Ann: Member's Statement, page-9

Maybe the reasons are much simpler to state.
The market hates Boardroom disunity and fractures between major shareholders. It distracts management, as this quite clearly has done in VIT’s case.
It wants focused, demonstrated, consistent behaviour (and positive results) over a reasonable length of time, not just the past year.
also there is the overhang of this being a new industry and business model capable of been torpedoed by government and regulators. The recent spate of VIT infighting must be making a few of these onlookers twitchy.