Ann: Loan Agreement , page-23

Hi Fellow SBL Holders,

Aventurine and Leockl you make some great points for consideration.

It seems a few SH maybe getting a little scared by the downward SP, playing into the hands of LG. At these prices it may be a good buying opportunity still or even better as we get to the end of the financial year.

The current LG SP fall I beleive was inevitable with an extra issue of approx 8% of their share capital and then the SBL shareholders dumping of LG shares at the first opportunity.

On the upside we have a completely new leadership team (bar Bill) so I guess we should at least have an open mind until we see what they are capable of. Quiet frankly it couldn't be any worse than the previous lot.

Even if LG get to a 90% position and compulsory acquisition comes into play we are not with out rights.

This is all new to me but a search of the ASIC web site shed a little bit of light about compulsory acquisition.

I suggest All SBL share holders check out the ASIC.gov.au website and checkout the Form 6024 Notice of Compulsory Acquisition.

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/6024.pdf/$file/6024.pdf

A few interesting points from this form possibly have some positives for SBL SH.

Section 4 - The 90% Holder hereby gives notice that it proposes to compulsorily acquire...that you hold for the cash amount of...

Section 5 - Under section 664E, you, (or anyone who acquires the securities during the objection period) have the right to object to the acquisition of your securities by completing and returning the objection form that accompanies this notice within....of receipt of this notice. The objection cannot be withdrawn.

Section 6 - You have the right to obtain the names and addresses of everyone else who holds securities in the same class from the Company register.

Section 8 - Insert details of the consideration
given for the securities.
During the last 12 months the 90% Holder or an associate has purchased securities of the same class for ....

From section 4 it appears that they have to pay us CASH. So I assume Not shares we have to try to sell on the SGX, brokerage and Foreign exchange rates etc.

From Section 5 we have an appeals proccess.

From Section 6 We have the ability to make contact with other remaining SH

From Section 8 I assume that if LG have to provide information about their trading in SBL over a 12 month period that would be the Base line for any offer they make to us. I assume that they would have to offer a minimum of 1 for 34 as a cash offer. This may even work in our favour if the LG share price moves higher in the coming months.
I don't know how this works and I'm only making assumptions but I believe that the fact that LG has paid 34 for 1 for 76% of the share register buying a % or 2 at .013 would not justify a lowball offer for us.

That all said, they still have to get to 90% yet and there appears to be plenty of us that are patient enough to ride this wave for a while yet.

I personally will be waiting for the 30th April Quarterly report, letting the end of Financial year silly season pass and then eagerly watching to see how things progress in the 3rd quarter.

I still feel positive that we are on a winner. Maybe we just needed a new jockey.

Cheers to All Peteski

Just my humble opinion. DYOR.