Being a shareholder of SBL a few years back i have taken a keen...

Being a shareholder of SBL a few years back i have taken a keen interest in the ongoings at SBL of late and have spent the last week reading through the entertaining post sentiments here.

The most IMPORTANT point i feel you are all missing is the very fact that the LION takeover of SBL is priced at a whopping SIXTY(60) odd million dollars.It is not about the price of SBL shares but the value of the company.The directors sold out because the price is very fair given market sentiment and uncertainty surrounding SBL. The majority of posters here forget SBL have a whopping 3 billion shares issued which value the company at todays price of forty five(45)million.

This is a very fair price and given more uncertainty in world markets about to come upon us the offer is 15 million above current market capital of SBL.I could invision SBL falling to a 20 million market capital in this uncertainty which would give SBL a share price of .006 to .007 so the offer from Lion is very high and thats the reason directors haev sold.

I am seeing this situation from the outside looking in with no emotion.