Ann: Becoming a substantial holder, page-12

Needs a day of volume where at least 10% of the register is turned over. Too many old stale holders imo. SBN has already gone through a 14-1 consolidation a couple of years ago, so still some old holders wanting to get out on any spikes it seems.

Not sure about the Oraline anymore given last year's testing results. Apparently at one point it was going to take over the world, but not now others have jumped ahead. I think they are now outsourcing development of this anyway. But who knows, we might get something out of the blue to surprise.

I think to justify a higher market cap we'll need an announcement for the commencement of the Telethon Kids asthma trial- then things will start to improve. Maybe able to justify $8 - 10m market cap on this??

And then at any time we could get a real game-changing announcement re an acquisition.