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Vela - More news on BTL - just do the maths

By HotStockRockets | Friday 1 September 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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.


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