If I was running the show I would have said to myself, the only way to raise money and keep the company going is do a cap raising at the minimum and then consolidate the shares say 10-1. Instead of 1.5 billion shares we now have 150 million. Nobody would pay anymore than .001. I reckon its a smart way to achieve their initial aim. I don't know what assets the mob own who are running the company now, but I reckon SBN will finish with them. More dilution but then again anything is better than nothing. I say this because I just cannot see any business that you could buy for a` million and be value to shareholders except something they already own. Punters arn't going to keep handing over more cash unless they can see light at the end of the tunnel. Call me suspicious/mad/pesimist, I don't care.
SBN Price at posting:
0.3¢ Sentiment: None Disclosure: Held
