As an ex-holder I come back occasionally to have a look to see whats going on with SBB. Surprised to see the same sorts of conversations 3 years later! Nothing really changed here. This company appears to be a bunch of crooks. Everything from the start was suspicious, and many people (including myself) were trying to justify. However, this business screams of fraudulence to me, and they have taken millions of dollars from Australian investors. If there is any legal way to have their accounts forensically audited, I would suggest current and ex-holders to band together to have this done. If there are any experts on this who are interested, then please help get the ball rolling, as I strongly suggest action to be taken. If ASIC, ASX, or any other agency could step in, I think that every reasonable measure should be taken to pin these guys. An example needs to be made of this business, so that future Australian investors are protected against these types of businesses and dodgy practices. Completely unethical. In my years of investing, Ive personally not been exposed to anything more dodgy on the ASX. I am currently in the class action against SGH, and in my opinion SBB practices are much more suspicious. So there truly could be a very strong case here.
SBB Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held