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I signed up and am expecting my miner in October. Mine now, profit later. Crypto's here to stay.

Emptied my pockets of all I had handy - very little - and topped up 52.5k shares, so I can confirm buys are showing as sells.
25% spread too.
Anyone else "confused" like Neil22 here? ;)

People selling now, are you paying attention?

...up 12% obv. doing well...

10 trade earlier, any idea what that means? News?

This is a co. with huge potential to shake up the UK restaurant industry. Tastecard will be worried (they may even frequent this BB).
BigDish is about to beta launch in Bath. Just as school's back. Excellent timing if you ask me.
Bournemouth alone had 120k diners in 2017. Bath’s a great tourist/student/eating-out town.
Then there’s Bristol…
Bristol is the 6th biggest city in England (8th in UK), 2 ½ times the population of Bournemouth, with a large and relatively youthful and young-at-heart population.
Bristol’s full of indie restaurants and has a big eating-out culture.
BigDish’s aim in Q4 is to establish a UK foothold, setting the stage for "explosive" growth (like sound of this).

Got my subscription invite last night! Signed up for Horizen, start 1 Oct.

Also Nektan which VELA has a very small slice in, is kicking off a bit, with Sun Play partnership and +47% revenues:
"Nektan PLC (AIM: NKTN), an international B2B and white label gaming software and services provider, has helped deliver record revenues for TheSunPlay.co.uk, the innovative online slots site offering for The Sun readers."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NKTN&ArticleCode=ut7g2ba5&ArticleHeadline=Partnership_with_The_Sun_Play

I was re-checking a few notes and RNSs around VELA’s main investments and thought I’d share - this is a bit rough e.g. Vela has 11 investments and somehow I’m missing 1 (anyone?!). VELA today's equivalent MC = £3m.

1 Argo 0.85% (2.5m shares £200k bought at 8p) + anything invested since…? (SP currently 10p) First crypto miner on LSE, SAAS service, new ASIC rigs soon delivered.

2 Vibe Tickets ~4% = 5674 shares in VGHL – disruptive fan-to-fan app transparent, trusted concert ticket resale app/website - see my earlier post on the Radio 5 interview with Luke Massie - also there’s quite a few Twitter stirrings here e.g. links with Ariana Grande, and Luke signing “biggest deal of his life” on Friday - intriguing.

3 Portr 3.1% (£660k/162k shares) has several high-profile partnerships e.g. British Airlines, American Airlines, Easyjet. Fundraisers included Stobart Group. Excellent feedback for their services.

4 Rosslyn Analytics 0.75% (1.1m shares @ 4.5p (SP currently 7.85p)) machine learning data tech company that reported gross rev up 74% YT Oct 2017, net cash £1m etc.

5 BTL 2.9% (SP currently C$2.80) 620k shares + 25k warrants exercisable at C$3.25 until next April.

6 BlockchainK2 Corp (SP currently C$0.33) £200k @ CAD$1.25 (ouch) Cryptocurrency & blockchain platform with mining exposure & proprietary SAAS.

7 Advance Laser Imaging Limited (ALI) - laser scanning hardware and software applications to produce 360 degree 3D images and models.

8 Revolve Performance - ?% - Recently named as Ford's trusted engine partner.

9 Stream TV Ultra-D™ ?% - Technology allowing TV and tablet manufacturers to convert 2D devices into 3D devices without need for viewing glasses.

10 Disruptive Tech Limited (DTL) ?% - Gibraltar-based holding Company which owns and actively manages investments in a number of technology enterprises: Interest Labs Ltd/Nektan Ltd/VNU Capital LLC/Freeformers Limited.

VELA holds RDT
Machine learning data tech company that reported gross rev up 74% YT Oct 2017, net cash £1m etc.
VELA I think has 1.1m shares @ 4.5p (SP currently ~8p) worth a nice little £88k

I see this as like INFA was in December.
Quality company doing quality energy-related stuff.
ENVIA reactor 1 problem wasn't even their fault, independently confirmed.
They have insurance etc. and a number of options on the table. Negotiating with insurers sensibly surely means more likelihood of being insured in the future so of course they are going to negotiate and look at all the options.

For Mississippi- VLS has UK Department Transport backing and £4.9m funding (similar approach as INFA has UK Gov. backing for gas storage) and VLS recycled waste for energy is literally in the thick of the UK transport policy.
VLS have funding and partnerships with Shell and British Airways. British Airways intend to fly jets using Velocys fuel.
Not to mention the quality jobs to be created.

Today is overreaction and great entry opportunity for new investors and MMs ready with their derampers and a scoop.

Sam thanks for your reply. Not convinced however so I'll read up some more later. My head says what's the point of the deferred shares in that case and why do they add up to the current value? I read it as holders under around £25 will be those bought out at and will miss a few £ (literally) and there's over 2,000 of them. However if I had <£25 on here i wouldn't be bothering with bulletin boards! Nevertheless the BOD are doing the same with their own shares and that's reassuring.

Hi Sam-The-Man - respectfully, my calcs came up with a different answer that equated to ~0.2% loss on a £1k investment.

The problem and reason for the consolidation is 77% of shareholders holding <0.34% in TOTAL of the company, each one holding max approx £21.39! Which is a ridiculous state of affairs. You can see why they’re keen to move away from this structure and the likely associated bureaucracy.

If someone held £1000 of LEG:
£1000 = 1m shares/23763
=42 Interim Ord Shares
=2656 New Ord Shares @0.01p=£2.65
+(42x3) New Deferred Shares @£7.90 = £995.40
TOTAL = £998.05
loss of 0.2%

The only difference is I've excluded dealing costs (didn't understand why you included since those would apply currently as well as afterwards).

As I understand it:
-New Ord shares @0.1p - these hold your voting rights
-New Deferred Shares @£7.90 - hold no voting rights but hold bulk of your monetary value

While I don’t fully understand the wording around the New Deferred Share rights, and I hope they will clarify it, this bit is key for me: “The Directors believe that the Proposals are fair and reasonable as far as the Shareholders are concerned and are in the best interests of the Company and the Shareholders as a whole. Accordingly, the Directors unanimously recommend that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting as they intend to do in respect of their own holdings of Existing Ordinary Shares.” - to me it feels very much about removing bureaucracy/greasing rusty cogs increasing their ability to quickly respond to opportunities.

...and if as some suggest VELA is entirely mimicking crypto movements, then consider the fact that the BTC price on this day last year was at $4,200 (v $7300 today), and didn't reach today's price until Nov, then went on a rampage to $20,000

...is constantly testing my resolve!!
Days like today I just want to yell at the management MMs broker etc. etc - I'm sure I'm not alone!!!
Firstly - 23% spread! And this isn’t even close to the worst of spreads we’ve had over recent weeks - we've had some real whoppers up to +44% spread.
Another reason I'm frustrated is that in honesty I'm jealous of those who got sub 0.37p shares today. I already spent my allowance last week (thanks to the seller/MM/broker for not doing this last week FFS!!).
The steal/shocker shareprice down from 1.1-1.2 in Dec/Jan is not entirely attributable to cryptos since by % capital VELA is invested in more than that.
VELA holds some really interesting disruptive (crypto + unrelated) investments, some that are already doing well and see VELA well in profit, as well as some that are definitely not. This is normal for this kind of investment company and sometimes all it takes is 1 or 2 to pop.
Based on previous years I’m expecting VELA to publish their annual report during September, and on looking at the portfolio, on balance I think it might be alright.

buy looks like it's coming through, we just ticked up and no more multiple £1,000s available under 0.40p

Different VELA However, crypto on rise and that's nothing to complain about

From ARB BB, courtesy DTM: "Cryptos looking bullish, most positive I’ve seen them in a while... Also check out Argo twitter, they’ve got the PR Machine up and running... one of interest is below...
“....Packages are sold out at the moment, but your chance to join Argo is coming soon” This is awesome news and just in time for the crypto bull run, this is going to be fireworks going forwards...

This board needs an aenema. How about it folks? Bend over... What's flushed out rhymes with ooo

Yes, wrong guy, what an idiot Nic Cruz is :)
Got excited - apologies

Yep - all a bit Candide at the moment!

Audited results:
Investments risen 44%
Net assets risen 28%
Net profit £664k (2017: loss of £281k)
Net assets higher at £6.5m
MCap £3.64m