FCA update10 Sep 2020 19:43
I thought I would put pen to paper as it were and update this bb with my earlier post today on the sells v buys in yesterday’s trading and the buys v sells in today’s trading after the RNS which caused the sp to drop this morning. I phoned the number for AP on the RNS and the telephone was answered by none other than Andrew Hall (CCO). He identified me straight away from the post I had written which goes to show that at least one person in authority within the company does indeed read this bb, so your comments on here good or bad are looked at. From the outset Andrew proved to be a good listener (unlike Roland Cornish who was on permanent transmit and not receive), he at least done me the courtesy of hearing what I had to say before answering. He assured me that they run a tight ship at VAST and doubted that there was a leak but of course could not answer for others that were party to that knowledge. He could not answer why the massive sell off yesterday and made no comment on the number or size of the buys today. However, he is the CCO of Vast and deserves my respect for speaking to me. He assured me that the FCA monitors these kind of trading patterns and if they feel there is anything to investigate they do so. As far as I’m concerned Andrew has closed the questions that I had, I just hope that if there are any insider trading or market manipulation shenanigans going on with anyone that is party to the sensitive information prior to the release of an RNS, they get caught out and dealt with accordingly.
ATB, Pete