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It wont be long until twitter is awash with rocket emojis alongside #VELA
1/5 of the MCAP held in cash with news due on a major investment (SGS) + existing investments performing well.
Come on JN give us another RNS indicating how you are spending that £2m sat in the kitty!
Its certainly a decent size investment but its not the only news worthy investment. There is nothing stopping JN taking a big investment in something else in the next few weeks or the other holdings in MODE/KNB/MTI taking off (The success and stratospheric rise of AAA wasn't built on one investment).
Everyone should invest in a way they are comfortable with but selling at this level makes no sense to me.
As I have said on here a couple of times before, it seems some holders have become obsessed with the SGS trial.
VELA has over a £1m ready to invest and a selection of investments that are already producing profit. SGS is certainly important but represents one slice of a big pie.
As I have said on here a couple of times before, it seems some holders have become obsessed with the SGS trial.
VELA has over a £1m ready to invest and a selection of investments that are already producing profit. SGS is certainly important but represents one slice of a big pie.
http://www.sgscapital.org/#news
Looking good with 144 of 150 patients recruited and potential to move to commercialisation stage in June.
That news cant come soon enough. It was always going to take a little while for the dust to settle on the consolidation but we are somewhere in the region 25% down in 2 weeks!
The VELA website investments page is starting to look quite healthy (it's not all about the SGS trial). JN clearly know the game - http://www.velatechplc.com/investments/
The Cornerstone investment has turned out a little better than expected (JN got a few more shares for good measure).
£350k invested (Split: 400,000 shares at 50p + 245,902 shares at just under 61p = an average of 0.54)
On the above maths VELA is already 13% up on todays CSFS closing price.
It wont be long until we see some upward movement. Most of the sells today have been tiny compared to those being bought.
A little update from JN would be much appreciated to help us along a little but probably isn't needed in reality. Watch this pop when the sellers dry up.
Broker accounts should start catching up now and offering the shares (II took a little while to show up) - Great opportunity with sensible mcap and what looks to be a very experienced BoD.
The BoD need to get some blockbuster news out to keep the SP above .40.
Although there will be the usual rampers claiming the new isa allowances will save the SP, no one is going to throw their money into SYME if they expect a repeat of last week's news shambles.