“British Airways and Shell have each now been granted an option to take a one-third share in the equity capital of Altalto Limited (a subsidiary of the Company) at a strike price of £1, as a pre-cursor to a full Shareholders' Agreement for Altalto Limited in due course”.
Which way you look at it selling loads of shares by the ceo prior to company changing news doesn’t inspire confidence, I suspect the reason why they are selling
Need majorholders to sell to create liquidity in the market, the mms are skilled at doing this even on a 1m float, I’ve seen it happen over and over again