Member Info for ns20

I also suspect that MODE also need to consider other crypto currencies. This being said I am not a fan of crypto, I fundamentally don't get it. It is simply a value of human greed in my view. Fair play if you can make a bit of money with crypto trading but it is something that I am not into.

My biggest concern with the MODE interims was the administrative expenses. These need to fall and turnover needs to increase in my view, else they will have no option but to issue more shares in the not so distant future. The money in the bank will not last for 12 months without one or both of them happening.

Coupe of MODE RNS's
Change of Advisors & Interims.

There were a couple of RNS's about it. . It seems to have been a slow burner over the past 12 months. . . Could it be that it is starting to wake up? There is only so much longer it can go on, looking at the financials, without having an uptick in turnover / profit. Perhaps upscaling is here?

https://www.ucl.ac.uk/news/2021/sep/new-covid-19-treatment-patients-diabetes-shows-early-promise
https://www.hardmanandco.com/research/corporate-research/strategic-collaboration-with-sgsc/

When you see transactions like this you know the price is being dragged down...
13:23:14 0.071 50,000,000 35.75k O
13:22:27 0.071 50,000,000 35.75k O

https://www.londonstockexchange.com/news-article/KNB/cbd-line-launched-in-the-uk-on-handpickedcbd-com/15143898

Alphawave are up 20% today ……that looks like it will be a good one for Vela in the long term

1p by Friday FOMO. pmsl lol rofl

Morning Lth73, I am not so sure. . . if SGS were that flush, they would not have needed VELA in the first instance. As a company limited by guarantee, they are not driven by profits per ce but for creating value in other ways vis a vis medicinal advancement.

There are so many ways we could look at it. . it is all a matter of perspective. . We are looking at it as investors to obtain the best possible financial return for us. SGS have other considerations and taking the cash now is probably better for them. For all we know they might not have enough money to pay their Accountants / Auditors, which might be why the accounts are late.

Cizzle has gone up by 11% so far this morning. . . There is scope for 0.1p today, on that rationale.

James Benamor was the only winner on that one…..

The L2 board, at present is looking good and lining up for 0.1p. . Fingers crossed I have not jinxed it.

Fair play. . valid points from you guys.

VOX M A r KetS

Good Morning all, I have read a number of posts regarding the selling of SGS shares in VELA. I am not convinced that this has happened. The AIM rules for the publication of a TR1 should be "without delay" so considering that could have sold some or all of the shares from 10/09/2021, leads me to believe that they have not sold any. Why would they? They have the inside track on what is going on and the potential for a greater return over a period of time, despite not being an investment company.

This should help one of our many investments

https://www.londonstockexchange.com/news-article/KNB/materia-receives-licence-for-malta-facility/15133700

A figure for buying back the asset, might be a good play…..ie predicted perpetuity for a net present value calculation. That might be a good move. JN could then use that value and get a better return than 8%

We don't actually know if the warrants are being sold in full or in part. The price drop does imply it though, I must admit. Having said that Cizzle has followed a similar trend. Why? More learned peers may answer that one.

Still havent sold any, I am still well up on my initial entry. Not planning to either. I take the view that this is a long term hold. . Thats just my view. .