what happened to sterling biofuels

I thought this sector was on the rise? They've built the plant and although production has stalled because of the cost of palm oil I didn't think it warranted a drop from mid 20's to 9c(IMHO).
They still had $7.5 million at the end of September so what's the go?
I presume this is one of those where the real
story will come out when all the insiders have sold but not a word from the ASX who would have
been all over this with a speeding ticket if it was going in the opposite direction(IMO).

I hold SBI. I am not a financial adviser. Do your
own research before investing.