Member Info for ojls

Its down to the BoD to complete the due diligence in the businesses they are choosing to invest in. They of course have less control once the money is moved over to the chosen investment but they can buy/sell once these businesses are listed (KNB being a good example of what can be done with a bit a decent planning and a pinch of luck).
The BoD are not perfect but they do have the experience to turn VELA into a profitable machine (A couple of years ago, new investors were flocking to VELA off the back of James Normands successes at AAA)

I have wanted to use far more explicit language on a couple of occasions (particularly regarding the investment in SGS/AZD1656 and MODE) but accept that I made the choice to invest in VELA and have to either bail out at a loss or average down and stick with it. I think this will come good so have to back the board or vote them out at the next AGM if they dont start producing results in the next few months.

For the first time in my life I am a "trend setter".
I better go find another 60 quid to start off tomorrows buying/selling action :)
With just shy of 50m shares I am going to need a fair few £60 buys to average down to somewhere reasonable but I personally don't think we will be hanging around this level for much longer. The BoD must be feeling the pressure given how slow news has been regarding AZD, the rather poor selection of smaller investments and the truspine debarcle. There surely has to be some good news hiding away somewhere!

Scrub that. I am officially the only person buying VELA today :) £60 is not going to put much of a dent in my average but every little helps!

As a laugh I was going to bang through an order for £60 (cash sat doing nothing in my broker account) but my broker wont execute it! Surely the MM's must have some shares to give away at .28?

Sadly a lot of the names that were popping up on here 2+ years ago have sold up and moved on (most likely at a sizable loss) or stuck their shares in the bottom draw and focussing attention elsewhere.
What we have seen recently is a host of new names picking up shares at around the .0030 mark which in fairness is not a bad punt considering the MCAP is now less than the value of the investments held and cash in the bank.
As mentioned yesterday we only need a little bit of good news and the SP should shift northward pretty sharpish. We just need the BoD to communicate (covering both good and bad news).

If it was "almost immediately " in December 2020 it must be "super immediately" by now. I joke of course. The comms on AZD1656 has been absolute pants which is strange considering it could have been (and may still be) an incredibly important drug on both a commercial and public health level.
In the event that AZD1656 is sold off or licensed VELA will multi-bag. The question is, whether this can happen quick enough to be worth the big bucks or will it just be a case of covering previous expenditure/investment.

The BoD are going to need to get an RNS out pretty sharpish. They could even win a few fans by issuing an RNS that showcases a stringent investment selection criteria and potentially give this "broker" a bit of a kicking.
Surely they will want to avoid looking spineless (had to shoehorn that one in)
Currently sat on just under 50 mil of vela shares so would greatly appreciate some upward momentum if you are watching Brent and Co!

Someone trying to make the most of their "free trading" platform?
I think it's going to be quiet now until we get confirmation of the truspine deal. If it's bargain basement and we stand to do well, holders may overlook the lack of organization from the BoD and their brokers.
I'm certainly not impressed that I'm now underwater on top-ups that I thought were ridiculously cheap :)

If we say there will be an RNS every week one of us will eventually get it right.
On a brighter note. Its a cheap time to be buying. Anyone fancy a top up :)

No RNS.
Patience is required if you are a patient in need of AZD1656.
It looks like we have some new, more excited holders (dare I say, who might fancy a little ramp).
Most long term holders need north of a 100% uptick to get back in profit.
The BoD are still enjoying an extended holiday (that started about 18 months ago).

On a brighter note: every day passed is another day closer to news!

Happy Friday

That's a fair point. In simple terms they have given up to the 30th September but potentially should be issuing a notice of extension each month up to that point?!
It would be nice to think that the deal is done and its just taking a few days to get the paperwork finished before issuing an RNS.

Looks like the buying activity has been balanced out by a decent size sell at 16:09. I wonder whether that's what has been holding us back a little while it was worked. Either way, nice to see a bit of volume changing hands.

We are technically covered up to September as per the results RNS, however, they must surely be near to finalising a deal. Shareholders are completely in the dark on timescales for completion, sale value (both Coos Bay and CZN as a shell). As previously stated in the chat we only need a few million quid overall and we are back in business with the shareholders standing to make a bit of money (well deserved after the length wait).

Amati have taken 6.65% - https://www.lse.co.uk/rns/ENSI/holdings-in-company-9ab8b3ejtxl0i0i.html
That's a vote of confidence.

You will need to bring together shareholders with a collective holding in excess of 10% (the more the better) and likely want to engage with the company via a suitably qualified legal professional.
I am not a big fan of the comms channels utilised by the BoD (or lack of), however, most holders wouldnt be as fussed about the comms if we were trading at higher levels. We just need a bit more good news and a quarterly investments update that shows growth so new holders are motivated to get involved and help give the SP a boot up the backside.

Funnily enough I was just looking at Interactive Investor and you cant presently buy ENSI. It may take 24 hours for everyone to catch up, hence why the SP has been a bit flat today.
I know some were expecting a decent rise this week given the relatively small free float but that can only happen if there are purchasing platforms available to retail investors.
Either way, VELA are up at this stage so no worries from me. I just hope we see ENSI rise a little over the next week and the BoD take the opportunity to top slice early like they did with KNB.

Give it time! As per my earlier post, it wont take much for shareholders to be back the BoD if we see some success with Ensilica and WeShop in the short term with Aeristech due to list later in the year.
We have a good mix investments that have been largely ignored due to SGS (that news could drop any time but its a complete guess as to when).

I dont think it even needs that. Provided Ensilica goes live and the SP stays levels or goes up it will show the BoD can pick a winner which should help with shareholder confidence. Its also a great opportunity for the new PR agency to earn their fees and get word out that VELA have backed a winner.
I am a little surprised we havent seen some upward movement in the last week given we are at bargain basement levels despite it being public knowledge that we have Ensilica IPO on the radar, WeShop is looking good and AZD1656 is still potentially worth a few quid (although that news could land any day, any time).
Who doesn't love the thought of a surprise multi-bagger :)

Whos there?