Had a rummage around on the web, particularly for some information relating to Latvia. The following is not new information, but I don't think I, at least, had seen it before.
Peter Aylmore & the trial in Sheffield/Latvia:
More on the trial/funding [page 94]:
And a little more:
The project runs until June 2007, although the Rotoclave which seems to be on its way to Latvia might suggest that things are going well?
I'm minded to believe that the share-price pummelling is down to the terribly slow move towards commercialisation rather than any skullduggery, but who knows?