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I don't think it would be considered a closed period as the companies and their directors are not considered insiders given everything is being handled by SGS (VELS/Mush et al are simply investors like you and I). Commercialisation news could be dropped by SGS at any time so I guess some directors are buying off the back of this weeks RNS confident that everyone is in for a pay day..
Anything under the 0.8-0.9 range is cheap. As mentioned on here yesterday the value of VELA is still at a level that suggests the SGS outcome is unknown despite the fact that is looks like a nailed on success.
Well done to those loading up at this level as it will look like a complete bargain in less than a handful of weeks.
I am slightly surprised we didn't see a 50%+ rise yesterday. Perhaps we will see a more gradual rise as the dust settles and the media start promoting the success of the trials.
That's right, a company with an 8% share in a covid beating tablet that could save thousands of lives is currently valued at £9m.
Talk about an investment opportunity. Mega entry point for new investors (And yes I am incredibly jealous of those picking up shares at bargain basement levels as my average is significantly higher )
Sub 0.8 we are essentially valued on the basis that the SGS trial outcome is unknown.
We know AZD1656 is both safe and effective in treating covid patients with diabetes and commercial talks are underway. I wouldn't be surprised to see the SP head back to the 0.8 - 0.9 range on todays RNS as it basically indicates that everything is going according to plan. We just need commercialisation news and potentially an indication of further trials as a standalone covid treatment that could be worth a huge sum of money.
I am intrigued?! VELA managed to acquire 8% with an investment of £2.5m (ish).
On that valuation a controlling stake @ 51% would come in at circa £15,937,500. I'm pretty sure that this amount would be too low given the progression made since the first investment (AZD1656 is worth a lot more given completion of phase 2 trials) and more to the point where have the bod managed to get another £13.5m from :)
I don't suppose you can offer up any more information regarding this email?
The phrase "the silence is far from deliberate" may suggest to some that someone/somewhere is dragging their feet? (resulting in VELA being unable to offer up any information)
Either way, its nice to hear the Brent has responded to an email.
Come on VELA, give us the SGS news and put the SP back to where it belongs!
Baffling to see selling continue at this level (no one is making anything). Although I agree that the news flow has been limited, there appears to be a complete lack of patience from holders who are not willing to wait more than a month or two.
Does anyone subscribe to the idea that we will only get news on SGS/Arcadia once Igraine are back to trading? If so, what sort of timescales are we looking at as Igraine should have been back to business as normal over a month ago (accounts still overdue)
I'm sorry but I am calling bull s**t on that gmail account. VELA have their own web domain so have no reason to be using a third party email provider.
The email address they have published is: info@velatechplc.com but I haven't had a response from anyone to don't know who is reviewing what is landing on the doormat.
Its official - we are -50% vs the closing price on the 8th September 2021. The board must be over the moon with what they have achieved!
Does anyone have any contact information for the Board or SGS?. I have tried the details on the website and had no response.
As much as I trust my initial investment decision and have built up a considerable holding (having averaged down quite a bit), the lack of info on the arcadia trials and the £2m sat in the bank is starting to irritate me a little.
He must know something!
The board are surely not going to sit on their hands and watch the share price continue to fall.
Plenty of news in the pipeline. It just seems to be taking an age to get the meaningful stuff into the public domain.
I think the original offer from Boanerges was 75p per share for which VELA hold 71429 shares = £53571.75
I could be wrong on the numbers but on those figures the share price on our end is not going to respond in a positive way.
At that price I would say its a sale rather than a purchase. The majority of buying today is in the 0.59 and 0.60 range.
Its a real shame to see the share price at this level. Unfortunately a large portion of holders have clearly got bored as the majority of sells have been small amounts.
Expecting a hard bounce pretty soon as we are way oversold and have been for a week or two.
Have to agree with you Twisty. There has been a very sudden turn from "low sentiment" to "its a scam" and "i'm out!".
Funny thing is, nothing has changed at VELA. Money still in the bank and news still due on a number of fronts. I just hope no one sells based on the advice of these bulletin boards.