You say that "there is not one fact,not one bit of evidence to suggest that JH and JK (all any management) had done any damage to the relationship at all"
That's not true Harv - because we know for sure that the company committed the unpardonable sin of not ensuring the quality of the 20,000 units delivered for the trials to commence January.
After this, their reputation was clearly 'on notice'.
In my view, they then committed a further sin - of issuing SiYi (along with other potential partners) a standard letter inviting expressions of interest in equity injections/partnerships/part company sales etc WITHOUT proerly explaining the intention or how it dovetailed (or otherwise) with the MOU signed just weeks before. I believe SBN adopted a 'suck it and see' approach and it backfired.
There is a significant element of speculation in this of course - but the opposite is also speculation (unless you believe that company's never dish out spin).
SBN Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held