You are right the management team of both companies are the same, in fact they occupy the same address in Perth. I think Greenday has been around a lot longer. Both have experience in acquisitions, and back door listing. Greenday's two principals, Evan Cross and Vlado Bosanac ('a self-styled venture capitalist') are also Directors of various companies that they have invested in.
I think SBN in its current format is no longer viable, with no cash from customers in its last quarter. Any company(s)putting in a majority shareholding and giving advice must be appreciated. Us pawns are here either to ride with them, or get off.
SBN Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held