RE: Mandatory reading for all9 Nov 2022 08:36
They are buying shares becasue they diluted the company SO much they have to defend their position as majority holder, otherwise Geely buy more and the boardroom is split/veto of votes etc.
If only they could run the company better, like stop lying to shareholders about cash raises, stop needlessly suing the two Nebula gentlemen, stop making terrible decisions like US bonds, stop promising what they can't deliver in sales, and stop all the hyperbole/lies.
Buying shares in your own compnay can be two things. Positive, or desperation.
You pays your money and takes your choice.
You know what happened last time they did this, it failed spectacularly. All directors were buying at £19.
Shows how little they knew about the company they were supposed to be in charge of.
Either they are not in control, or they are negligent.