"Wow Ltd Axis, that’s some very strong accusations you make, do you have any proof of this? Strong words with zero proof, why would you even say such a thing? Tin of beans for Boxing Day or?"
Its not an accusation, its a suggestion of what one 'might' conclude when doing research..
I have no more certainty there is any truth in my suggestions than you have that a mega deal is around the corner.
Biggest shareholder associated with Infusion 2009....another one of FGs little gems.....
https://find-and-update.company-information.service.gov.uk/company/05012433/filing-history
The biggest worry I have always had with CLP/QBT is that when the court money or any deal is struck then the money will come straight in and go straight out again via the myriad of non trading companies all run from the same office.
Whatever any short term spike may come from apparent good news, I certainly wouldn't be holding for long...and I suspect that goes for most of the ramping brigade. This has been an occasionally great share to trade, but a blooming awful one to hold long....
Bob: I have looked into many of these operations over the years. Infusion 2009 if you look at the confirmation statement is basically some kind of holding company.
One might conclude its all a sham or maybe even a scam, or just a load of badly run companies from the same office that FG hopes one of which will one day, once upon a time strike lucky.
https://find-and-update.company-information.service.gov.uk/company/07077843/filing-history
I have mentioned this a few times over the years but tend to get shouted down because I’m after a trade/lower buy in etc etc
To some extent it’s standard accounting language to cover their backs if things go heads up etc etc
But of course those words wouldn’t be there if there were no material uncertainty .
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
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
“ 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 .
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