Vintage, No "modus operandi" here. For the sake of tranparency last bought SBN at an average of 2.7c and sold the next day at 3.6c. No buy orders in, and will not be placing any until after the cap raising, and even then not until Q4 if at all.
AJ, You're always the gentleman and I'm sorry to disappoint you, but did we really think that they would be cutting it this close? They've got nothing left in the kitty, and no one is talking about it. And with regard to working capital - they've cut right back on their costs in order to make it through. How can this can not be good for revenues for this quarter?
Sputnik, I dont think the cap raising is going to fail. I think they'll get their minimum subscription and continue trading. I think that there's about a 10 - 15% chance that they wont achieve this.
GSW, Sorry you didn't get a chance to have a crack as well.
SBN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
