I'm with Serpie. I think that the cap raising will probably be successful, but these guys are burning money too quickly. They've gotta start making a profit very soon or they're in big trouble. they are running out of time to pull of a company-making deal.
At 1c a share I with half an option thrown in, I think that there still a pretty good gamble and I'll be participating in the cap raising. But lets face it, it's not really an investment, it's a long odds gamble. good luck to all punters
I apologise for playing devils advocate, but I truly believe that all decent discussions need someone focussed on and willing to highlight risk.
SBN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held