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Why is Russell Fryer not being fired as CEO of Critical Metals PLC?

By Tom Winnifrith | Monday 22 April 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

After hours on Friday came an RNS from Critical Metals PLC (CRTM) which shows that its CEO Russell Fryer is a crook who has dumped shares and actively misled investors. And he is still doing so. Why has he not been fired? With Fryer in charge this company is utterly uninvestable. Let’s be clear Fryer should, at least, be fired and not allowed to run a listed company again. If I was running the FCA I’d be looking to see if he could be jailed.
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