This from Eddy, page-23

I have to agree with Gold Pirate and Ready Aim - the Sheikh is risking nothing -the funds raised are insignificant and an AIM listing is far off in the distance in the current market. Nothing announced yet inspires confidence -we need a demonstration of a substantial commitment. Reliance on AIM is pie in the sky - they are all on their knees - the whole shooting match -so many companies --- and no one knows when that may change.
I note everyone is blaming Lenigas for the company's current situation. I am not defending his management but just a couple of his comments have me intrigued -I suspect more to this than meets the eye - some other catalyst triggered his sudden departure from the company.