RE: Sentiment is the driver16 Jun 2020 14:38
This is a useful post by Spurious..
Just a few years ago Velocys had a massively oversubscribed fundraise at 230p per share. Such was the positive sentiment in the company and its world class technology that the placing was at a premium to the existing share price.
So what has changed
Not the technology
Put simply we had a clueless BOD led by a CEO who literally "Pummelled" shareholders through corporate incompetence, delayed decision making, and over promising. These days have gone
So what has changed
We have a new BOD who have backed the company with their own cash (more director purchases appreciated guys) and have been major influencers both in their careers and current roles driving govt thinking in green energy through chairing committees and putting Velocys front and centre .They are exactly the right people at the right time for Velocys and importantly have the savvy when it comes to raising the finance and partnering that will be needed going forward.
I have no doubt whatsoever that Velocys could today raise the necessary funding at a premium to the existing share price such is the demand for their shares and the total belief in their technology and strategy backed by Govt.
Sentiment is the driver of shareholder value and after the last few years of real negativity we are witnessing a truly seismic shift which in my view will drive the share price back towards 30p in the next few months and back towards the levels of those previous highs.as milestones are achieved
Long term holders know how quickly the share price moves both ways .The last few years has been unrelentingly down driven by the negative sentiment so given the massive shift (Right product ,right people, right now) We are not surprised by the speed of any rise from these current very low levels .
Onwards and upwards
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