Getting away from the bizarre pleas and back to some numbers:
"At the moment with the 30% devaluation, we have a POTENTIAL ‘loss’ of around $600,000 value in the funds remaining after payment of issue costs and payments to Dr Sun"
Assuming it's a paper loss at this stage then it wont show up in the cashflow reports yet.
At the end of the last quarter SBN had $1.74M in cash, and was burning about $500k per quarter after returning to normal operations.
If they realise this loss on the books, and burn $400k - $500k this quarter then things will get a bit tight again wont they? Following the last cap raising they had enough cash to get through to Q3 2009. Has the forex swing robbed them of a quarter of breathing room?
SBN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
