Member Info for Noodleman

I think "F" just sums it up really... some meaninful updates from the bod which are less cryptic would be welcomed.

On it :)

where's their pr shouting about this wonderful investment. and the money due to arrive?

their fb page, linked from their homepage on website last posted in 2020.

linked-in has them down as a 1 man company.

insta is outdated,

in fairness, twitter apepars outdated but i don't use it, so only just checked a moment ago.

the website news page is just a clone of rns, rather than informative news about what is happening with the investments.

what does their pr company actually do?

part of the reason the sp is so low, is the quality and frequency of meaningful information being sp****, and in some cases cryptic or just wrong. misleading language, such as when they first got into the covid related investment which implied things were closer to being resolved than in reality. this board was outraged at the time with some even questioning the legality.

was the last investment made really tribe technology in may of this year? that isn't even listed as an investment on their website yet... 7 months later.

yes, i'm now a salty long term holder.. little has changed since the promises of change and the sp reflects this. no point selling at this point, will just long term hold and one day hope for new management who can actually promote properly

The pattern continues...... at this point the board could find a mythical pot of gold in their safe and still somehow not inspire any confidence that they know what to do with it...

Really annoyed, as Vela has turned into nothing more than a personal pension fund to milk for the board.

their mission to return shareholder value, has been propped up with.. ZERO action yet again.

Not a chance. hopefully another chance to vote out the bod. remember last time when the promised to improve because of high votes to get him replaced? yea, sod all changed again.

Their annual bonus and retirement plan

Welcome.

Because the board is run by terrible people who need to be replaced, thus confidence is low even when there is good news. Today we will likely be back to .20 where it will sit +/- 10% most days

board needs to be repalced with competent, proactive people.

urg. thought so. guess I vote against this and if it passes. I'm firmly noped and out. no way they are getting this passed

Would I be correct in thinking that resolutions 7 and 8 are essentially the ability to turn on the money printer via issuing more shares/warrants etc?

For reference:
###

Resolutions 7 and 8: to approve the renewal of general authorities to allot shares, which expire at
the AGM, for the purpose of (i) granting the Directors general authority to allot up to a maximum
nominal amount of £400,000, representing approximately 24.6% of the current issued ordinary
share capital; and (ii) disapplying pre-emption rights in connection with the allotment of up to a
maximum nominal amount of £400,000, representing approximately 24.6% of the current issued
ordinary share capital.

RNS Quote:
"Future equity funding can only be raised if shareholders grant the right to the Board at the next AGM (this is as a result of shareholders voting against certain resolutions at the AGM held in January 2022)."

Yea, that's not getting my votes. without checking the details yet, I assume it'll mean the issue of more warrants.. nope nope nope NOPE. that'll just spiral into a loop of warrants, seen it before and never going to support a company that does it again. the last warrants F***d us normal investers.

CIZ, because they don't have the same board as VELA are who muppets

they have put nothing in place to prevent it happening again... they have simply "reminded" people how to do their job... Knowing VELA, that was probably done via a single sentence email which was never acknowledged..

Excuse me? is that all? If I oopsed with somebody elses cash to the tune of £300k, people would be replaced.

Also, I think a terrible investment. Really just need the AZ stuff to conclude so I can leave here with whatever is left, which is why I suspect a number of others are still here and probably the only thing keeping the SP at the price we're at now.

whatever shred of faith was left in the company is now gone. bod needs to be replaced, the dream team is a nightmare team. if I still happen to be here for the next round of voting, I'll happily vote for replacements! A team of chimps could do better....

Just a reminder of a post I made back in December related to the AZ stuff.."Results will also be submitted for publication in a peer-reviewed journal within 12 months of the clinical study report being finalised."question is, what date was/is the finalised date + 12 months?Also, at this point pls put a bunch of possible investments on a table, then see whatever one a CAT sits on and just invest in that.. urg, need price to go up based on some glimmer of knowing what they are doing so I can get out of this pile of mismanaged crap. unless, it all comes good ;)

incompetent leadership hire incompetent people who do incompetent things on their behalf.... seems like it fits their general approach quite well imo. todays RNS annoys me greatly, to the point of giving some serious consideration to ditching my holdings, taking the loss and moving on... grrrrrrrrrr.

BOARD, GET A GRIP AND SORT IT OUT....

Director buys would be better IMO. Nothing says confidence more than putting your own funds on the line

Was a strong advocate of VELA for some time based on SGS given the wording of various RNS updates. Along with many, levels of frustration around the way these have evolved and today find myself contemplating my future with this (significant) holding. Thought I would see what other long term holders opinions may be?

The only plus I can see at the moment is this years warrants can get in the sea, so are zero threat. Perhaps SGS will come good long term. Losing faith in the bods at the moment. Where's the roadmap for the money in the bank!? IMO, VELA need to share a meaninful update on where things are in the pipeline.

Quotes and timelines for reference:

8th April RNS:
Subject to successful indications in June 2021 about the outcome of the study, conversations about commercialisation and potential license deals with third parties will commence at that time.

9th September (ok, so they used AND/OR...., but is implied with "immediately" that this is starting today/this week):
Further to the update released by Vela on 6 September 2021, the Board of Vela has been informed by St George Street Capital ("SGSC") that, following receipt of the final data from the ARCADIA Phase II clinical trial, SGSC will immediately start to undertake commercial discussions with potential licensees and/or fundraise for further clinical trials to investigate SGS002 ("the Asset") in a larger study.

16th September (Implies they went commerical route as no use of and/or).
We understand from SGSC that, following the successful results of the ARCADIA trial released last week, it has begun commercial discussions with potential licensees of AZD1656 and will be using the proceeds from the sale of its Vela shares to develop several new innovative-drug programmes.

14th December (Implies commercial discussions are ongoing):
Further to the update released by Vela on 9 September 2021, the Board of Vela (AIM: VELA) has been informed by St George Street Capital ("SGSC") that the Clinical Study Report ("CSR") from the ARCADIA Phase II clinical trial has been completed. SGSC are undertaking commercial discussions with potential licensees and partners and examining options for the next stage of the development and approval process. The finalisation of the CSR formally marks the end of the ARCADIA trial.

7th March (use of Potential commercial partners implies nothing yet making meaningful progress):
"This update from SGSC indicates that the promise shown by earlier test results (which we have reported on previously) is being maintained. We are pleased that the latest analysis of the results of the study of the application of the AZD1656 treatment is sufficiently encouraging to result in active engagement with potential commercial partners; and thus to vindicate our decision to invest. We remain confident that the AZD1656 treatment has the potential to show a healthy return for SGSC and therefore for Vela."

If only they didn't token sell some of the holdings so they could release an RNS to make people feel like some news is better than no news.... .... no need to have done that with cash in the bank. *sigh*.

even if it is a dud, the SP already reflects that (actually,, we're under valued considering assets + cash).

will wait for clarifying official news updates, but should there be some doubt over the integrity, and potentially legality of some of the possible shady information formally provided, I would like to think it would be thoroughly investigated by the appropriate officials.

clear as mud, waiting for rain to clear mud away....

75 even.. .coffee yet to be absorbed!

£100,000 ROI per year in interest at 10%...
assuming no compounding, same for Y2..

£200k guarenteed minimum return in interest alone?