Member Info for THGambler

In a n ideal world, yes. BUt like you Dave i like to think we have a fairly good grasp of where we are with the investments but due to the lack of updates from the BoD when they dispose of any shares etc I am not sure where we are exactly.

Personally i would like an update with the amount of shares we hold in each company we are invested in, cash in the bank and the plan moving forward with the PUT option. The first two parts (amount of shares in each company and cash balance) should be so easy for them to do!

Yeah i agree, lets see where we are with the other investments. As had been discussed the BoD had to of sold something to keep the lights on as the £50k in the bank is all gone. Quarterly update with all the facts and figures and it makes it a lot easier for new PIs to make the decision to invest.

Exactly! so much value still to be had at these levels. Obviously the new merged company is due to start trading today so lets see how that goes. I think we will hear from the BoD next week with hopefully their plans moving forward.

Forming a new base which is still way below fair value. If you have been in this a while like myself we just need to stay patient a while longer while all this plays out.

2B shares traded today! volume is back with a bang

It certainly spices things up a bit! good to see buys taking over again.

I see what you mean Dave, if the vwap is say $11 for the previous 10 trading days then you are right we get a phenomenal deal if the Murf SP stays higher! All in the timing!

In laymans terms a quick tot up of our investments we have circa £2.8m live an non current investments and cash (not including SGSC). If we add the £4m from the PUT option we have an investment value of around £6.8m.

Our Mcap (at the time of writing ) is circa £4.8m, so still potentially still £2m below our investments alone....

So an SP of 0.04 would be fair value.

Asia, i said a while ago, i personally would like to see us sell £1m of conduit shares to allow for working capital etc and leave the rest in and see where it goes. Our BoD have not been great with investments but when they stick to pre IPO investments we tend to do a lot better. having £3m of share in a Nasdaq stock should be beneficial for sure. If AZD1656 does eventually get commercialised we stand to gain very well from Igraine and Conduit whilst having realised a profit already!

Afreed BigDave. Really think they should leave in as much as possible with Conduit/Murf. If the drug comes off then we will have exposure from Igraine and the investment in Conduit. Plus would stop the BoD investing in more dudds!

No completely wrong matty. They paid £2.35m for the interest in SGSC. then paid £400k for option fee. All told we are in to the investment for £2.75m so if we get £4m back its £1.25m profit on an investment the market had written off

Murf SP is flying pre opening.

Crazy this hasn't moved more, I know there is a bigger play to be had here but to add over £3m to a company with an Mcap of £7m isn't a small thing.

Agreed Asia! Joe is being a right Debbie downer at the moment

Exactly suthy! It's criminal invesyirs could get in below 2.2 this morning. Simple maths, mCap is 3m this investment alone is worth 4m

We are now going to see the difference between a BoD who care and one who doesn't. Ciz have an RNS out regarding the merger, confirming it passed the vote. Vela have nothing...

Excellent! So should we exercise the put option we have around £4m of murf/conduit shares to add to the investment values.... with our MCap of £3m!

I can't find anything. Seems bizarre but not sure how these things go over in the states. Over here we would know almost immediately.

If we added SGSC our investment value is over £5m hence why the only thing priced in is a failure of that Investment....

What? Before the drop in CODE which was in the last couple days our Investment value and cash value was £3m (even with the £400k option fee taken from the cash reserves) not including anything to do with SGSC. Our Mcap is £3.1m so there is nothing at all priced in for SGSC.