Member Info for THGambler

CDT up to $5.40 pre market (at time of writing)

Its showing now

I guess the best way of looking at this is imagine you were looking to invest in VELA. Would you buy in looking from the outside? As mentioned by someone the market likes clarity and VELA is far from clear hence why the SP is approx half what is should/could be if it was clear!

Asia - yes i have us somewhere around £6.5m which should have the SP in 4s. Unfortunately this is a best estimate as we do not know what the BoD have sold to pay the wages and expenses etc.

Just to clarify a few things

- it is a VOLUME weighted average meaning that if today there was huge volume over $5 then the vwap would likely be over $5 so there is a possibility that we could exercise after today and get LESS than the 976000 maximum shares. It would depend on the vwap. EXAMPLE- if the vwap was $5.5 we would get $4.8m worth of shares at that price = 872,727 shares so when we exercise does definitely matter .

- commercialisation of AZ1656. From what I can gather and this is by no mean a given - The positive results of the Phase 2 trial were over 2 years ago of which we were told commercialisation would be almost immediately! 2 years on and no commercialisation the drug has not even had a phase 3 trial either. Secondly, i believe CDT have control of the drug and have said they will not pursue the drug for use in COVID which is our only hope of getting any royalties.

I am on the side the option has been exercisable since the IPO no matter the price. I just can't fathom why we haven't done it!

Exactly! If it is the fact that the vwap has to be between that for us to exercise the BoD have gambled massively with 2.7m!! There is still no guarantee the vwap will rose above $5 before Feb

I can only think that the theory of the vwap having to be between $5-15 is the only explanation. If that's the case the vwap will still be below $5 as it's for the 10 previous days.

Exactly, no one really knows. We have potentially been given a huge lifeline here. We have to act!

Quite the opposite! It's great to see CDT getting into the realms of the £4m option agreement. As long as we exercise and stat realising some of this profit our SP looks a steal. We have potentially 150% of our MCAp in one investment!

So if CDT goes crazy again tomorrow the vwap could actually go above $5 meaning less shares if we exercise, depending on the vwap.

I agree, I would have thought any disposal which generates cash for the company would be notified by RNS especially if they have sold the lot. Even at the minimum SP of CDT that would have been $500k. Not huge money but certainly news worthy. Lets hope they haven't sold any yet though.

Crazy price action on CDT.

This should be fantastic for VELA, we should have £4m worth of shares.

I know no one on here likes to talk about CDT as there are bigger things in play but CIZ is benefitting from the rise there. the 395,460 shares which were worth roughly $500k last week is now worth $1.1m, I would have thought that is going some way toward the rise.

Lol, I'm not entirely convinced Postman isn't Brent. Never has a bad word to say about the BoD and he's been here long enough to be significantly down on his investment and seen all the wrongs they have done.

All the while they are selling shares in other investments to pay their salaries. Selling at significant losses no doubt.

I agree. Would be great to be in a position to take advantage if this goes higher still.

Everyone wants the same thing, exercising of the option, everyone except the BoD it seems. Let's hope for news soon.

Great! We should be exercising the option tomorrow then!

Good news for all.

Look at CIZ share price rising with the CDT increase. that could have been us!