I sold out of this one sometime ago but have kept an eye on it, to be honest just to see if it survived. There is just something about this story that leaves you thinking something is not quite right. They did not develop this process themselves they bought it off someone for little money. There own forcasts won a fairy story competition and some of the links between partners (that I have heard) seem a bit incestuous.
You could have sold out in July for nearly 80p and I cannot understand why small retail investors would not have taken that. If they have to raise money now it will be at around 12p per share IMO unless they have a rabbit in the hat that is not known about here.
I am not long or short but if I where to take a position no prizes for what it would be.
Hope I am wrong but I see this as possible business for administrators in 2006/7