RE: 91122 Sep 2020 12:43
I personally would like to see a rto with something that is revenue generating.
Update re. Secured Bonds 2020
and Company Update
The Board of Vela (AIM: VELA) today provides an update on its £550,000 10% Secured Bonds 2020 (the "Bonds") and an update on the future strategy for the Company.
Key points
·; Supported by the Security Trustee and principal Bondholders, Vela has extended the repayment date on the Bonds by 6 months to August 2020
·; The Board continues to progress discussions with a view to effecting a corporate transaction, which may result in a substantial investment or an acquisition to utilise Vela as a reverse takeover vehicle