"Surely the company would not want to raise cash via a share...

"Surely the company would not want to raise cash via a share placement at current prices. I would have thought the fear of that happeing is well overdone."


Options available are a private loan from Nobel, or private placement at higher price to Nobel, forward sales of product to Nobel (Advanced payment), bank loan or standard capital raising.

They need cash soon - the choices are limited at this point in time - No cash to start, no cash coming in to pay debts, wages, etc.


"Also, so relentless is the selling it makes me think that a fund/large shareholder is just dumping out at any cost."

That's very possible...