Member Info for THGambler

Shock..... not. its been discussed on here but the rampers didn't want to hear it.

Anyone going to explain the funding package to crypto -enthusiast?

same here bouncer. I stupidly averaged down at the beginning of the week but that looks like dead money now too. says something when our cap is circa 37% less than our investments and cash in the bank without the SGSC investment! I honestly don't know what can move this without a miracle coming from SGSC! We have added £250k to our investment value in the last week or so and our SP has gone down! crazy share that i have been in too long it seems.

Yeah Vela added over 200k in their investment value yet down here at all time lows. Not sure what will turn this around, but whatever it is, needs to happen soon!
Mcap £2.876m
Investment Value + Cash and Receivables - £4.5M (without SGSC)
Investment Value + Cash and Receivables - £6.85M (inc SGSC)

Way undervalued thanks to BoD...

Great discussion Joe. Bury that head back in the sand .

If you know how they will fund themselves then please share as this is a discussion board?

Also begs the question why you asked this on friday of you know how they will fund themselves?

Joe_Bloggs_
Posts: 1,797
Price: 2.75
No Opinion
CLN notes and funding Fri 11:37
What is the status on this ?

Shock, Joe askes 1 million questions then doesn't like the answers!

lol

Shock, Zak has got another one wrong, feel bad for anyone investing off the back of his 'knowledge'. The same questions remain here as before xmas. How will they fund themselves moving forward? Unless the revenue has vastly improved on H1 2022, another funding round will be needed. Also, seeing as not anywhere near all of the loan notes have been converted they are repayable in July too, currently that is around £1.5m worth of CLNs to be repaid. If they sort the funding and can demonstrate vastly increased revenue then this has the potential to have a good 2023 but until those questions are answered this is a huge gamble.

The Board of Vela (AIM: VELA) announces that it has invested £350,000 in Aeristech Limited ("Aeristech"), a producer of efficient, power-dense compressors for hydrogen fuel cells, as part of Aeristech's £5.1 million pre-IPO funding round.

No one really knows! it looks a good business but we have been invested for nearly 2 years and still no sign of IPO.
Looks another day of selling, although not large sums of money it would be nice to see some buys going in!

No the loan note was converted into shares in ENSI so not needing repayment. We received our shares and have since disposed of a few for profit.

It is coming up 2 years since we invested in Aeristech. See below from that RNS dated 25th Feb 2021:

Vela has entered into a subscription agreement with Aeristech, by which it has invested £350,000 in Aeristech, funded from the Company's existing cash resources. Vela has subscribed for 145,833 new ordinary shares at a price of £2.40 per ordinary share, valuing Aeristech at approximately £37.8 million at the issue price and on a fully diluted post money basis. Following completion of this funding round, Vela holds 0.92% of the fully diluted issued share capital of Aeristech.

In addition, Aeristech has issued Vela with 36,458 warrants with a two-year term, each warrant carrying the right to subscribe for one ordinary share in Aeristech at the issue price of £2.40.

I'm sure our BoD would have wanted Aeristech to have IPO'd by now so they could make a more educated decision on the warrants. Depending on the outcome of the meetings they have had with Aeristech I would say spend the extra £90k or so and take up the warrants, time will tell i guess..

Very true, but how long do we hold on in eternal hope?! Our SP has crashed and still going down since results, can it get any worse?

SGSC is complete joke. You cant come out and say the results are successful and that a commercialisation deal with happen almost immediately then literally have radio silence for 18 months?! It is all but confirmed a dud of a trial and I honestly think the sooner this is confirmed the better so everyone can move on. Yes, it was a very risky and expensive mistake from the board but lets just own it now and move on. As mentioned many times before we are currently valued below our other investments and cash balance without the SGSC investment. If anything ever did come of the trial then its just an bonus but very unlikely. Need to reset and forget about it.

I know this is a long shot but the BoD need to step up and try and bring sentiment back. It's frustrating seeing companies seeing increasing SPs with flawed fundamentals while we have a solid base and just continue to slide! Rant over! bad Monday!

Take a look at the market, MODE for example is up again today! they are a loss making company with a CLN in play along with the uncertainty of how they will fund themselves moving forward! Whereas VELA is in funds and their Mcap is £1m below their investments and cash balances yet they are trading at all time lows.... Can see why someone would free up cash and try catch the wave in another company while we trade downwards. Not something i would do as i know as soon as i take my money from here it will rise!

This is the beauty of the herd arriving! I wonder how many know how this company is funding itself and how it will in the future before pumping their money in?!

Why the rise here though(not complaining)? I can see why Arb has risen now they have sorted the debt and financing. But that is still the question here? Where are they getting their funds from to carry on past April? Either there is a leak and the financing has been sorted here too or PIs are being caught up in the potential Crypto recovery?!

Problem is AZD1656 is not on anyone's radar. It has got to a phase 2 trial and thats it. It needs further development and a phase 3 trial before it could be commercialised. Bear in mind that phase 2 trial finished 16 months ago and nothing has been done since tells you all you need to know really! If it was some sort of wonder drug it would not be sat on a shelf gathering dust for over a year.
As i mentioned yesterday without the SNG investment we are still valued way below our investment and cash balance, but that it what happens when there is no sentiment and lack of BoD communication in any form.

seconded UncleJim. Doubling my money is now a pipe dream!