Keep reading. SBB gets a mention., page-2

The basis for the author's comments on SBB relate to the extremely low free float it had on initial listing, effectively nullifying the power of the market to determine what it would like to pay for stock of the company - this sort of mechanism is how FTH snowballed ridiculously out of control, but it isn't illegal or even frowned upon by the wider market community (FTH was just an example of what can happen in the extreme circumstance). There are numerous successful companies on the market with a low free float, generally with the top 20 holding upwards of 70% of the company. That is the sort of position that SBB finds itself in, for better or worse.