Given the current market where small retailers are capped by...

Given the current market where small retailers are capped by regulators with their price increases, customers are a loss making business!!!. Who would pay for those customers?? Just ask them to leave and stop costing money!!

The wholesale market is still roofing. CRAZY STUFF. The hedge that LPE would have put on would be worth Approx 2X the current market cap of the entire company. Makes sense to ask those retail customers to go to AGL and bank the hedge for themselves and focus on Embedded customers , biohubs and solar farms ( with optionality in cryto mining )

I would not be surprised if the the profit from the hedge would refinance Blackrocks debt and leave the company with the 20,000 embedded customers with the equipment fully paid for, a $3m loan at 15% in the biohub and a $2m investment in STAK. Slash costs/employees to the bare bones and refocus the business towards the green side of supplying power. Solar farms/ solar panels and biohubs rather than the wholemarket.

Smart move IMHO.