RE: RNS1 Aug 2024 09:00
RetiredBanker,
I've witnessed Ciclitira in action a few years back, the day a profit warning RNS was issued.
His total disregard for shareholders was jawdropping, especially for those that had heavily backed him in the 65p Placing.
As for the recent nonsense the writing was on the wall years ago.
The first sign was the Formula E BrightBricks car which he commissioned for himself.
Quickly followed by ventures into art, sailing, Kpop and, wait for it, cheese and wine.
Lifestyle events. His lifestyle.
Funded by LVCG shareholders.
Of course this is something investors didn't want to hear, some believing they knew better.
Sad state of affairs and my sentiment has remained steadfast regarding Ciclitira.
I hope he ends up in jail.