, going from 20bn shares to 100m. SP decreased in weeks after announcement but has since increased since GM approval. Of course there are other factors involved with trading announcements and so on that have impacted SP direction. With warrants, Vela could have something like 17bn shares at some stage in the future so I reckon consolidation will happen at some time.