It’s probably the last company I’d be willing to sell from my portfolio at these prices. I still have to believe in value investing that much. The board should also have expertise. The chairman of the board (Hpj) has been in top management at Nokian Tyres, so that’s probably how the proposal for the interim CEO came about. Then there’s, for example, Wulff’s CEO, who is a former Aallon Group’s CEO, and is even currently working on a doctoral thesis at Tampere University on AI in management.
I would be surprised if they resorted to a directed share issue at these prices. The debt itself isn’t much, compared to Eezy for instance. One option might be to sell some European subsidiary if necessary, but by no means a share issue that would destroy value the most.