Member Info for BouncersDream

So to recap (because there's nothing else going on here) the £4mil option can be activated once the merger is complete, so we're just waiting on Murphy/Conduit to get it together upon which the board can choose whether to make their move or not - correct?

"....the Board of Vela is mindful that there can be no guarantee that Vela will be able to exercise the Option, since exercise is dependent on the successful completion of the merger between Conduit and Murphy and the combined entity being listed on the NASDAQ stock exchange"

There's still an element of uncertainty and it being out of vela's hands but it's still our best hope of getting out of here with a few quid at some point you'd think

Joe I think you're the only person left who's constantly surprised at how badly this share is performing. It's almost as if the board have destroyed all investor confidence through poor decision making and abysmal communication....

And then for the BoD to sell some of them if they do go up. Actually make some proper money instead of those bits and pieces they reported on the last update

Simpleinvestor - you're not the only one! We can't understand it either. The obvious explanation is that the BoD never seem to learn from their errors, have no skin in the game themselves and don't know how to communicate with those who do. In short, they've utterly killed any sentiment in the share or faith in them as a unit. Be careful calling bottom, that's been done all the way down from .06 / .07 to where we are now.... but yes, this probably isn't a bad time to be buying if you trust them enough to not hit us with a placing

Joe - are you planning to jump ship if/when the merger drops, assuming there's an accompanying spike? I can only imagine that what most people are waiting for now

Mode is effectively of no relevance to Vela any more - they could and should have sold up when it still had some value but obviously they did the opposite and bought more, with mode now suspended and moribund it looks like that money's a gonner. Even amongst the terrible line up of investments Vela have made this has got to be the worst. Never mind, it's only money eh?

I'm sure we all hope you're right - it's the only thing that makes sense otherwise that Tribe investment looks like an insane bit of business, using up the last meaningful cash reserves on yet another punt that'll presumably nosedive like the rest of the portfolio. They could be selling in the background, we just don't know until we get the next update RNS. No point calling it a quarterly any more, it's never that

That's definitely a worry isn't it, that the BoD don't have enough confidence to buy in themselves they're just happy to pick up their unjustified paycheck month on month? This is after all an investment company and if they don't own any shares in it themselves then the whole reason for Vela's existence is to offer the shareholders some value on their investments which is something that so far they're spectacularly failed to do, and neither do they communicate any kind of coherent plan. Bunch of jokers, they've managed to bring about a situation where shareholders are now nervous about the next RNS instead of looking forward to it being Conduit / merger related. No wonder the sp continues to slide. Classic vela.

Joe you know how this stuff works - until there's an RNS saying the £4m is going through then this will drift and drift. And I totally agree with you that I don't trust them to spend it wisely but when (if?) that RNS drops and the £ is definitely going to come in you'll get your chance to jump and it won't be your problem any more. As you'll know from your ARB / CIZ / MODE / VAST etc dabblings the world of aim is all over the place, brief spikes on news with the odd mysterious P&D in there to keep you on your toes. In the periods between news the small caps tend to drift downwards on poor sentiment and no one investing long term for divis or for their pension. I know you know all this already and you're just venting your frustration at the situation here but really it's no different to any of the other small cap shares out there, best to get over that

Wrong - nothing's changed, we're just playing the waiting game. It's frustrating being stuck here waiting for the chance to jump out but if you've got no choice then best to sit tight - or take the hit and sell up. The BoD are hopeless and their investment strategy seems very random and like most pi's they seem to have a problem judging when's a good time to sell (although I appreciate hindsight is a wonderful thing). At least there's light at the end of the tunnel in the form of a potential £4m payout, as long as the board don't f*ck that up then we should see a jump way over .025 and those with a low enough average and fast enough fingers will get the chance to bail. Talk of administrators is just scaremongering, there's plenty in the portfolio to sell if it came to that, and better to do that than a raise.

It's miserable SP watching at the moment though, I'm amazed anyone can be bothered with these £100 sells presumably at a considerable loss. May as well just leave it and see what happens

Hmmmm, nearly midday and not a single trade. Go on someone, buy something, I dare you. Surely there's no point anyone selling at this level?

Come on Joe, chin up. I suppose worst case they could sell the lot and start all over again....

All we can hope is that they know something we don't and that there's something happening imminently that will resolve the cash situation (that isn't just a raise). Otherwise they've truly failed at the most entry level business requirement of making sure you keep enough cash handy to pay the bills. Although of course in this case the bills are mostly just their own inflated and unjustified wages

Thanks, sounds broadly positive. Now it just needs a decent RNS to pique some interest and add some volume....

Sorry msuk i'm not a chartist either - but I do appreciate your interpretation of them in the past and unlike most predictions on here yours quite often turn out to be correct. So is it good news or bad from the charts?

I was vaguely tempted to average down again once it got to these levels but that 'quarterly' or whatever it is nowadays has really put me off, the cash situation is dire. They're going to have to do something, i hope to god it's not a raise. Surely just sell some of the portfolio rather than knacker the sp and sentiment even more? Anyway I'll not be putting anything more in here for now

Joe, you've seen enough from Jimmy now to know that he's a fantasist that pretends to have inside knowledge when in fact he has none. Ignore everything he says, anyone giving advice to other investors on a BB rather than a subjective look and comment is always suspicious anyway.

Up until now the one thing that this has had going for it is the cash balance, no need for a raise and no threat of collapse with £700k+ in the bank. But £50k is deeply worrying, they've really burnt through the reserves. It does look like an ill-advised spending spree at a bad time, I really hope they have some kind of a plan but on previous experience I'm sure they don't

Looking a bit grim over on ITS with an RNS proposing 'compulsory liquidation' - I really hope no one took Jimmy's latest excellent advice and put a penny in there.... and yet, he continues to ramp it with advice to 'buy and hold'

Hopefully we'll find out in the Biannual Investors Update when it arrives in a couple of months time

Bleurgh what a load of rubbish, don't believe a single word of it. It'll take more than an 8% increase from a pitifully low base to convince anyone that we're about to see multiples. I get that we're all bored and sick and tired of waiting but starting rumours and making sh*t up isn't going to help anyone.

As for ScarletVixen, you'll not have to work very hard to convince many here that this is currently junk. There's potential, for sure, but until it comes to anything (via an RNS not a rumour) this is indeed a junk share

Just to play devils advocate there is of course a chance that both joe and jimmy are correct and that the quarterly is so delayed because they're waiting for the IPO to take place so they have something positive to present to the world. It would require a level of organisation they've not shown much of previously and would be a slightly shady way of going about it, but it is possible. I can't see the IPO having much more effect on the sp than any of the last few investment but hey, it'll be something

There's no leak is there? In the same way that Jimmy's 200mil buy earlier in the month didn't materialise, and every other prediction or bit of inside gossip has turned out not to be true. It's exactly as Unclejim just mentioned, only the merger /put option and subsequent AZD1656 news will move this. That may coincide with one of Jimmy's posts one day, but it'll be pure coincidence if it does.

It would be nice to see the quarterly too, they're just taking the p*ss now.