vindication, page-15

Hi Vin,

My concern is the placement getters from Pattersons - people who have been sold the shares that do not have any prior history with the company.

It all comes down to how many underwriter shares were available in total and how they were marketed - I know that I did not receive a call back from Pattersons when I inquired, so they may well be going to educated insiders that will sit on them (friends of MF for example).

Alternatively, if it is like any other sell job, they could be selling the shares to them on the basis of the current rise (they have a couple of days left to sell any shortfall). Monday morning, they would be calling around to their "sophisticated investor" clients and saying "would you like to buy a share that's at 1.8 cents for 1 cent with half a free option?" These people (if the sell job was in any way close to this scenario) would then vastly increase the free float of the stock as they would unlikely be looking for a long term hold.

Remember that there are about 300M shares being placed. Just 5% of that going into to short term hands would increase the free float of the stock by 15M shares.

I am not saying its what's going to happen, and I don't want to rain on anybodies parade (and I certainly can't afford to buy any more shares in SBN following my overcommitment!), just for people to be aware of possibilities and with a viewpoint from other people that could possibly be entering the stock.

I love to see stocks - especially those that I own! - go up 80% in two days. What I really hate to see are bubbles, as if we have a further strong rise without a base, the share could easily be sold back down to 1 cent for a short period - dependent upon the new register profile of the underwriters clients.

My opinion is that the stock would have been spruiked to MFs friends and interested parties above a normal stock salesman's client list.

All the best.