great news nrg doca accepted, page-8

Given a shareholder vote is still required, the NRG offer will more likely get up since they will have 48% of what ever is on offer versus 3%.

The very large share holders (>1000000 shares)will receive a few thousand dollars versus just dollars.

The shell has a value and if the shareholders vote it down, it will just be delisted and NRG would have to create a new shell and get a ASX listing. Much easier/cheaper to take over the NFL shell.

It is a shame that with the economic improvement since March 09, that investment capital still can't be found for getting the Singapore plant back into operation. I guess Power Knight decided not to invest further since they could see they would be able to pick it up via receivership.

I believe some interested parties baulked at buying the Singapore plant because it was so big.