SBP has cash ($1.3m as at 31/12/03) and has accepted Sintacks T/O offer for the shares it holds in JET at 25c/share.(3.7m JET x 25c=$925,000).
Therefore SBP has more than $2m in cash and has no need to raise any cash.
The SBPO's(ex.price=20c, exp.30/6/03) could possibly be in the money come 30 June and this would raise a further $32m.
- Forums
- ASX - By Stock
- SBP
- ******** s b p *********
SBP
solbec pharmaceuticals limited