That is the most transparent price adjustment l have ever seen....

That is the most transparent price adjustment l have ever seen. Buy SBN shares in the afternoon to increase the share price by approximately 43% and the next day announce a SPP advising that the raising is at a 30% discount to the most recent shre price.

Some other important details:

6% Underwiters Fee
$50k corporate advisory fee to underwriter
Issue the underwriter or its nominee, 17,857,143 Options exercisable at $0.007 on or before 31 December 2017
They are only raising $1,158,990

Another important fact:

Mr Jason Peterson, who is a director (and indirect shareholder) of the Underwriter also has
a relevant interest in the Company’s Shares via a major shareholder, Mr Jason Peterson +
Mrs Lisa Peterson . This shareholder currently holds 8,741,022
Shares (or approximately 5.28% of the Company’s Shares)

And finally:
Can anyone find anything of any substance that the company wishes to do with the $1 million? I cannot!