ann out..termination of agreement with siyi, page-43

The most interesting thing about the announcement was this statement:

"The Company, through its Chairman, Mr. Peter King, its Chinese based consultant, Dr Peter Sun and Dr Ming Sun, endeavoured to facilitate a personal meeting between the parties".

Compare that to the Decemeber meeting between SBN and SiYi - as reported on the SiYi site:

"On the December 9, 2008, Mr. Jack Kerins, Chief Executive Officer of Sun Biomedical Laboratories, Inc of U.S.A., and Mr. Jim Hallam, a director of Sun Biomedical Ltd. of Australia paid a three-day visit to Shanghai Siyi Biotechnology Co. Ltd"

Now why would the 'frontline' personnel have been so dramatically changed?

Surely for continuity's sake - if there were no reasons not to - JH and JK would continue the negotiations so glowingly described following the December meeting.

But no. JK and JH are out - and PK, MS and PS are in.

Why would that be??

I would suggest that SBN realised - long ago, probably before the last announcement - that JH and JK had become a total liability (probably for causing some major offense sometime after the December meeting) and had no remaining credibility with SiYi.

So Peter King and Ming Sung stepped in to replace them - but to no avail. Too much damage had apparently been done.