Member Info for THGambler

Yep seems to be the same guys trapped in here! ironically we are the most critical as well lol. I guess we should learn from this! There is no explanation for the ever widening gap between Mcap and investment value. Something needs to change here.

Yep CDT up again so far today and the disparagy between Mcap and investment value only widens. Roughly £2m between Mcap and Fair value. If i am Chris Cooke and have the money I would seriously consider a takeover. Its not as if VELA has any debt, its just sentiment is against the BoD. A new BoD and a new lease of life. Maybe if Emma is voted out next week the tide will turn. Lets just hope the votes go with us this time.

To add some further context to this, with our SP of 0.215 giving us an MCap of circa £3.5m the SP of CDT could drop to $1.10 for our investment values to match our current SP (provided our other investments don't also all plummet!)

Hope that makes sense!

MCap - £3.5m

VELA investments - £5.1m

Will our SP react though tomorrow?! Let's hope so! Being down at 0.24 is a joke .

Hate to be the bearer of bad news but the BoD have not sold our shares in CDT. Look at the volume the last few days, only 133k shares traded today. Remember we have over 1m shares. Don't expect anything before AGM.

The untimely mess on LSE didn't help any momentum that was building. buys going in again though.

Maybe they could spend a little on the website?! maybe update the investments and the amount of shares we have in each.

What would really help is if we could have a quarterly update which states the above if they cannot be bothered to update website.

Yeah don't think the fallout from the LSE mess has righted itself yet.

Yeah agreed Dave. He would get my vote. Least he has skin in the game.

Really?! He owns 7.5% of the company. Just increased his holdings by another 100m shares.

Chris Cooke sees value here

Yeah you are right. AIM in a roulette table now. Rather than have a fundamentally sound investment an SP goes higher on rumour and potential. As we have seen here and I mentioned yesterday, our SP went higher when the news came that the merger was confirmed but when news that we exercised the option, received more shares and our investment was actually worth more, the SP went down. There is no logic. But fwiw i will be sticking around here for the time being

So for perspective:

MCap - £3.8m

VELA investments value - £5.7m (even with CDT valued at $3.60)

So still valued £2m below fair value.

This does represent a good buy in price

As per RNS:

Following admission of the Consideration Shares to NASDAQ, which is expected to be during December 2023, Vela will hold approximately 1.38% of the issued share capital of Conduit.

I don't think it's VELA selling unless their consideration shares were admitted today and sold immediately.

Certainly not the day anyone expected. But it wouldn't be VELA if it didn't go down after a good news RNS.

If anyone is in need of cheering up head over to the advfn as I think Joe Bloggs has found a new home there.....

The SP went higher when the CDT merger went through! now the merger has happened and we have exercised the option and got more shares than we thought and the investment is now worth some £700k more than when we signed the option and we can't get over 0.275.

This could be taken over just for the CDT shares alone at this price. The extra £2.5m in other investments is a bonus...

I don't think that is fair. Some of us have been here for years. Watched, as the SP went into freefall but stayed as we were told commercialisation would be almost immediate.

Thankfully this investment has paid off but you only has to look at the other investments to see the performance:

MODE - down £300k

CSFS - down £260k

MTI - down £120k

CODE - down £130k

SKLS - down £54k

Igraine - down £350k

TSP - down £234k

I don't suppose some of you have heard of any of these investments though. CDT is the saviour luckily. Obviously their is concern (and rightly so) what the BoD will do with the money.

There is a reason the SP isn't reacting to such good news and its not because a few of us are taking the BoD to task over their performance.

The market values this company circa £2.5m below the value of its investments alone keep that in mind when you blame the BB.

Also CDT gone green pre market at the time of writing its $5.60 which is worth £4.7m to vela alone