tunberry, sbl and siyi, page-7

All very intriguing Aj!

SBN of course outsources its Australia-based management functions to Tunberry.

So Tunberry may have been in China in that capacity.

But probably not. The MOU was signed by three parties - SiYi,SBL (ie SBN's fully owned subsidiary) and Tunberry.

But - up til now - the JV was between SiYi and SBL. Now we have a third player (3 signed the agreement) - Tunberry.

Tunberry wears 2 hats. It provides ofice services for SBN and is also a funds manager - in its own right - that specialises in small cap companies.

The question is - was Jim Hallam there for SBN or for Tunberry?

Could well be the latter - in terms of strategic negotiations around capital injections etc.

Most intriguing!