does anyone know anything, page-30

The Singapore plant could not be sold or recapitalised.

Unfortunately, Power Knight has pulled the plug on the Singapore operation and put it into receivership. Who knows, they will probably end up buying it on the cheap.

Nothing left but the shell! I thought I was investing in a biodiesel company but it turns out it was just a bunch of unsecured loans and worthless equity (NFPL, NFAL). I now understand more about "down side risks" when a company gets into trouble and creditors look for life rafts.

NRG Capital will buy the shell (if creditors and shareholders approve) and allow existing shareholders 46.8% of the issued share capital. They'll then do a capital raising (non renouncable - 1 for every 2 existing shares) at $0.0025.

So effectively just about all value has been lost, but they have us on the mailing list for a new business (possible hydrogen). I look forward to seeing the prospectus.