Compare to SBTX28 Jul 2025 17:16
This is not a cross ramp, but an illustration of how SBTX has dug themselves out of a CLN spiral. They have a cap of some £42m, have a selection of really good products to sell to other distributors, but needed a cash raise and preferred to do that thru CLN rather than yet another placing. The subsequent venting of frustration pouring out from all sides meant that CEO had to spend a lot of time and effort to find the money to buy out the CLN sharks and close the facility early. Which he did, to much relief all round.
I would really hope the HE1 board consider some similar action to correct what is always a very expensive choice. There is still time to limit the damage falling out from this mistake, but it needs to be sooner rather than manana.