RE: Prospects31 May 2026 08:57
A Placing of ca.16M shares at 10p when the stock price was around 25p. Not unreasonable for a share that has been stagnant for 3 years and was/is being pumped for investment into oil in a basket-case of a nation ( albeit now more stable). As to 'insiders' - I don't see any evidence of malpractice. The enigma that RED is becoming is down to a small trading pool of ca.3.5M shares and an exciting growth model if you believe the two new Board members. Williams is sound enough but stepping aside to an NED role.
If you have evidence of 'insider' trading then produce it. Otherwise, 'shut it'.