SBPO look like they are out of the money unless something very big happens soon!
As I cannot see this happening, here's my theory (pure speculation) on the likely outcome:
Existing shareholders will be offered a new 25Cent DEC 2005 option for every two Options or FPO held, at a cost of 1 cent.
If fully subscribed this will bring in a badly needed 1.5M less costs.
All comments welcome.
I hold SBP and SBPO.
SBP
solbec pharmaceuticals limited
