Vela Technologies – Bond repayment date extended and corporate transaction still being sought

February 14, 2020 | Posted by admin

By Richard Gill, CFA Investment firm Vela Technologies (VELA) has announced a six month extension to the repayment date on its £550,000 10% Secured Bonds, from 17th February 2020 to 17th August 2020. With cash of £120,000 as at 30th September 2019 the company would only have been able to repay the bonds by liquidating […]

Vela Technologies – Shopping for WeShop buyer and shares move into deeper discount

December 3, 2019 | Posted by admin

By Richard Gill, CFA AIM listed investment company Vela Technologies (VELA) has announced an update on its investment in WeShop, the social network platform with plans to become a global leader in the social e-commerce sector. Vela owns 71,429 shares in WeShop for a c.1.4% stake. The statement comes on the back of an update […]