Member Info for Iguana

From the RNS 30th October (3 weeks ago) he told us it will take slightly longer....... but it’s worth it!

The Company announced on 10 September 2020 that it was analysing whether to syndicate its first securitisation note across a number of investors, or work on an exclusive basis with one investment fund. Following detailed evaluation, SYME confirms that it has agreed to partner on an exclusive basis with a global investment fund (the "Investor") whose intention is to subscribe for the whole of the first issuance and become an ongoing partner of the Company. Whilst this decision has put back slightly the date of completion of the first issuance, the opportunity to form an ongoing partnership with the Investor will provide valuable benefits to SYME, both in the short and long-term.

“ Whilst this decision has put back slightly the date of completion of the first issuance, the opportunity to form an ongoing partnership with the Investor will provide valuable benefits to SYME, both in the short and long-term.”

Just take 10 minutes off this BB and read the previous RNS...... you will realise the majority of comments on this board is white noise!

AZ clearly states it’s going to take slightly longer than originally anticipated (end October) so nothing is being hidden or changed except what’s going on in peoples own heads.

I’m happy with my investment & confident there will be the ‘Blow ya socks off’ RNS released shortly.

If you’re down, worried or questioning this share then go and spend 10 minutes re reading the RNS...... it will cleanse your mind!

I can’t see this dropping much lower till we get the news we’re looking for but for those who have got out wanting to get back in once ‘that’ RNS drops I feel are going to pay more than it’s going to drop.... just my view.

It’s not nice (in fact quite painful) to see the sp this low and showing the losses a lot of us are showing but when I entered into this I was looking at a minimum term of Xmas but more likely the end of Q1 2021 to then re-evaluate, so in reality what the sp does in between is irrelevant really.

What the f2@k do I mean

You can get premium for under £10 by month then once we get the confirmation info re storm harbour etc then cancel it, if you wish.

So probably you’ll only pay for one month :-)

Misterp

I agree, Mubadala (Wealth Fund) is a highly successful multi billion dollar company with its fingers in many pies across 50 countries who clearly have faith in this investment and we’re rubbing shoulders with them!

Exciting times ahead.

https://www.mubadala.com/en/progress#

@Misterp

Vela didn’t get ‘backing of Pharma co and UAE wealth fund’

They are strategic partners,

From the 20th October RNS.

Strategic partners in the project include, amongst others, a major global pharmaceutical company, UKRI - UK Research and Innovation, Professor Sir Christopher Evans and Mubadala - the UAE sovereign wealth fund

Ha ha got me... couldn’t push the RNS button quick enough thinking it was news of the latest investment :-)

It’ll come soon!

If my calcs are right 1p SP would make a MC of circa 108Million!

I have faith in VELA but a MC of 108M????

Would love to be proved wrong though ;-)

For the uplift, people are realising this is very cheap, we’ve got some good investments and we’re about to get more!

RNS 20th October........ Debt Free, Well Capitalised and anticipation of a lively 2nd half of the year!!

Certain announcements, especially such as those published on 31 July 2020 and 26 August 2020, reflect a huge amount of work behind the scenes and to that extent I should like to thank Peterhouse Capital, Hewitsons, Allenby Capital, haysmacintyre and Bailey Wilson for their important contributions, especially during unsocial hours.

Your company is now debt free, well capitalised with a portfolio of six investments (details of which can be found on the Company's website - www.velatechplc.com) and cash on deposit, at 30 September 2020, of £1,628,000. The cash at 30 September 2020 includes proceeds of £925,480 generated as a result of the exercise of warrants during September. The Company has post period end invested £250,000 in Mode Global Holdings plc, a UK-based fintech group, as announced on 5 October 2020.

The Board is currently considering a number of investment opportunities in line with its existing investing policy and certain of these potential new investments are at an advanced stage of due diligence, documentation and/or completion. The Board anticipates a lively second half of the financial year and announcements will be made by the Company at the appropriate time.

Brent Fitzpatrick MBE

Chairman

Hey Sharebel,

Maybe you should consider getting back in:

RNS 20th October........ Debt Free, Well Capitalised and anticipation of a lively 2nd half of the year!!

Certain announcements, especially such as those published on 31 July 2020 and 26 August 2020, reflect a huge amount of work behind the scenes and to that extent I should like to thank Peterhouse Capital, Hewitsons, Allenby Capital, haysmacintyre and Bailey Wilson for their important contributions, especially during unsocial hours.

Your company is now debt free, well capitalised with a portfolio of six investments (details of which can be found on the Company's website - www.velatechplc.com) and cash on deposit, at 30 September 2020, of £1,628,000. The cash at 30 September 2020 includes proceeds of £925,480 generated as a result of the exercise of warrants during September. The Company has post period end invested £250,000 in Mode Global Holdings plc, a UK-based fintech group, as announced on 5 October 2020.

The Board is currently considering a number of investment opportunities in line with its existing investing policy and certain of these potential new investments are at an advanced stage of due diligence, documentation and/or completion. The Board anticipates a lively second half of the financial year and announcements will be made by the Company at the appropriate time.



Brent Fitzpatrick MBE

Chairman

DYOR

@Hard

‘ninja with only a winged tampon to hand’

FPMSL :-)

I agree, it’s been reassuring to see multiple reply’s from emails sent this week.

I feel this week end on here is going to be the polar opposite of last weekend. I also strongly believe over the coming weeks we will have full confirmation we’re looking for and once we get that then we can say bye to these prices we’re currently seeing.

Amongst all the deramping nonsense this week I took it upon myself to email Storm Harbour......

Good afternoon,

My name is Xxxxxx, I’m currently invested in SYME (Supply me). In a recent RNS they state they are in current talks with Storm Harbour as a partnership, can you confirm you are in talks to work closely with Supply me?

Kind regards

Their reply today......

Dear Xxxxxxx,

I refer to your 11 November email.

I can confirm that the RNS that you refer to is a correct description of the facts and that StormHarbour is engaged by Supply@ME in the circumstances outlined in the RNS.

Kind regards,

Richard Atkinson
General Counsel

Boom, have a good weekend all :-)

Not even bothered reading all that deramping bo110x

YAWN

@Spotify, I agree 'Plural' there's nothing holing him back.

JN must have had/seen a number of great opportunities which didn't fit within AAA policies which he can now realise with VELA and the quicker he gets going with them (Within reason) the quicker he'll make his money...

Exciting share to be involved with.

Whether it's in the morning or not, the facts are........

Chairman’s final statement:

The Board is currently considering a number of investment opportunities in line with its existing investing policy and certain of these potential new investments are at an advanced stage of due diligence, documentation and/or completion. The Board anticipates a lively second half of the financial year and announcements will be made by the Company at the appropriate time.

"a lively second half of the financial year"

SheikyBaby...... still keeping your track record of 90% of your posts contain the word ramp, sometimes twice..

As ive said before to you..... YAWN!

I agree suck it up, a slow daily increase until the confirmation RNS we’re all waiting for is perfect.

Got to remember James Normand only took over the helm in May and at that time he had to sort out the treasury. It’s taken a few months to sort it all and make a couple of good investments. He’s now got a few more ££’s and things in the pipeline/ at final stages of due diligence (as per the RNS) so all in all a great position, very low market cap and early stages of the journey........ EXACTLY where you want to be when making investments!

GLA