"SBN has after receiving advice from its US Legal Attorneys"
Think about it why were they even talking to their attorneys. If SBL is in complete agreement with the boards decisions then why the need for legal manouvering to enforce securities. The only explanations is they are not and are ready to dig their heels in. Wouldn't you if you were about to be closed down and sacked.
And no doubt some poster will say if is just a formality nothing more that some legal procedures that have to be adhered to. If that is the case then why ann it. They only tell information to shareholders that is deemed necessary for open disclosure and price sensitive. If it is irrelevant, a formality then we never hear about it. They could have just said the NJ plant will be closed down and the patent transferred to SBN. But they did not, they added information that spelt out that SBL may not be a willing partner in what is about to happen and legal force will be used.
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