RE: Isn't it astonishing that Andrew Bell is still at Red Rock?17 Jan 2024 08:38
Answer to above, yes it is, you can thank the major shareholders for that but they are contented despite their RRR paper being next to worthless currently, so many have lost everything where AB & Co are involved, look what a new team has done at Corcel, now £25m m/cap from £3m under the old regime.
I estimate the largest shareholder in RRR has lost over £1m in value, even if they are being tickled by AB I cannot see how that number can be recovered via sweeteners.
It had entered my thought pattern that this group may be shorting RRR via various instruments, they could also be loaning their stock for others to do so for a fee, they could also be forward selling tranches of stock ahead of fundraises, namely making money on the way down, there are many ways their stock losses can be recovered by trading.
My suspicions arose when Helpful suggested he had not lost money on RRR despite near wipe out of the equity at current levels, these TR1 stakes were acquired IRO .45p / .65p, of course Helpful will not elaborate but others have suggested there are shenanigans going on, historic posts on this BB have suggested the company has contacted individuals privately in the past.
AB seems to have gone very quiet all of a sudden as has the Red Rock news feed on X and via RNS, as has been proved at Corcel, all is not lost, but serious news is needed here and one wonders if AB is capable to deliver it ??
Up moves on AIM can be dramatic as we all know.
DYOR etc.
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