I remember talking to a director of NFL in 2007 during which I told him that Power Knight and Risjadson Group would steal the company from under them at the expense of all shareholders and Bondholders. Oh my god, Power Knight are now going to put the Singapore company into Liquidation and will probably claim the whole plant since they are the only one's fully secured. One of the directors, Richard Selwood has over 60 Million shares in NFL. He must be really pissed with Risjadson Group. At the end of the day though NFL tried to go too big too fast and the problems with the Darwin plant did not help. I think NFL should have just built one train, got it into production and then concentrated on the second train and so on. I lost $400,000 in NFL. I got greedy I guess but if they had of been successful I would have ended up a very rich man. All lost now and I am starting from scratch again. Worst thing is I borrowed the full $400,000 and yes I have sleepless nights - How stupid I was.
BGC Price at posting:
3.9¢ Sentiment: ST Sell Disclosure: Held
