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dallas

11 Posts.

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11/07/14

06:38

Post #: 13643212
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Originally posted by RedMax ↑

Just a couple of points that may need to be considered

Company Secretary, Chow Yee Koh...........Salary last year was 16,928 from Sunbridge............he is a senior manager with Grant Thorton

Chief Financial Officer,Yee Shyang Wong............Salary last year was 16,400 from Sunbridge.........he use to work for Grant Thorton.

Grant Thornton in Australia is part of the fifth largest accounting network in the world........and are our Auditors.

I do not think that it is just a coincident that these two men have been sourced by our Managing Director/CEO....Mr. Jia Yin Xu

Just like the two aussie directors who have some background in sports admin......Sunbridge has just sponsored (through their Pandist label) the 2014 AVC Beach Volleyball Championships. Obviously this is where the company (Mr.Xu) sees part of their future..........sports apparel

The Operations & Revenue Update of the 26th June..........Release of shares from escrow

"On 27 May 190,800,000 fully paid ordinary shares in Sunbridge were released from escrow. Sunbridge’s Board understands that a number of holders of this stock have taken the decision to sell their holdings on-market which is unfortunately having a negative impact on the price of Sunbridge shares. The Board is confident that this is a short term issue and is no way a reflection of the financial or operational performance of the company."

I would suggest that everyone spend some time researching Mr. Xu...................this is his company, his baby..........if he was after a quick buck he would not have escrowed his shares for two years..........he would not have personally indemnify himself against third party lenders...........check p.22 of the prospectus, you would be very impressed with his achievements

Yes, I had reservations about the company...........but I have spend the last two weeks checking everything that I could about the company. I am confident this is the real deal.

Finally Skaffold (whether you like Roger Montgomery or not) has an intrinsic value of 83 cents this year and 2015 of $1.08 ......WOW

RedMax

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Skaffold had a value of about $9.00 for Forge for a long time before going broke
Still considering this investment.Tried making contact with the company via email several days ago.Still no reply. Plan to check out the Melbourne office today.

SBB Price at posting: 7.4¢ Sentiment: None Disclosure: Not Held
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