Usually, when news is out, the stock goes up a bit. Sometimes news comes out and insiders dump on the news, but the news helps the stock stay the same. Sometimes news comes out and people dump on the news, and the price goes down a bit.
In this case, the news came out about the name change. Not too much volume, so nobody seems to be dumping, but the share price falls.
Either people think Bionic Products sounds stupid, or the company's shell remains tarnished by Paul Taylor. Again, my recommendation to management is that they issue a release explaining the terms of the settlement with Paul. Only then do I think people might actually be interested.