Member Info for THGambler

Another day goes by without notification of the option being exercised leaving the SGSC investment in limbo with no value able to be put on it.

CDT SP is weird, always seems to increase out of hours then inevitably finishes the trading day down.

Yeah agreed on all. Concerning that we haven't had confirmation of the option being exercised. This is the BoD chance to show they have their finger in the pulse...

What would you do then Joe?

The last 10 trading days are all under $5 so the vwap is below $5. We should be exercising the option.

Based on the current CDT SP ($1.70) then the 976,000 shares we should be getting are worth $1.65m.

It should just be a waiting game for the SP to increase, ideally with news.

You would like to think they will notify us once they have exercised the option, its not as if its 10-20k, we are talking millions so they absolutely should let us know. The vwap must be down $5 by now, or maybe one more day.

They will need to generate some cash from somewhere shortly as the cash balance only had to the end of October or so.

So you should sell on the spike then Joe?!

Maybe I have been in VELA too long but a £20k loss represents a good return for our BoD!

Not £49k. That was the original investment but sold half on IPO for a tiny profit.:

· On 20 January Vela subscribed £49,000 for 700,000 shares in Ethernity Networks Limited, half of which it sold almost immediately at a profit of £600.

Found this online, hopefully shed some light on things for everyone:

Here is an example of how to calculate the Volume Weighted Average Price (VWAP) of security:

Suppose a security traded 100 shares for $50, 200 shares at $60, and 150 shares for $70 over a specified period. Thus, to calculate the VWAP, we first need to calculate the sum of the products of price and volume for each trade:

$50 x 100 = $5,000

$60 x 200 = $12,000

$70 x 150 = $10,500

Next, we add up these values to get the total dollar value of all trades:

$5,000 + $12,000 + $10,500 = $27,500

Finally, we divide the total dollar value by the total volume of shares traded:

$27,500 / 450 = $61.11

So the VWAP of the security over the specified time is $61.11. This indicates that, on average, each share of the security traded at $61.11 during that period. It takes into account both the price and volume of trades.

Joe take a break, your constant negative recently is boring.

Musk15 - we don't know that the vwap is at $5 yet, it's not as simple as taking the last 10 trading days closing price and getting taking average, it's to do with the volumes as well. Admittedly i do not know how its worked out but it may be a case of the vwap still being over $5 so could be the reason the option hasn't been exercised yet.

There is so much wrong with that statement Brondby I can only assume your just trying to wind up Joe.

I agree Jimmy, its not huge dilution but $4.8m (although depending on SP the actual $ dilution will be less if the SP is under $5) shares is still a chunky amount but on the flip side the exercising of option would show we have shares at $5 so should boost sentiment?! Although this didn't happen when CIZ exercised their option at $10 to be fair.

We have already paid the £400k option fee. We don't have to exercise either.

Yeah lets look positively here (especially you Joe). if we had the maximum amount of shares of 960,000 the value as of closing price last night would still be £1.8m ($2.16m), while that doesn't represent the value we wanted currently, that's still £1.8m more than many including the market had attributed to the SGSC investment.

Looking more positively like Musk15 has said, once we have the shares lets sit and wait and hopefully watch the SP and subsequently our investment increase. You never know maybe CDT will release some news which will help further!

But first things first we need to exercise the Option when appropriate.

Yes, like i said yesterday once we exercise we have a definitive value to give to the SGSC investment which had bee previously valued at zero by the market

Generally speaking yes, you would expect to see an uplift in SP when someone has bought in higher but like we saw here when Laiker got rid of his shares for 0.4p our SP didn't react in an upwards trajectory!

To be fair to the BoD if the vwap is below $5 it would have only been after close of play yesterday in the US.

I get that but with respect, if it was guaranteed shouldn't the SP be a lot higher?? In the meantime how do we pay for the retrospective trial and ongoing costs? Use the loan facility and have further dilution etc. These are all valid concerns which if CDT comes off takes those concerns away. All I'm saying is everyone dismissing the CDT investment are missing the point.

The consideration shares are the share we get not the vwap share price..... If it said at no point should the vwap be below or above then you would be correct.

Agreed OAK. How long until we find out whether CIZ1B biomarker performs and what if it doesn't? Will we still need to ignore the fact that nearly £2m has been invested in CDT and offers no return? Very naive to ignore the fact CIZ don't have enough funding in the hope something comes off.

On the flip side if (hypothetically) CDT SP went up to $20 and doubled the money invested I'm sure slowlyslowly won't be saying it doesn't matter!