I've had a reply from FH, page-8

To all shareholders i truly am sorry to read about all this. I hope the situation can be remedied without you losing your dough or being diluted to the buggery.

Be interesting to see whether they can come out of VA by normal trading. It appeared that the directors called this because they worried about being sued for trading whilst insolvent.

Hopefully for you guys it is a timing thing regarding receivables. I also wondered whether they had an issue actually selling the Ni which hasn't been reported to the market. The longer they held onto the Ni the lower its value in this commodity storm. It never made sense to me about that.