Member Info for Iguana

Me too.. topped up just before the bell to average down.

But you can’t buy in at this mornings price now!

@Hawkesbay

Look at the market as a whole..... pretty much everywhere is down today (be glad you’re not in RR ;-)

In my opinion, I think today is a good opportunity to top up on Vela. The AGM as has been said won’t move the SP much apart from the re-vote of James Normand at the helm, who, don’t forget is just getting started!

Excellent time to get involved!

Every time a 1 post muppet turned up to ‘Warn us all’ of the terrible mistake we’re making I wouldn’t need to have any shares in SYME.

Unfortunately, I don’t get a £1 so I just ignore and filter them an keep tight hold of my shares :-))

Look at the market cap, debts cleared, money waiting, advanced stages of due diligence..... all with James Normand with the bit in his teeth and on a mission to make money!

There is plenty going on with this share.

@ Crobber33

I can’t see this dropping tomorrow, in my view the increase today was the delayed response from the fantastic RNS the last few weeks.

From the 5th October

Mode is a UK-based fintech group, building a modern financial services business to support an increasingly digitised economy and financial system, combining banking, payments, investment, customer loyalty and digital assets. Its business today comprises:



· Mode app - a digital banking app that allows users to manage their traditional and digital assets all in one place.

· Bitcoin Jar - one of the highest-yielding and most flexible interest-generating accounts for Bitcoin in the market (accessible through the Mode app).

· Business payments (WeChat and Alipay) - payment processing services for UK and European businesses to tap into the Chinese market. Mode has secured key partnerships with Tencent (owner of WeChat) and Alipay.

· Business marketing services (WeChat) - marketing and social media services for UK and European businesses on one of China's most popular communication apps.

From the 20th October:

The Board of Vela is pleased to announce that it has entered into an agreement (the "Agreement") with St George Street Capital Limited ("SGS" or "St George Street"), whereby Vela has acquired an economic interest in the potential commercialisation of SGS's asset to treat individuals with diabetes who are suffering with COVID-19.

https://www.sgscapital.org/

The more you read it the better it gets!

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.

James Normand, still has things tucked up his sleeve :-))

I feel we’ll be seeing more of these days in the near term.

Reading the latest excellent RNS, could UFO be the next Eurasia...... up to 30p+?

Maybe it’s the Unicorn playing games? ;-)

Odd

Following completion of this Fundraise, Vela will hold 500,000 ordinary shares in Mode, representing 0.62 per cent. of Mode's enlarged share capital.

Wonder if JN will sneak another investment in before hand ;-)

And plenty more to come!

Great time to get in/ top up on this little dip!

James is only getting started!

Exactly, this trend happens pretty much to every share that jumps up a large amount like yesterday.....: it settles then moves forward again!

I feel this has go a lot more to give..... JN still has plenty of spending money and has only just got started.

This is just the beginning, so much more to come!

James Normand is positioning all the chess pieces in the right places. He’s already invested in 2 potentially huge growth areas and as per the Chairman’s latest statement we’re in for an ‘exciting few months’ where IMO these prices will be a thing of the past!

There will always get a slight retraction on the SP Before it makes another charge forward. Don’t hang around, grab them before we see another increase!

You can’t compare Laiker to Normand

I agree:

Chairman's Statement



The period under review has been one of significant activity and within this chairman's statement I report on a number of developments covering investment activity, funding and group structure that have occurred in the last six-month period. I am pleased to report that Vela is now positioned on a stronger financial footing with an investment portfolio of six businesses and a strong pipeline of near-term investment opportunities.

‘A strong pipeline of near-term investment opportunities’

Must have been a glitch, it said on live HL the SP was up 42% then went back down to 17% within 3 seconds.

I think 8p for Vela May be a tad ambitious, however it demonstrates what JN is capable of especially with no debt, money ready to spend, low SP and low MC. The combination = some very nice movement in the right direction.

Is working his magic..... remember what happened to AAA in 14 months!! From 0.15 to 8p.

From the RNS:
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.

‘Lively 2nd half of the financial year’
‘Advanced stage of due diligence’

Say bye to these prices.

Great post.