Apologies, let be patient guys. But just to be clear, for us to break even on MODE it will have to go up 500%, for us to break even on CSFS it will have to go up over 300%.Skillcast will have to go up 60%. If all we have to do is be patient and the returns will come why doesn't VELA use some of that £1M in the bank and bring down our averages and get better returns?!
I have a suspicion we will not see a quarterly update for the first quarter of 2022. This is largely due to the shambolic performance of our investments! I have just done some digging (winking smiley) and from the last quarterly update our live investments have lost circa £400k and the new investment of Igraine has already lost £25% (£120k) at the time of writing, so our live investments have gone down £500k from 31st December 2021. The performance of our portfolio and the lack of any developments on SGSC is exactly why our SP is where it is. I have just spoken to Postman and Jimmy about this factual information and both have told me to dig deeper or if I don't like it to sell up (another winking smiley)
'Plenty of stuff if you dog deep enough' jeez postman sounds like jimmy. The only two guys capable of digging deep enough to see what the market is missing. If there was all this information if you dig deep enough why has our SP crashed? You know exactly the same as the rest of us, which is f all. We are sticking raound in the hope that a deal is struck as we are all too far down to sell at this pitiful SP.
The only news we want/need is SGSC. We are balls deep in that trial, £2.35m of Vela funds plus another £430k on the Igraine investment! If positive the BoD are heroes, if nothing comes of it they have to be ousted (imo). Nearly half of our investment money is tied up in that trial now....
You always have to take Jimmy with a pinch of salt. Worth bearing in mind he admitted he has sold some of his shares here even after telling us there is a £400m deal to be had. We have doubled down on the SGS deal by investing in Igraine which if commercialisation isn't reached then the BoD have to ousted. Having said that would the BoD really spend nearly £3m on a trial they have no clue over? i hope not, so you would like to think they have heard something positive.
Lets be honest we all want it to rise but after 20 months months of being invested here I am over 50% down on my investment and all the BoD have done is dangle the carrot of an 'imminent' commercialisation, a drum they have been banging for nearly a year, how long do we wait for the imminent commercialisation news? Lets hope Jimmy is right and its next week!
Lol here we go, another jimmy prediction! Anyone silly to invest on the back of jimmy advice will promptly be left disappointed when they hear nothing from the BoD next week and see their investment halve, followed by postman/Brent telling them to be quiet and be patient. Rinse and repeat. Up the VELA!
Mode has to 5 bag for us break even on our investment of £316k. Whilst the recent rises of MODE have been good to see it only equates to circa £30k to VELA. Having said that if MODE and CSFS can get on their bike to IPO prices that would be most welcomed.