Member Info for MrSpeculator

Spread has been 1p-2p for the last week or so
It has now gone to 4p and then 3p when 80p buy price was shown just now.
It we can push through 80p then the MMs will struggle holding this back. As this is off the back of 24M shares traded yesterday which was the highest volume day in weeks
buys vs sells yesterday were nearly between 2.5 / 3 to 1 in favour of buys depending on where the unclassified (neither shown buy or sell) is reflected

Did someone post that the next barrier is £1.20 ish or £1.40 wish
While we had a constant seller over the last week, that has been more than matches by a constant buyer.
If the seller has finally sold off the shares. And Lombard still scooping up shares, can we finally break the 70p recent ceiling and £1 too? These are not statements just questions

Hello Expat,

Apologies for the delay. I see you got an answer in the end.

The main thing is it is good news for the company re the US SBA Loan.

The SP is ticking up too. I have tracked the activity over the last few days and seems it is picking up finally.

No idea why the spread has been so wide it is ridiculous.

GL all.

NOTE at the end - Velocys is confident that it will meet the criteria for this "forgiveness".

US SBA loan approved - RNS - London Stock Exchange
News Release



Velocys plc

("Velocys" or "the company")





15 April 2020





US SBA loan approved



Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce the approval of a $709,000 loan from the Pay-check Protection Program awarded by the Small Business Administration (SBA), a US Federal Agency.



The SBA program is part of the Federal stimulus package known as the CARES (Coronavirus Aid, Relief and Economic Security) Act to offer help to small businesses in the USA during the Covid-19 crisis.



This unsecured loan has been awarded to support Velocys' US payroll costs in the short-term. It is an unsecured loan with a 2-year maturity and 0.98% interest. No interest or principal payments are due in the first six months. The loan is however eligible for "forgiveness", becoming non-repayable upon application by Velocys after 60 days from receipt if used for retaining US employees and maintaining US payroll costs of at least this amount in the period until the end of June 2020. Velocys is confident that it will meet the criteria for this "forgiveness".

Velocys expects to draw down on the loan shortly.

Hello all,
We often hear a lot around candles, moving averages etc.
Any technical experts around this current £5 resistance we are currently seeing. It might be helpful for some of the more recent investors.
GL all