Member Info for THGambler

My angle is to make sure other PIs have another point of view rather than your incessant ramping.

''The 5k sell zzzz the fact I was pointing out was nobody sells 24 quids worth they have a silly agenda'' Shall we apply this logic to the multiple BUYS under £5, is there an agenda there also?

What you seem to leave out Sharebel, is the fact anyone who has paid the highs of the last 2 days have been spiked and only bought thinking the price would rise further but there was nothing to support any such rise. What you saw yesterday and today are PIs selling into any rise to try and claim back their losses. You have started an unsubstantiated rumour about at RTO. The facts as they currently stand are that the company has no revenue, can't afford to pay its debt and currently we have no idea what direction they are going in.

you like to flag a £24 sell but ignore the £5k sell the very next trade.

Stating that 2.6 was paid yesterday does not mean this is a buy, it means some poor sucker got spiked like the day before and you can bet your bottom dollar that if the price went anywhere near that again they would sell in a drop of a hat just to get out (if they haven't already). Also this share got to 80p once upon a time, does that make this price now make this the bargain of the century or another dud?

Where were you when this was trading at 0.5 before suspension as nothing we know of has changed since then?

Maybe this will come good but there needs to be something from the company rather than your ramblings about MMs walking the price down etc.

I know lot here are new to this share purely because it rose from nothing after coming out of suspension. But if you do a little research you will see they already tried to raise funds and could not , per RNS 19th Jan:

Since the announcement on 13 July 2022 of the completion of a £2,000,000 convertible loan note fundraising, the Company has been in discussions with a number of counterparties in relation to a further more substantial equity fundraising. These discussions have taken place against a backdrop of considerable headwinds in the wider cryptocurrency industry which have been well documented. Despite these headwinds, Mode continued to make progress with executing its business plan, including securing FCA approval to add more tokens to its platform and being able to offer its Bitcoin cashback to users from over 300 leading retailers.

Notwithstanding these positive business wins, the Company's recent fundraising efforts have been unsuccessful. The Board is considering a variety of options for maximising value for all stakeholders, which may include a disposal of its business or a subsidiary sale. The Company will provide an update in due course.

Scarlet, only mindless ramping allowed here. wait for the attack on the 3s before the MM's do their dirty tricks and fake drop it..... blah blah blah

Jesus, Mind the ramp!

Lots of gamblers been spiked here. Always do your research before piling into a rise that is unsupported. Hopefully it comes good for those spiked but don't listen to blind rampers.

We draw attention to the going concern note in the accounting policies, concerning the Group's ability to continue as a going concern.

The matters explained indicate that the Group needs to raise further funds to enable the Group to invest in future ventures as they deem appropriate at the time.

Additionally, £1.6 million of convertible loan notes have expired on 28 June 2023. The directors are in discussions with the holders of the convertible loan notes to extend the term of the loan notes as the Group does not currently have sufficient funds to settle these loan notes in full.

As at the date of approval of these financial statements there are no legally binding agreements relating to securing the extension. These events or conditions along with the matters set forth in in the accounting policies indicate the existence of a material uncertainty which may cast significant doubt over the Group's ability to continue as a going concern.

I did just ask the question why people are buying. There is no news to back up the rise, all the info is in the previous RNSs which paint a very bleak picture. Fair play to people jumping in and out for profit but its based on a punt. The company has no money and can't pay the debt as has no revenue at all. even before they shut the revenue making part down they were bleeding £500k a month!

What are people buying for? honest question?

TruSpine is an AQSE listed medical device company focused on the development of spinal stabilisation systems. The Company's £300,000 investment in TruSpine, which has been satisfied from the Company's existing cash resources, is in the form of a subscription for 6,000,000 ordinary shares, giving Vela a 5.07 per cent. equity interest in TruSpine.

There is certainly some chunkier buys the last couple days

Yeah lets hope this is a sign of things to come should the Merger go ahead.

Can't disagree with anything said by Hereshopin and UncleJim. I have tried to be as positive as possible but its just come to a point where a simple change of BoD with some that are reputable and this flies. We are trading at all time lows even after the prospect of a £4m windfall which effectively doubles the MCap alone.

But if you are the current BoD why would you leave for the sake of the SP when you have no skin in the game and are picking up £5k every month to do nothing. It's an absolute farce.

If they do raise, which seemed so unlikely a few months ago with 800k in the bank but spending the 400k on the PUT option (which is fine) and then putting £250k in Tribe when that left the bank balance so low is ridiculous.

What's happening with Aeristech? we have been invested Pre-IPO for 2.5 years and no sign of the IPO! Don't get me wrong the money is safer there than in the BoD hands but still would be nice to see some return on that investement.

Happy Friday!

I know! I have given up trying to work out what our investments are currently worth.

Either way we know the put option is worth £4m and currently our MCap in £2.3m ish. Shows exactly what sentiment does when your BoD show such little interest in anything.

Shock, mode is a dead duck. Its what we expected. They won't be able to raise as they couldn't before. VELA watched that SP go all the way down from 80p highs to the low of where it is now and never mitigated any losses.

Nothing particularly new in this. We knew the revenue was down from the year before and knew they don't have the cash to pay the loan notes. Not sure how they think they will now get funding when they couldn't when they tried to raise before. Call me a cynic but they will keep this going until all the cash is gone. The loan note holder would be mad to extend even though there is not enough to pay them I would suggest 50p on the £ is better than nothing.

Lol, unfortunately releasing a quarterly statement in a prompt manner is considered too much like hard work for our 3 Board members.

Lovely start to another abysmal quarter for VELA.

Looks like more and more PIs are just selling at losses to get rid of this share off their portfolio. I can see why but will remain here until the lie of the land becomes clearer, this could be a mistake if they try a placing etc but like a lot here my losses on paper are so much another dip won't make too much difference. Obviously that makes it a lot harder for the SP to get anywhere near my avg. but have waited this long another 6-9 months shouldn't be too much bother.

Joe please thoroughly read RNS(s) when they come out:

Key developments in the quarter

· 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.