Member Info for THGambler

Yeah i checked back in here last week and couldn't be bothered to put anything while the ramping was going on. The new board have bits to sort out. They have the Igraine draw down of £50k chunks which, now they have funds, won't be a problem.. They should be trying to sort out the Hamak Gold debacle. This could well be worth a punt but i suspect a few (including myself) would want to see what the plans are before getting in.

The last board showed us how corrupt AIM companies can be. They stole a living off investors for 5 years. Lets hope that the new BoD can get this back to respectability.

Remember there is 56 BILLION shares in circulation now. The upshot is the company is now worth more than the 474k quoted on here. Every shareholder has been diluted.

For those that are new here, anyone remember the last significant shareholder who joined the board (Laiker) he managed to get on the board then sell his shares at a significantly higher price than the share price at the time and quit. Always felt dodgy and no explanation was ever given.

I imagine Cooke will try do similar.

Jesus Christ, this company never fails to disappoint! another 400k gone off the investment value. They have the igraine CLNs to service as well. So assume other shares in companies are being sold down to pay that and the running costs. Nothing to be positive about here. Get out while you can.

i would say that there has been another £50k between 31st december 2024 and 27th jan 2025. considering they had 47k in the bank on 31st december this suggests they have sold more shares in something to pay for this, and would need to be a fairly considerable amount as they need to cover overheads as well.

looks like hamak still not paying up so its all a bit of a **** show.

So joebloggs has changed his name to tradingstar! Why is this Joe?

Remember VELA directors thought HAMAK was worth giving away 13% of the company for. Just chalk it down to another terrible investment from VELA directors.

Hamak lol. So they can sell chunks of shares in VELA but can't pay back the money they owe. Only VELA could broker a deal where they give away 13% of the company and dilute shareholders to a company who cannot afford to pay back a measly 10k a month. such an atrocious deal.

There are 2 ways to look at that RNS and obviously some think it positive and some think it negative.

VELA have admitted that they have enough cash to cover one drawdown from Igraine and that they would need to sell other investments to pay any further drawdowns. As we know, most investments are down so they will (likely) be selling investments at losses to cover the drawdowns from Igraine. There is a minimum of 200k to be drawn down and max of 500k. They must see the value in Igraine to be going down this route.

The Hamak update was not good no matter which way you spin it. VELA gave away 13% of the company (over 2B shares) to a company who now cannot even pay £10k back. Doesn't bode well.

I dunno Andy, didn't our resident chartist give a near term SP of 0.12p. Not sure where he is currently though and obviously what their definition of 'near term' is either. I'm sure he will return at some point.

This needs news to move or the very least a decent rumour of something!

Sticking to the facts - nearly every investments is down, there is no cash, VELA need to sell to generate cash to pay the running costs, their last 'investment' was disaster and diluted SH further. CDT is all but finished. Not sure where any positive news comes from tbh.

The next quarterly update will not be as bad as the last, but they will still have a further decrease in investment value and further selling of investments. As long as there is something to sell to pay the costs this company will keep going and it will be the SHs who lose out when there is nothing left.

Fact - 50m shares dumped in one hit.

Jesus Christ Joe, what you been smoking this morning. You know as well as anyone CDT has a flurry of out of hours trades (sometimes the price has been over 100% up from the previous day) only for it to finish the day down further.

And what on earth would make it bounce to 50 times the prices it is now?! CDT is a shambles, VELA is a shambles and currently has no prospects of recovering. Remember VELA business is supposed to be investing, yet they have no money to invest and need to sell investments to pay the outgoings. They have resorted to diluting SH to try and get investments, which, as we can see from the Hamak deal was just a lose/lose situation, Hamak 2B shares are currently worth half what they 'paid' for them. If they try do a similar deal structure to 'invest' in another company they would have to issue so many shares the dilution would be terrible.

They have sold over 200m shares. I would suggest the 100m trade the other day was likely Hamak which returned £7k. They are obviously desperate for cash and the unfortunate thing is they have another 2.2B shares they can cash in to get some extra funds.

The question of laikers disposal of his holdings has never been answered. Chris Cooke is just a shareholder so what he wants has no impact.

The Hamak deal is why I sold up here, it was a lose lose scenario for both parties which to this day still makes no sense. Look at the SP since that deal...

Exactly that, no news. How are VELA going to start actually making money? Most investments are down (not all), there is no cash to invest in anything , the last investment diluted shareholders.

They sell investments every quarter to pay for the running costs, this model cannot last the way its going and currently no prospects or recovering.

Hi Ltd, they take the values of all investments on the last day of the quarter. Cdt was around $1 end of June so that is where the £2 drop investment is compared to the previous quarter. It has sunk another £600k since. They will also let you know where they have sold shares to pay the running costs too. Unfortunately none of the other investments will make up for a £2m drop in cdt. And it's probably safe to assume any that were performing well will have had some shares sold (and rightly so).

Wait till they release the latest quarterly report. They will have to show roughly £2m reduction in CDT investment which in turn has a massive impact on their 'fair value' of investments.

Hamak need to get rid of 2b shares.... nice of Brent to put a few quid in to try boost the price for them.

I sold the last of my Vela shares yesterday.

The market has seen right through this, as they should. I know it seems as if some of us are being negative all the time but until there is something to be properly positive about we have to see it for what it is. Its a shambles, thinking SH will love the fact that they have diluted the shares to benefit themselves is quite frankly astonishing. I know there were a couple on here who think this is a good deal but they can't have properly looked into the ramifications of this to existing and potential new SH. there will be 2.4B MORE SHARES in issue!! they have given away 13% of the company for this and are open to doing this for other companies. And all that for what potentially getting £10-£25k a month for 3 months, and some CLNs in another company that is struggling.

They should be selling CODE to get some proper cash flow at least they would be selling for profit, which I believe is how they should be working.

There is a reason the BoD have no skin in the game unfortunately.