Have slogged thro the prospectus and still can't decide whether to take up the rights issue or not. Lots of risk factors plus debt and diminishing cash. Not to mention current market/credit situation. Am definitely not downramping. Have held since Harrington days and followed intermittently on hc. Apologies tho' for huge gaps still in my knowledge - eg doubts and queries as to why King and Hallam don't hold fully paids; log creek - who are they; debt equity ratio; money owed to Dr Sun; will he retain his involvement once paid off (ref - passing on his knowledge to next generation of scientists).
Would really appreciate others views on taking up the Rights Issue. As a speculative company in a speculative (and competitive) sector, in a market downturn, do LT holders believe SBN can survive over the longer term - and not just long enough for the main players to cash in ?
SBN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
