Member Info for THGambler

Hopefully not too much lower!! The new IR and PR company are a joke, they tweet the odd bit of news but not everything. Will be intriguing to see how much we are paying them.
AZD1656 looks to be a dud which is nearly priced in as we are rapidly approaching a year since results with no news on this, no peer review, no further trials. If this was a life saving drug it would not be sat on a shelf getting dusty a year on from a 'successful' trial. Answers are needed on this considering the BoD doubled down on this with the investment in Igraine.
Regarding the £600k sat in the bank, i would much prefer that kept there! Whatever they invest in currently has gone only one way!

lets hope we sustain this rise unlike last time

Another 25m shares dumped at all time lows.

Volvie I notice from your posting history you 'doubled' your holding in January this year when the price was 0.035, which begs the question of how you managed to get an average of 0.0278 as you would of had to off bought well under this figure to get an average that low considering it he lowest 'ask' price is around 0.0275?

Wow, talk of £1, another who has 50m shares at an average of 0.0278! lot of (lying) weirdos about today.

They have only sold some shares in stocks that have given them a positive return (very few). They are so far underwater on this investment there is no point selling at a 85%-90% loss

I tried to make this point a few weeks ago but was told that revenue for H1 2022 this year will be more than the whole of 2021 and that the admin costs will have dramatically reduced. Until we have proper confirmation of that the SP will be where we are if not lower. I have said previously that if MODE are on target to more than double their revenue from last year they should release a H1 update stating some of the facts needed, the SP would undoubtedly rise if they can confirm revenue increases and admin costs reduced.

Depressing large sell. Not sure if that's as depressing as the fact that 20m shares only cost £5k now.

Since the publication of the last quarterly update on 3 May 2022, the board of Vela has met with the boards of the following investee companies:
· Aeristech Limited
· Cornerstone FS PLC
· Igraine PLC
· Skillcast Group plc
· TruSpine Technologies plc

Is this a wind up? what was the result of these meetings? what was the point of these meetings? FFS

BigDave, thanks! My figure for ENSI was wrong (i had 0.47) so i am aligned with you and also omitted the TSP one so once again we are agreed, we have a £98k loss for the quarter. Even if they did take the SP of CSFS the day before the cut off then i still don't get a £56k uplift. I must say manipulating the quarterly investment data is a new low from our BoD. Dreadful..

some chunky sells stifled that rise unfortunately.

BigDave, where do they get a £56k increase from then? We both have them losing between 40-80k over the quarter so how could we be over £100k out?

Okay have managed to go over the unaudited figures form the board..... Manipulated much?!! How can we have show a slight improvement when Mode has lost £56k in value since last quarter, CSFS lost £72k, KNB lost £50k, MTI up £12k, Code up £51k, RBBS lost £6k, SKLS up £10k, ENSI up £79k from IPO, Igraine lost £12k. I make that loss of £44k for the quarter. Unless of course the board have taken the CSFS SP before the 30th June as that is when they released the dreadful RNS which sunk the share price....
Regarding the Mcap compared to the cash and investments on paper yes our MCap is below the value of investment and cash but that does include the £2.35 invested in the trial, should that be a dud we are about right, BUT that is why a meaningful update on the trial is needed! we are solely dependant on that to move us...

Will reserve judgement until I look at this properly but can't see how the investments have improved since Q1. How many times will we hear talks are ongoing regarding the trial drug? It was supposed to be immediately now 11 months on and still ongoing

Good to have a Non exec with skin in the game! Hopefully he cracks some skulls on the BoD and fixes this.

Shows JW was definitely pushed, no chance he was walking away from Quarter million £ a year

Jeez look at those salaries compared to he year before.

Not sure if 4 BoD resigning from Igraine can be a positive at all. Can dress it up any way you want but if a big deal is about to be announced you do not resign surely, especially four of you.

My experience of AIM overt the last few years has been awful!

I assume CSFS only got on people radar yesterday after seeing the rise and RNS, for JW to resign the next day would have spooked a few as they wouldn't have done much more research then reading the RNS yesterday and seeing the rise. Him going is a good thing so its still very much a hold here.