French AA gaming developer and accessory manufacturer Nacon has filed for insolvency after its majority shareholder Bigben failed to make a loan repayment, the company said in a press release. "To date, the company reports available assets do not allow it to meet its liabilities," Nacon wrote. The objective with insolvency, it said, was to allow "continued operation, protect employees and maintain jobs while renegotiating with its creditors."
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He had persuaded his science teacher to help him make a makeshift rocket. Somehow, he had managed to get his hands on the ingredients for gunpowder - potassium nitrate, sulphur and charcoal.