Member Info for THGambler

What makes you say that?

Completely agree Bouncer, although you have to factor in the number of mistakes the BoD have made and continue to make. They could have sold some CDT shares to cover costs but decided to gamble and that hasn't paid off as they will be selling other shares at a loss to cover overheads now.

The website is not up to date and around a year out of date. The quarterly reports are often 2-3 months after the quarter end which could be forgiven if our BoD were hard at work, but as mentioned we haven't had to invested in a new company for 9 months and we have no cash to invest anyway, so what exactly are the 3 directors doing to earn their cash?!

Such a frustrating share because if it was run correctly the outlook would look so much better.

Completely agree Jim. they have no skin in the game so why would they care what the SP does, as long as they still have investments they can sell to pay themselves they will keep it going. Laiker had skin in the game then proceeded to be able to offload all his holding at a premium to the SP at the time. It feels corrupt!

Yeah I've been thinking the same. I can blame the BoD but they aren't asking me to stay invested! In fact judging by their actions you would be forgiven for thinking they want us all to sell!

Hard to see any positives here currently and based on what Dave posted, doesn't look like there will be much going on with CDT for the foreseeable. Imagine if the BoD had actually sold some while the SP was over $5 - should of, would of, could of

XYZInvesting reverting back to his original alias of JoeBloggs

Mcap now below £3m

Investments Value - £5m

Ltd Axis - our average is over 50p for CSFS so still a way to go yet but definitely nice to see it going in the right direction.

As far we are all aware the cash position of the company is next to nothing unless they have sold some shares. I think they would need to RNS any significant share disposals in CDT so assume they haven't sold any of them which is unfortunate as we could have sold some over $5 but now the reduction in the CDT share price heavily outweighs any gains in our other investments. We also have no cash to invest in any other shares so all out eggs are effectively in CDT basket.

Exactly Dave, that is the question that needs answering but we will only find out the answer when we get the next quarterly update when they detail what shares they have sold to fund company costs.

I have been very consistent on this point that the BoD should have sold some CDT when it was increasing. even 100k shares at $5 would have yielded £400k which should fund the company for a year. Instead it looks like we will be selling existing investments at losses, meaning we are evermore dependent on CDT. It's a shambles and that's why no one is investing here.

In the boards defence there were quite a few posters on here telling us CDT is going to $10 after Xmas, maybe the BoD thought it would too.

I guess they didn't tell us when after Xmas!

Its a combination of everything. The lack of comms from the BoD, the bad investments which they have watched go from highs all the way down to all time lows, the accidental investment in TSP, investing the last of the cash reserves meaning we have to sell some of the older investments at a substantial loss etc. We are valued over £2.5m below our investment value which would not be the case if the Market had trust in the BoD. Our CDT investment alone accounts for the MCap let alone the other investments totalling over £2.5m. Although what have the Board sold in the last quarter and this quarter, time will tell....

It sure is. Bad news Vela goes down, good news Vela goes down. Craziness.

Yeah could be. The way i see the state of play currently is :

We have an MCap of £3.25m and investments totalling a combined value of circa £6.1m. (at time of writing)

VELA has no debt but also no cash! Most of our historical investment have bottomed out and hopefully will start going the same way as CSFS and see an upward movement BUT the most important of all is the CDT investment which still currently sits at a value of c. £3.6m which in itself is more than our MCap!

Obviously Chris Cooke sees the value and has continued to buy so lets join him!

Yeah that's all I can find. I make our holding in CSFS worth circa £180k now.

I make our Mcap - £3.364m

Our investments Value - £6.5m

(all at time of writing)

If all goes well in the next 6 months we could sell some CDT for decent profit, hopefully CSFS carries on and passes 50p and more and we could exercise some warrants there with some of the money?

Yeah will do the same Dave and see if we come to a similar figure. Whilst ging through i noticed this:

In December 2020 Vela invested £200,000 in Cornerstone in a private placing by subscribing for 400,000 new ordinary shares of 1 penny each at a price of 50 pence per ordinary share, thus valuing Cornerstone at £8.3 million. Additionally, Vela received 400,000 warrants with a 5-year term, each warrant carrying the right to subscribe for one Cornerstone share at a price of 50 pence.

So if CSFS can continue on its current trajectory these warrants could come into play for us.

Anyone know how many shares we have in CSFS anymore? They have sold a few times so not sure how we are left with.

Okay. We don't.

''the Company has exercised the put option agreement to sell its economic interest in the commercialisation of the Covid-19 application of AZD1656 (the "Economic Interest") to Conduit Pharmaceuticals Inc. ("Conduit"), a company listed on the Nasdaq Global Market in the United States ("NASDAQ").''

I'm confused on what you thought CDT gave us £4m worth of shares for if we still kept the royalties?!

I'm not sure. Your answers aren't actually answering anything. Do you think VELA still get 8% royalties if AZ1656 gets commercialised?

You must be winding us up. What do you think CDT gave us £4m worth of shares for?

Postman you know we don't have the 8% royalty now though yeah?!

Not bad plan though is it!