The Directors of the Albion VCTs issued a prospectus without telling investors that they knew that the value of the largest asset has collapsed by one-third

This is the reason that the Directors refuse to answer questions at the AGM and why they want to deny shareholders an in person AGM.

I do of course refer to the scam that is QUANTEXA.

https://clcluk.blogspot.com/2026/01/quantexa-ltd-and-british-business-bank.html

The simple distilled facts for the sucker Albion VCT shareholders are:

1. The Albion VCT Directors knew the Series F shares had not been issued nor paid for.

2. The Albion VCT Directors knew about the warranties given by Quantexa as to its financial position and that those warranties had not been met before the prospectus and VCT September statements were issued

2. The Albion VCT Directors knew the deal was to only issue 40% of the shares in March 2025 and then issue and pay for the remanider only after the next shareholder disclosures deadline 3 weeks before the Quantexa 2026 y/e with a price calculated on what turns out to have been a dreadful year for Quantexa with Breach of Contract claims and a total £8.4m write-off of the Irish company bought in 2023 and abandonment of its sole product.

3. The Albion VCT  Directors knew that the $49m stated to be payable is for 53,854 shares (one-third @ £0.001 and $1,233.89 for the remainder)

Un-adjusted for the collapse of the US$ since March 2025 that leaves the total consideration for the 109,202 Series F Quantexa shares "issued" as a 26% discount to the vaunted $2.6bn "valuation".

Add in the 9% devaluation of the dollar since March 2025 and this is a complete shambles.

And you wonder why the multitudious solicitors, accountants and other rotating flotsam from the pool of of VCT Non-Executive Directors are not hanging their heads in shame?

Well perhaps the High Court will have something to say on 4 March.