Have a look at Bolton's involvement with...well any company really. With MEL he signed a contract to provide a loan and then waited till they needed the money and then tried to renege on the contract instead offering to back a fundraising according to their management.
ie untrustworthy and manipulates the management to rely on funds which he then turns off in order to gain further benefit for himself, but to the serious detriment of the company and thus its shareholders.
You could also look at his quoted company and its investment policy. He was 'trading' crypto last year and lots of it. Result ? - a significant loss.
A measure of his approach is the number of firms of solicitors whom he has instructed and then fallen out with and how many legal actions he was involved in when I last looked in Nov 2023.[check the notes in the R+A which contain a number]
I agree that he is a toxic presence and whilst he can see the company is cheap, it is not outsiders [us] who benefit when he gets involved.
ps. how much was the scale back [% applied for]
Have a look at Bolton's involvement with...well any company...
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