I agree, I'd be very surprise if many apart from forum readers here actually would know what's going on.
What really happened is that SBN has raised every cent of what they aimed for in a hostile market environment. They are now able to pay off all debt (Dr Sun promissory note) giving it a clean balance sheet. Last, but not least, they are fully cashed up to pursue their business plan over the next 18 months to 2 years.
The announcement said none of this, just talking about a shortfall which doesn't actually exist in real terms.
The ASX announcement is a matter of record, and as written, did not do any of us shareholders any favours. An official clarification would be nice.
SBN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
