Member Info for BouncersDream

Ah yes, of course, forgot about that - I'll sell up and move on then

Yup, but we can't enjoy the benefits of a CDT rise until we own nearly 1mil shares in them, then we might see some action here. It seems soooo obvious to everyone except the Board

If that's the case and they missed exercising it on the way down (like CIZ did) then they should chuck in the towel and walk, not fit to be in charge of other people's money.

This business with whether they can exercise under $5 or not could really do with being cleared up it's causing investor doubt and some confusion but I don't expect for a second that it'll be addressed by the board

It's baffling isn't it? What's the alternative? Just get them bought and then when CDT makes a move like it has over the last few days we might see some positivity return here both in the sp and in sentiment as the overall portfolio value rises. There's certainly a decent buying case to be made at .015 whilst the CDT price is rising but only IF they exercise the damn option!

....and still no stirrings from our esteemed Board - now that they've spent all the money presumably they've got nothing to do other than sit and look at the portfolio, can't imagine it makes them feel very good about their decisions. I wonder how they justify their not inconsiderable wages ? As many of us feared it's just the same old story, no updates no news just let it drift around and do nothing. How utterly dull

Quiet around here now that Joe's been cancelled isn't it?

You could blame the longsuffering holders on here (and who in their right mind invests based on the opinions of faceless names on a BB? ) or you could look to the Board and their shortcomings and blame them squarely for the low sp. They're the ones that are running the show, the business decisions are taken by them, we only have two decisions to make - when to buy and when to sell. Entirely up to you, we all have our reasons for buying in here originally and staying put if that's what you're doing - mine have changed a lot over the years but really it comes down to refusing to accept the significant loss rather than any belief that they'll turn things around.

Anyway, what's going on with conduit and put option? It would be helpful to have an update on that, or anything else for that matter

But why on earth would it do that? What news are you expecting that's going to boost it? Plus of course news isn't delivered at an AGM it's just a formality to people to Vela, something they've got to do every year but would probably prefer not. Personally I'll be voting to get rid of the BoD but I'm sure like most years it'll make no difference. Their performance continues to be awful (and I say this not just in reference to the sp at it currently is, but I mean the performance of the Board themselves)

P&d day has come around again, great - anyone with a low enough average, abandon ship! we'll be back to .015 by the middle of next week

I've been considering a dabble on CIZ, they seem to have more of a potential news flow due than Vela and the drop following them exercising their option has already happened - think it's a decent bet at this price Joe?

Can't see that there's a great deal to discuss here now. Everyone's got their theory about why the option hasn't been excercised yet or even if it can be, usual silence from the board, Joe getting frustrated like the rest of us, CDT price pitiful, the rest of us praying for a p&d big enough to jump ship. Back in the bottom drawer you go Vela until the BoD enlighten us it'll just drift around these undervalued lows for the foreseeable. I'd buy more if I had any confidence in the board's decision making

Exactly right. Which means for better or worse the BoD have to exercise the option otherwise it's all just a waste of time and (a lot of) money. Even if the CDT price remains low those shares will still be worth more than a lot of the rest of the portfolio put together. So why the hell haven't they done it?

Could well do - problem is in the past it's been possible to see potential good news on the horizon in the form of new investments or news on SGSC/AZD1656 and later CDT but with the BoD not exercising the option, the portfolio doing generally pretty badly, no money in the bank for new investments (and likely desperately selling in the background to pay their wages), no communication from the Board, quarterly / end of year report likely to be grim reading I just can't see why there would be any uplift in the sp here. I honestly thought before this year was out there was a chance we'd see a transformation but I really should know better. The end result is people not seeing any reason to buy in or increase their holdings and the inevitable drop

Sadly I think we can assume those questions won't be answered in any communication from the BoD, they don't address things like that in the updates - they'll give us the figures as they are at the time or writing, they'll tell us what they've disposed of to cover their (unwarranted) wages and they'll probably make some thin excuses about the poor sp performance to do with a challenging economic environment etc etc.

Questions with a why/what/how at the beginning are simply ignored, they don't feel the need to enlighten the shareholders about their inner workings and plans

CDT showing signs of life again - up from it's pre-market dip following yesterday's rise, I know it's got a long way to go but IF the board exercise the option and IF the cdt price rallies we'll be back on track. although I appreciate confidence in either of those things happening is low at the moment, let alone both.

Or go for boring FTSE 100/250 companies that will probably give you a higher return than 5% across the year if you choose something established and safe but that's at a bit of a low point due to the macro situation. On the assumption that inflation and then eventually interest rates will drop things should improve in those area. Plus of course the divis can e worth it alone let alone any capital gains. Things here haven't changed in 3+ years, despite what the resident optimists say they show no sign of changing approach or getting better at picking investment targets, all they've really done is destroy the sp and drain the coffers to the point that they must be selling in the background to keep the lights on. This CDT business is the latest and unfortunately the biggest example of their awful communication and lack of clear strategy, no one can understand why they've not excercised the put option that still looks to be the best way to making some real money here other than it looking bad on paper for the results at AGM. Obviously the risk is they're so apathetic that if CDT does go on a run they'll not actually own any shares to take advantage. Classic Vela and I wonder why we expect anything more of them

And another! Someone's not happy with the current situation, 90mil dumped in a morning. Approaching new lows despite the BoD having a chance to exercise the option get the ball rolling. Classic vela. Come in JN & Brent do something!

You might be on to something there. But judging how low the sp currently is anyway it's like the initial SGSC investment is priced in at pretty much zero already. Interim/half year results are due in Dec and you may be right that they don't want that to appear on it but I'd still rather they just did the deal and had a meaningful investment on the books that it just floating around waiting to be excercised at a time of their choosing (and knowing this lot, missing the boat if the CDT price were to take off)

It's all about the long game though isn't it? Until they exercise it there's nothing to attract new investors, it's not part of the portfolio with a £ amount next to it and if CDT does have a recovery at some point they need to have the shares in place to reap the benefits. I can't see any point in worrying about the sp here or at CDT at the moment, until a move is made nothing's changed at it'll just continue to drift around the .02 mark

What other options are there Joe? They either exercise it and hope for the best (as we all do when we buy into something) or they don't exercise it and there continues to be zero value in that £2millon+ investment. I can only see one realistic course of action can't you?

I sincerely hope we hear something today or in the next few it makes no sense for them to drag this out. Admittedly the CDT price isn't great but if they're committed to the put option being excercised they might as well get it done, as Joe says this might be having an effect on the CDT price - maybe not but still what are they waiting for? It's not just the shareholders but also the market that needs to know.