Post by
Stockhousemoney on Jan 25, 2021 9:08pm
Vela disposed of its holding
Vela Technologies (VELA.L) Disposal of holding in BlockchainK2 Corp abm January 22, 2021 The Board of Vela (AIM: VELA) announces that, between 12 January 2021 and 20 January 2021, the Company disposed of its entire holding of 272,000 shares in BlockchainK2 Corp (BlockchainK2) at prices between CAD$0.86 per share and CAD$1.5255 per share and with an average price of CAD$1.19 per share generating net proceeds of c.CAD$322,855 (approximately 186,390) for the Company (the Disposal). Although Vela originally invested 200,589 in BlockchainK2 in May 2018 its book value in Velas latest published accounts (as at 31 March 2020) was 14,396. Therefore, the accounts for the year ending 31 March 2021 will reflect a profit on disposal of c.172,000. Following the Disposal, Vela no longer holds any shares in BlockchainK2. The net proceeds from the Disposal will be used by the Company to make further investments in line with the Companys investing policy and for general working capital purposes.
Comment by
enlcan on Jan 25, 2021 9:13pm
Any opinion of the Vela sale?
Comment by
Stockhousemoney on Jan 25, 2021 9:32pm
who knows at first they were investing in a company that wanted to minning cryptocurrency maybe that's what he's looking for. one thing is certain, this is probably one of the reasons why blockchaink2 has been in a bear market for two weeks
Comment by
enlcan on Jan 25, 2021 10:41pm
Yes, Vela did ok and the dump explains the slump. The news of a merger or deal hasn't happened yet so all of what is happening now is positioning, at least that is my opinion. Hopefully we get news soon. Cheers.
Comment by
goldmike on Jan 26, 2021 5:31pm
Once $1.25 overhand clears out stock should trade back up to $3-$5 with little or no resistance imo
Comment by
enlcan on Jan 26, 2021 6:19pm
Hopefully you are right; I've thought the price should have been $2+ for a while now.
Comment by
Stockhousemoney on Jan 26, 2021 7:12pm
Did I like that seeing the stock price get manipulated like that? NOP. but if big institutions are doing this it's not for nothing, just like us they saw the potential, Realblocks is going to be big and they know it. Last week I bought 2ooo more shares and I will try to buy 2000 more this week, my fingers crossed
Comment by
enlcan on Jan 26, 2021 9:23pm
My thoughts also, Realblocks is going to be big. I picked up another 10,000 shares last month if I could I would pick up more. Never sold any yet. I think patience will pay here.