Member Info for Drax77

Winner of the most pointless post of the day.

As the market surges, this lemon has been a massive disappointment. I'm certainly not adding more of my money to average down, so hopefully I'll live long enough to see 68 and get out.

Like many others I'm starting to realise a recovery beyond 50 plus is getting less and less likely. Averaging down seems unappetising, as this could just keep dropping with the myriad of issues facing the company and sector as a whole. One thing is for sure, don't expect MA to come to our rescue.

The bird has been gone for years, hopefully it

In the current climate and no real light at the end of the tunnel. I'd take a stab at 35p a share.

Clearly it will be heading back down. Dilution at a lower price will always lead to this.

I've been bag holding for 4 years. I think it's time to swallow my pride, take the losses and move on. Good luck to you all.

Unfortunately the takeover is the best option for the board. They continue on their high wages and they get rid of all those annoying original investors who keep bothering them wanting updates. It's a win win for them.

No way of voting if you're with Trading 212. The whole process has been a stitch up.

Has anyone heard from Trading 212? Are they going to give us a chance to vote?

Anyone with Trading212 needs to contact them to make sure you get a vote. In the past they have needed a nudge to pass on that option. I'm also voting NO. Unfortunately the institutions voting YES, will most probably get this through.

Documents outlining the offer have now been sent out to Velocys shareholders, and a vote on the proposal at court and general meetings has been scheduled for 8 January 2024.

Carbon Direct Fund has agreed to provide a secured bridging loan of £3.5m to provide sufficient capital for Velocys through to completion of the acquisition.

I bet you're fun at parties 🥺

It's staggering how poorly the management have performed here. At the very least I hope their reputations are in tatters and they've had a few sleepless nights. Our money is gone and they have fat bank accounts, which doesn't sit well with me.

My concern is that apart from this big buyer, nothing has actually changed. It seems to be alot of ifs and maybes.

I know the moment I buy more it'll drop like a stone. I'm doing you all a favour, and not adding to my investment. 2.8 average here.

If Velocys does go bust, where will expatbrat go next to spin his special kind of bile?

He'll probably offer between 25-30, and many above that SP will be crushed.

Everything here is pointing to big Mike taking this private in the next 6 months and wiping out any retail investors with a high SP.

They are 99.6% down, with no PR and they've stopped replying to emails. The end to this fiasco can't be far off.