Member Info for THGambler

And what if the price doesn't hit $3?

- if the vwap has to be over $5 then the this has already happened when the SP of CDT tumbled the Vwap would have been on or around $5 at some stage s the BoD could of exercised option. If they have missed the boat and we need the SP to be over vwap to be over $5 again then that is now out of the BoD hands and ay not reach that before our option expires.

- The SP of CDT may never get higher than it is now before Feb and we are sat on our hands. the longer we leave it the less control we will have.

our MCAP is £2.5m, currently if we had exercised out option with the full 976,000 shares we could show that investment would be around £1.9m alone! add in the rest of the investment and we would be well above our MCap in live investments!

The market does not trust the BoD to make the right choice otherwise this would be a BUY at these levels.

Exactly. No value for shareholders while the option remains unexercised. We only have till Feb to exercise it. Honestly can't see any reason why we haven't. As always the BoD could put any speculation to bed with an update!

Yes, the eternal unanswered question - why haven't we exercised the Option.

CDT looks to have good momentum and our 976,000 shares in waiting would be worth nearly £1.9m!

Despite the positive movement from CDT, VELA stays stuck at lows, proving that the market has now disconnected VELA from CDT as we have not exercised the option which is fair enough.

Perhaps a quarterly update could update us to why we haven't exercised the option.

I have just done my votes for the AGM and obviously voted against reappointing Emma Wilson. I honestly do not think we have heard anything from her.

As BigDave highlighted our illustrious BoD have a combined 1.5m shares between them equating to the massive sum of £240!!!! Let that sink in

Lol well done fellow BB members it's our fault the SP is where it is lol.

Big Dave 0.01% tells us all we need to know. They could invest like the rest of us but choose not to, but that's the BB fault

Not on telegram but will be voting any board member out.

It must be bad here if we need MODE to save us! it would have to go up X25 for us to break even lol

Hopefully having some time out! He needed it!

Yep, looks like a pump so some biggish dumps could happen

Exactly, Brent should be voted out as it was really quite close last time. Unless they think they have enough votes on their side they need to release some positive news before the AGM.

Surely the BoD have to deliver some form of news before the AGM on 11th December?

Welcome to VELA!

On a positive note, not seen a 62m share buy for a long time!

Joe are you really that stupid? They are referring to the put option as the reward that could be reaped. Ffs.

Yes Joe. I am the clueless one.

Looks at the facts Joe. AZ1656 for use in covid isn't happening. The 'successful' results were over 2 years ago. In that time the immediate commercialisation has not materialised, Covid, whilst not gone is no longer seen as the threat it once was and CDT have even said they won't be pursuing AZ1656 for use in Covid. Not sure what other evidence you need. If this was really successful then it would have been snapped up within the last 2 years. we on the face of it got a good deal from CDT only for their SP to implode (like most of our investments).

Not sure what you're on about under that thread the same thing I have just said was said?!

Unless you were referring to your own post?

Where? i must have missed that

Joe there is not going to be a commercial deal for AZ1656 for use in covid treatment which is the only way we would get anything for our 8% royalty. We either get shares in CDT or 8% of nothing.

Agree Musk, what is the point in waiting to exercise the option?! least if they exercised we have a value to the investment rather than 8% of nothing!