Member Info for Snowdrops

Is it bounce back time?

I'm not.

Should we be???

Looking at this board since Friday, there's so much negativity, bashing of bod and just saying can't wait to get out. And then people are surprised we're red today. Old holders just can't get over the sentiment of the past.

Look at the facts as of now. All the previous rises over the last couple of years were on rumours/expectations. Friday's rns changed all. We now have very liquid tangible investment with excellent return on the original investment and massive potential.

Everybody is entitled to their own opinion about bod but looking purely at the facts and ignoring sentiment, they turned £2.75m (incl. cost of put option) into $5,596,838 (about £4,664,031) as of today. That is 70% return on CDT investment! You may not agree with how they went about it but the fact is we have as of today 70% return on that and potential to go much much higher! How many of you have achieved 70% return on your own decisions over the last 2 years???

We now have shares in NASDAQ listed company that are at the moment worth £4 million. Surely, Vela's mcap must at least double now!!!

My only thought (and it's only a guess as can't see any other viable reason) is that they will want to sell portion of CDT shares simultaneously /on the same day as option is exercised. They don't want to sell any now as price is so low but given huge fluctuations since merger, it's quite possible that cdt price will go over our break even price or even over $5 soon. That way they can say they recovered the cost plus have free float for future profit.

Will be interesting to see what happens when price gets over $3.5 (roughly our break even).

I actually find his comments extremely helpful and he was right quite often.

It really doesn't make sense why our BOD wouldn't exercise the option now since commercially there's no benefit in not exercising it. Unless they are renegotiating with Conduit to get our investment back in some form. It may be quite likely that's the case and they may have a good chance of achieving it since Conduit changed it's strategy in not using azd1656 in COVID.

Is BOD reluctant to exercise the option now because sgsc investment is currently valued at cost, i.e. 2.35m in the balance sheet. However, once the option is exercised the investment will have to be valued at market value, since it is publicly traded share, which at current CDT price, would half the investment's value in balance sheet. The bod would have to record an unrealised loss of about 1m in the accounts, unless CDT price changes.

Surely there must be an RNS on Monday. If not, can someone send an email to our BOD to wake them up and let them know there's an option to be exercised.

That would be by far the best decision by the bod in order to boost the price short/medium term. I would by very happy with that!

The way I read it is that the price over 10 days can be whatever but it's the resultant volume weighted avg price (which is equal to issue price) that can't be lower than 5.

I personally would prefer if bod sell exact number of shares to recoup their total investment in azd (gbp2.75m) to date and leave the rest in CDT as free ride.

Over the last couple of years Vela has been marked by huge portion of their portfolio being concentrated in one single gamble. They need to prove that gamble has paid off and the only way to silence the critics and entice new PIs is to realize the profit on that investment and diversify. Leaving majority of CDT converted shares on NASDAQ risks just continuing the same old drag of biggest chunk of Vela's portfolio going down as CDT shares fluctuate. Also, if PIs want the exposure to azd/CDT they can easily buy CDT shares themselves and make their own entry/exit decisions rather than risk Vela getting them wrong.

Assuming that they can exercise the option and sell shares at the same time, which they should be able to do, we should still be able to get full 4.8m even if cdt goes below 5 for couple of weeks, all we need is then price to pop over 5 for one day.

It's just standard annual company's Confirmation stmnt that was submitted on 21 December.

Nice positive statement from Ensilica this morning:
https://www.lse.co.uk/rns/ENSI/agm-trading-statement-qglsrun72h9e1ry.html

So, this values Vela's indirect holding in Oscilate at Gbp79,370 upon completion of the transaction.

You could be right. Algo Holdings Inc (if it's the right company that I'm looking at) was only set up on 27 Oct this year.

SGS's 225 shares is only 11.25 percent holding in Conduit. But SGS accounts says they hold 22.5percent of Conduit. What am I missing?

Thank you divyup, that's my understanding too except Vela holding of Igraine is different to what you stated - it's 23,928,080 shares, i.e. 28.82percent holding.

Does anyone know what exactly is economic relationship between Conduitpharma and Excalibur Medicines Ltd? Vella owns 28.82percent in Igraine, who in turn own 2 percent of Excalibur Medicines Ltd. Excalibur Medicines supported trial but can't find any exact information as to ownership relationship between the two cos. Conduit pharma is private company at the moment but who owns it?? Any info greatly appreciated.