buyers building next stop 1.30, page-12

re: when are results due Quite right SBC:

1. They file reliable financial statements on time.
2. Totally transparent
3. Proven management
4. Balance sheet full of cash and no debt ($10m)
5. CEO/founder holding a substantial stake in the business.
6. Hot sector
7. Institutional stakeholders: Argonaut, Packer & Macquarie.

All boxes ticked and that is rare.

Regarding escrowed shares:

There is 17,351,500 escrowed for 12 months and 22,674,000 escrowed for 24 months for a total amount
of 77,526,000 plus 5,500,000 performance shares plus 2,250,000 options on issue.

The diluted market cap would need to include these - although, IMO, the current number of shares on market are vital in terms of today's SP dynamics. The current registry is much tighter than it appears.

Good luck.