Ann: Trading Halt, page-17

Much as I’m annoyed by this turn of events, and feel the Board was caught with their pants down, I think your summation of the co-ceos is a bit unfair. Blickstead is a biomechanical engineer with hands on experience and Borg’s resume isn’t that bad.

i suspect they were relying on the former ceo to implement and he wasn’t doing it well. Beats me how anyone joining a Board like this would not have seen the facilities in orientation.

But as far as action goes from hereon, the problem of insufficient capacity isn’t the worst you could have - way better than falling demand. There are ways that you can drive more capacity out of existing plant - ask Elon Musk.

I like the idea of paying down debt. Horrendous dilution, but only if you don’t chuck more money in. At least Directors showing their commitment to the offer.