Much as I’m annoyed by this turn of events, and feel the Board...

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.