todays ann and watch for more, page-8

re: biofuels ipo Pelsaret,
I have had the benefit of being close to this one and if you remain patient, we should be rewarded. The best way I can try and explain this is a restructure will ocurr similar to the old mbx (now vph and pdo). For every 10 shares you held in mbx, you were given 1 free share in pdo. I don't know what exactly the restructure will be, however we certianly will not be disadvantaged in any way. The whole idea is to add value and my understading is this will be acheived with any restructure.
Just look at the added value these guy's have created with those other 2 companies. Anyone that held onto their shares after the restructure would have made a fortune.
This has the added advantage of fantastic deal going ahead (read into last annoucement)and my mail is the $50-60 million required for the next stage is well in advance of being committed.
Hope this helps.