Ann: Appendix 4D Half Year Report, page-17

I originally took notice because they claimed to have the ability to produce biofuels equivalent to crude at half the cost of crude regardless of the price of crude. It didn't take me long to decide I didn't believe those claims, which turned out not to be true (by their own public admission years later). I don't see any more value in any of their other projects. Year after year they come out with new promises, new projects, nothing even eventuates. They pay themselves big fat wages, but shareholders always get screwed.

Hey, maybe they'll surprise us with something amazing... maybe they won't. I know what I expect.

Your money, your choice