A/P,With respect, the company doesn't need to do that!Boards are...

A/P,

With respect, the company doesn't need to do that!

Boards are not there to molly coddle ignorant people.

Anyone who believes that appointing an auditor has some association with appointing a receiver or administrator is just plain stupid and shouldn't be trading/investing without a full services broker.

And besides, the company provided all the reaasurance required just last week - at the AGM:

"The Rights Issue closed on 14 August 2008 and raised the Minimum Subscription Amount of $2,000,000. Since then, the Company has placed an additional amount of $1,178,963 through the Shortfall placement capacity which brings the total amount raised to the Maximum Subscription Amount of $3,178,963.

SBN is very pleased with this outcome, particularly in the light of current economic conditions. These funds will allow the Company to pursue its sales initiatives for at least the next twelve months. In addition, the Company has maintained the support of its key shareholders with Log Creek Pty Ltd now holding 14.1% of the issued ordinary shares and Dr Ming Sun holding 11.3%"

Not to mention all the previous recent updates and announcements.