Locked in Been locked in for some time now and welcome the re listing. But and its a big but for me, I cannot see it being worth £13m. It's a lot of money and much still needs to be done.
Shares suspended but if investors are excited about this RTO then remember Vela Technologies owns just under 4% of 3Legs
from Vela Technologies board .....News from 3Legs today ... here are the sums as I see it .... raised £800k at the beginning of the year, let's say there is £600k left. Raised £500k recently from Jim Mellon ... so total cash£1.1m. Market cap last night was £1.3m So there is a nominal value attributable to the listing NOR to Jim Mellon who has put more has put money into the investment made today by 3Legs on the same terms. In total it looks like Jim Mellon has invested now over £600k in 3Legs and SalvaRx in addition to owning 50% of it prior to this transaction With all the noise around Jim Mellon, justified or not, you might think he might be worth a million or two on the value of 3Legs? .... and I guess it's conceivable that 3Legs ultimately buy SalvaRx in time? Who knows
Posted on ADVFN Good morning Hopefully you will have seen this morning's Corporate Update by Vela. Here is a link [link] I also would like to highlight the RNS Reach of 9 April where we notified the market that Vela Technologies would be exhibiting at the UK Investor Show this coming Saturday. Subject to resolving some logistical issues, we are hopeful that we will be able to demonstrate the StreamTV 3D technology – no glasses required. Brent and I look forward to welcoming shareholders and others alike that are interested in Vela Antony Laiker Executive Director Vela Technologies Plc
Posted on ADVFN
Are they releasing pwc report???
Daniel Stewart reversing into the rump of Qpp
what is a cash shell worth ? That is what this is now, question is what is the value of a cash shell , more than a million quid I would have thought , In HK now they can be worth up to 50 million quid for an clean empty one, the current buying by weiss looks like somebody thinks one is worth more than where we are now
Re: Trading 20% below cash ----Good call Jetee.
I just gave 3LEG a BUY rating: potential winner at this level.. Will I be right? [link]
3LEG off and running
see what happens here today
3leg trades on isdx also
but i see a bunch of trades at 1.2