direction of company, page-2

I think you should read the previous announcements. The entitlement acceptance letter hasn't been sent yet, so too early to see what if any shortfall there is. It is fully underwritten by Patersons Securities.

The chairman's note to the annual report indicated
'the board of directors of SBN has been reorganised and is focused on new opportunities for the company' and
'we are reviewing a number of new business opportunities for SBN to invest in.'