CBD shareholders diluted to oblivion??, page-12

From Sydney Morning Herals Monday 23 march :

Born Again
" There is nothing like corporate rebirth to rid oneself of the nasty whiff of failure.
CBD Energy, the former plaything of Impulse Airlines founder Gerry McGowan,has risen from the corporate ashes under the name of the new owner, BlueNRGY Group.
We intend this rebranding to be one the first of many changes that will open a new chapter of growth and development for BlueNRGY, executive Chairman William Morro said.
The press release did not say whether investigations continue into the years of "potential improprieties and irregularities" - which include related-party transactions with McGowan - that lead to CBD Energy's troubles.