ceo resigned effective immediately, page-3

William,

I suspect the Director was pushed because he hadn't informed the market about the losses due to the carrying value of US operations.

As for the loss of the 20 cent per gallon State grant, don't forget there is a $US1 per US gallon Federal subsidy in the US. This is why the Singapore Plants are geared up to export Biodiesel to the US and not Australia.