In an extraordinary announcement this morning, AIM-listed Vela Technologies (VELA) has announced that it has just discovered that – unbeknown to its Board – it had apparently invested £300,000 into Aquis-listed TruSpine (TSP) as part of a subscription announced by TruSpine on 31 May 2022. What???!! And then this afternoon a clarification.
Sub scale technology investment waste of space company Vela (VELA) has today announced that it has hired a new PR and IR firm Novum to ramp its shares. Novum, aka my old pal Alan Green, I have a question for you about the gap in the website CV of your boss Brent Fitzpatrick, the one linking him to a convicted fraudster and jailbird.
We hear that, until Covid struck, Vela (VELA) was working on an interesting RTO. But that is in the past. The reality is that the company is cash constrained and cannot repay a £550,000 bond due in a few weeks. So we have a Peterhouse special. The shares are suspended at 0.07p until the deal is approved an EGM (which is a given) and so until August 26, we must wait.
Vela Technologies (VELA) has announced results for its year ended 31st March 2019 and that “we are mindful of the potential substantial uplift in the value of certain companies within the Vela portfolio”, but the results themselves don’t please…
Vela Technologies (VELA) has updated on “Completion of investment in Portr Limited” and “Proposed further investment by Director”…
An “Update re. Interbit Ltd” has now followed an “Update re. Vibe Group Holdings Limited” and “Update re. WeShop Limited” from Vela Technologies (VELA)…
Vela Technologies (VELA) has noted an announcement by BlockchainK2 Corp (TSXV - BITK) in which it currently has 272,000 shares; a 1.81% stake…
Shares in Vela Technologies (VELA) have responded positively to a “Vibe Group Update - investment by Candy Ventures” announcement…
Investing company focused on early stage and pre-IPO disruptive technology businesses, Vela Technologies (VELA) is a previous successful pick here – a 100% offer to bid gain banked in November 2017. That was at 0.32p per share. With the shares having now slid back...
Portr, the company that gets your luggage to and from the airport if you are too bone idle to transport it yourself, has announced that it has secured a £2 million investment from Stobart Group as part of a larger funding round. Stobart knows air travel well and this is a pretty good endorsement.
Early-stage and pre-IPO disruptive technology-focused investing company Vela Technologies (VELA) has announced full-year results emphasising “the board is pleased to have seen a strong uplift in the valuation of its investment portfolio in the period under review, resulting from new investments made and positive revaluations on certain investments held”…
Vela (VELA) has flagged up the fact that there has been more news from its TSX-listed investment BTL which has "launched the DX Beta version ("Beta") of its proprietary blockchain platform, Interbit." Hmmm, we could not really do 2 minutes without hesitation, deviation or repetition on that news but it has excited punters in Canada. Now here is where the maths starts. At 0.25p-0.28p at mid Vela is capitalised at £1.55 million. It has outstanding bonds of £550,000 so the EV is £2.1 million.
Vela (VELA) has announced that following cracking results from investee company TSX listed BTL it has sold 50,000 shares netting net proceeds of C$263,106.15 (equivalent to £152,530.79). That and the cash remaining from the recent bond issue will support (low) PLC cost and allow Vela to make further investments.
Investment Company Vela (VELA) has this week announced the sale of some of its shares in TSX.V listed BTL Group generating proceeds of C$277,910 for the Company (equivalent to approximately £169,530 at the prevailing exchange rates). To date Vela has invested a total of approximately £214,300 in BTL.
There are three bits of news from investment company Vela (VELA) and on balance all are good.
Tired of AIM boards who take the piss, bigging it up at the expense of shareholders? Yes we are too. So before going any further we note with some pleasure that half year admin expenses at Vela PLC (VELA) were just £62,000. That is good. Well done.
