RE: Explains the engineered spike, then!28 Aug 2025 08:05
I agree H5O, its a very very grubby situation. These directors will have completed 5 equity raisings in the past 13 months all at successively lower share prices while starving the market of regular updates. These directors are experienced and know exactly what the effect of limiting updates will do to a share price, coupled with not fulfilling timelines in RNS i.e. "coming days". Bixby transferring a significant portion of his shares to a "charity" where he controls both the liquidation and the votes was really a neat way of getting a tax deduction, Lyth transferring the bulk of his shares to his adult son who then doesn't need to disclose when they are sold. Matt Lodge who is a long time friend/associate of Bixby sold 30+ million shares into the market at prices north of 6pence, he got these shares for free pre the IPO. They then appointed him to the board of Cel AI where Lyth was also a director, both Lodge and Lyth resigned a few months ago.
These data points really tells us that engineering a lower share price was the strategy from day 1. I too have never seen directors of a public company doing everything they can to make the share price go down - its disgusting. They don't care because they have already reaped the benefits and get to reload with options with a 1pence exercise price. Bob Roberts of Clear Capital and Brian Stockbridge as their corporate advisor are both complicit in what can only be described as a "scheme" - they are both just Bixby bumboys being handsomely paid for their extra curricular services!