Member Info for Noodleman

to set a limit on wait time......

"Results will also be submitted for publication in a peer-reviewed journal within 12 months of the clinical study report being finalised."

sounds like some bodies in the office.... so putting heads together to sort out stuff.

Hopefully on their agenda is consolidation as well...

it's in the interest of the board to ramp up the SP if they want to cash in on next years warrants... I believe the last batch of warrants, so I would anticipate a nice ramp/push up to that point regardless of the drug trial/market progress

Thanks THG, makes sense and also cheers for the summary.

you forgot to add WeShop as we learnt a rough estimate of value on that a couple weeks ago

yup. my math totally sucked.. :D
So looking at around 250 - 280k profit..

It is good news, but a little dissapointing for 7 years wait. however, it's better than a loss! :)

Cheers RKB..

am I correct with this math and numbers. Seems they noted a price of 75p per share for WeShop.

Vela currently holds 71,429 shares in WeShop (the "WeShop Shares") representing approximately 1.4% of WeShop's share capital. Vela originally subscribed for £100,000 in May 2014 as part of a £1 million seed funding round.

thus 0.75 * 71429 =
£53,571.75

So, we're at a 46,428.25 loss?

My math is probably b0rked, been a long week

2.147m cash as of April 1st.

Then, from RNS:
generating proceeds of £21,000 for the Company
generating proceeds of £26,447.40 for the Company
generating proceeds of £70,250 for the Company
generating proceeds of £834,852.74 for the Company
generating proceeds of c.£362,530 for the Company
1,315,080.14 (ok, so it was £1.3m, got a feeling I am missing one.)

Then spent:
£750,000 in Northcoders

so, 565,080.14 remaining.

2.147m cash as of April 1st.
Approx 2.7m in the bank.

so, 25-30%(ish) of the value of the company is in cash at the moment.. still not a great sign for an investment company

it's over 4 million (ish) with all the warrants recently.
£10m market cap, with 40% (ish)of that being cash in the bank....

Fair comments Senta.. and must admit, I've been starting to get frustrated with lack of any kind of updates, even if it's to inform people of revised timelines etc.

An investiment company, with lots of money in the bank to invest, but isn't doing much with it... I initially assumed it's being kept back for something to do with the AZ1656 investment, maybe a double down.. I'm starting to question that.

Not that any VELA board will read this, but if you do.. CAN YOU PLEASE GIVE US A GENERAL UPDATE ON YOUR DIRECTION AND INTENDED PLAN FOR THE NEXT 12/24 MONTHS?

Relates to our free ride as VELA hold KNB. The bit that caught my eye:

The agreement includes the exclusive rights to distribute the Co-Developed Products into both the UK and German medical cannabis markets. The agreement stipulates that Medocann and Kanabo will use commercially reasonable efforts to have the Co-Developed Products available for sale in the target markets, based on 1,000kg of cannabis raw material over the first three years of the agreement, conditional on the existence of all required import and export regulatory documents.

The price at which Co-Branded Products will be sold, which will in any event be at least the then-current premium market price, which as of the date of the agreement is estimated at EUR 9.00 (Nine Euros) per gram.

So. that's 9m euros over 3 years. it's a start! :)

KNB, It's an emerging sector with massive potential and they are reasonably well positioned IF they play their cards right over the coming year. I'm heavily invested in the weed sector for long term growth. also helped getting into the KNB IPO, bagged and now on a free ride.. (same with CBX).

on the flip side, VELA is also on a free ride with KNB .

*looks out the window*.. Have you seen the weather today?

I've a feeling he will let this batch slide. the only way they can get the SP to a place that would be of interest to warrant holders is with commercial details related to our 8% slice. As and when those details can be announced will be outside of JN's control.

Unless some other investment has monumental news, we're in a hold right now. It would be nice to see the on hand cash get put to work, however I am wondering if there may be some other oppertunities related to the drug trial which isn't in the public domain and thus, holding back cash with a view to throwing it into something related.

Or, catch a nice IPO like KNB again, double up, de-risk day 1 and further funds to play roulette with

I'm not so convinced. comes down to how you calculate it. most caps have an element of multiplier added onto them. by my calcs we're sitting about right, with zero downside at the moment waiting on additional investments and potentially commercial results for the trial which will slingshot us.

Happy to keep everything parked and check on this again in 2+ years :)

It's been turned around since the reorg, from a loss maker to a profit maker with money in the bank to ramp up investments

I suspect there is a wait to get October warrants out of the way (at current price, won't be exercised) and then it's forward momentum.

Quite happy to sit back and play the waiting game.

A number of those investments were inherited from the former (and totally inept) investors.

because all LTH's are still well in profit.. minimal risk, huge potential upside. the fundimentals for the investment quite a while ago has actually improved over time imo. *hugs large mountain of shares bought on the cheap*

haha, can relate to wanting the grockles to leave! :)

It's only 150% if you got in at the right time ;)

VELA won't need a fund raise for this. our money is already on the table and the roulette wheel is bouncing

we know warrants are clear for a few weeks..

so Monday, it's purely down to MMS BS and buy/sell pressures.

assuming, no updates via RNS for a while. would be nice to see some updates about commerical plans, but that will only happen when things are firmed up.

RNS updates from the past, confirm commercial plans have been in the works since JULY, so some updates should be due very shortly.

without an updates, agree this may track back further. we need details about values, numbers, etc. Monday, will be my make or break day. might sell up, take some profit and sit in the sides for a while waiting.. will see how it goes.

it'll be golden, as we can calculate what it's worth to VELA.

As VELA gets income from this.. they will invest into more things... and in theory we should see some fantastic mid to long term growth.

In JN we trust... maybe.... :p