Member Info for LtdAxis

Yes, VELA have done very well out of this relative to the pipe financiers and Cizzle.

All may do well in the end , but as I mentioned the other night it might do well for those with a higher exercise price to buy VELAs shares for something close to $10 to keep the price up for them and VELAs shares out of the free float for now.

If that were the case Vela will have done very, very well indeed !

It makes you wonder why VELA were given such a good deal, other than the crash in share price after the merger was just not factored in and they thought perhaps it would go the other way.

This one is quite good:

https://www.marketwatch.com/investing/stock/cdt

Nice to see CODE picking itself up from the floor ( although still up on original investment)

The fair value of our original investment in AZ1656 + the price of the put option was about £2.75m or $3.5m .

At $7 a share with over a million shares our investment value has doubled...and is now liquid

At the merger there was quite a lot of cash thrown in to conduit in the form of 'pipe funding' at $10 a share set price. At the last minute this funding was reduced to about $20 million from around $27 million previously ( this is from memory so only an approximation)

Would it not make sense for VELA ( and CIZ for that matter) to have negotiated some kind of deal with these pipe funders to sell their option shares to them. Co-incidence or not the combined value of both CIZs and VELAs options were roughly the amount of the last minute reduction in the pipe funding.

If they were bought for somewhere in the region of where they are now ($7.5) the shares would remain out of general circulation and not depress the price through dilution and the funders would get a proportion at less than the original strike price and both vela and Cizzle (especially VELA) would have done a good deal.

Just a thought

Bid now on 0.026.

A steady rise rather than the quick up and down of recent times

“ If you agree to receive shares in a company to the value of £3.25M and they are now worth £2.15M please would you consider yourself to be “up” ?”

They were worth £3.25 at exercise price of $10…but as others have said the real point is what they are worth now compared to what the original cost was ( circa £2/2.25million.)

Now worth about £2.5million which is readily available and no restrictions . Could in time be much more .

Are you turning insider knowledge into a guess to avoid trouble ?

No placing

Quadrupled this year …. But still down on original investment(s)

I agree Musk.

True value here is seeing what others fail to see. And it's all in plain sight! It has been a long road though!

A bit harsh Noodleman!

The put option negotiated with CDT was a good bit of work...considering the original investment in the COVID 19 aspect of AZ 1656 was all but dead in the water. And getting double the amount of shares compared to the original CDT listing price with no restrictions was also good work . As was the timing of the exercise when CDT was on the rise.

The fact that the Vela price has yet to catch up is an opportunity if a bit frustrating.

CSFS is also still flying at year highs

Double already!

Option worth £2.15 million at closing price yesterday…so just above break even on original investment

I wonder if we have been part of their new placing ?

It’s worth noting that VELA got a good deal on their option as it wasn’t a fixed price like Cizzles …and both were overvalued by CDT compared to the actual investment value ( revealed in cDTs accounts ) .

back of a *** packet maths :

for every $1.25 rise of cdt over $ 3.5 ( break even on original investment ) should be 0.01p on vela.

if current investments + poor sentiment pre exercise gave us 0.175p…we should now be 0.0375p on similar poor sentiment after exercising the option ….0.05p on market cap with neutral sentiment. and 0.06p plus on market cap and more positive sentiment .

good time to buy

At time of writing CDT holding up £100k on day ($6.2)

Ensilica down £9,347. (Down 1p on bid)

CSFS up £ 11.9k ( up 2p on bid)

All others unchanged

VELA down 🙃

Just 10 cents rise in CDT is +£81k for vela

Just today our investment in CSFS is up £11.9k, and around £25k+ since the quarterly report date