Hi guys - interesting and thought provoking debate regarding valuations. Thank you. Agree with AJ though that the price is always what the buyer is willing and able to pay for the asset, no matter what intrinsic or extrinsic value may have been worked out on the abacus. But the points AJ used above to support his decision not to sell at this stage (and at this devastating price) remain valid. Clutching at straws ? Maybe. The market apparently thought so with over 74m shares changing hands in the highest volume so far over the past 12 months.
As the ann says "no suitable offers" have been received in the company's search for a strategic partner we can't argue with their decision to do whatever needs to be done to preserve cash in what we are told is a negative cash flow business.
Good luck all holders ... And everyone who sold too. Would be wonderful to think the story might, at sometime in the future, re-capture your interest and your money. The story itself hasn't changed. We just don't know how it will end. (ps the current market value pales in comparison to what I will lose if the SP becomes worthless.
SBN Price at posting:
0.1¢ Sentiment: None Disclosure: Held
