RE: More +++ to come2 Jan 2026 12:31
After the 4 Dec loan conversion Riverfort peaked at 24.5m shares
(5m existing + $627,251 of debt converted into 19,549,276 new PXC shares)
The total number of director shares purchased since the Riverfort loan conversion was 4,220,719 shares. Leaving 20m.
But volumes have been really high….
From AI…
“On December 4, 2025 (the conversion day), over 12.7 million shares were traded.
On December 11 and 12, 2025 (around the time of director buys), a combined 27.2 million shares were traded.
These volumes alone far exceed the ~24.5 million shares Riverfort held, providing more than enough liquidity for Riverfort to have exited their entire position to various market buyers, not just the directors. “
So what we can assume is that they have gone below 3% at least. If not zero. But there has been no TR1’s either way. Either for Riverforts high position of around 7.5% or for the regulatory crossings at the lower levels (7,6,5,4,3%).
Even if the crossing was within the two day window they should still have RNS’s the 3% break or disclose a holding if 3% or higher.
They haven't because Riverfort rely on obfuscation to hide their selling keeping PI’s in the dark so traders don’t also sell compromising their price points. Welcome to AIM! I am used to it and the MAR are a waste of time as I have reported several in the past!
I think we can in the absence of regulatory announcements assume that Riverfort are at least below 3% if not zero.
It would be helpful if DP ensured that the company published useful regulatory disclosures rather than his constant ramping!
So even if Riverforts are out we are still in the next phase of Indigo likely to play similar games to milk every fraction of a penny before deducting their 20% from the VWAP.
Usual caveats
Trek
Sign In
Follow the stocks
