Here is a copy and paste of dh's post.
Summary Schedule
1. Shareholders $1.112m RECEIVED
2. Underwriters $1.500m RECEIVED
3. Shortfall $0.566m RECEIVED BY FRIDAY
TOTAL $3.178m RECEIVED BY FRIDAY
This means that normal shareholders will have 112,212,169
new shares.
Most of us needed those shares to average down and that would leave less than 10% (guess)to be traded 12 mill shares.Not many
The placement of shares to the underwriters larger investors will be tightly held.
So now you can realise why there a next to no shares for sale and why this stock is so tightly held and most of us have an average around 3 cents now.
So dont expect any large selling until we are well clear of 3 cents, and most of us are expecting some great news over the coming year.
Well done SBN shareholders who participated in the cap raising.
Now we will have money in the bank and own our own IP.
The future of SBN is now up to the success of their products.
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Here is a copy and paste of dh's post.Summary Schedule1....
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