I thought this might be the case given the volumes of Friday and...

I thought this might be the case given the volumes of Friday and rather modest price decline given the terrible news.
One glimmer of hope for shareholders is that the plan for the directors is to get their capital return and then hope the people who wanted to buy the Blackspur assets are still interested. I.e. cash out.
Question is: will the value of capital return plus (poential) sale of the remainined assets greater than current market cap?
Then again this is only half of what he got paid to be a director last year, so it might just be a tactic to appease the hoi polloi.
After all, CE1 may not be very profitably but it provides a nice little living for the insiders.