KiOR cancels bankruptcy auction while slamming MDA for playing rough

In Delaware, KiOR says it canceled its bankruptcy auction set for last Friday because it received no qualified bids other than the $16 million debt-for-equity swap that senior lenders put forward included in its Chapter 11 plan. The company and those owned by majority shareholder Vinod Khosla say the Mississippi Development Agency is pursuing aggressive legal tactics with the aim of squeezing out any money left in the company.