SBN » Topics » Purpose

This excerpt taken from the SBN DEF 14A filed Jun 29, 2005.

Purpose

 

We are seeking approval of the reverse stock split to return our share price to a price level that will satisfy the minimum bid price requirements for listing our common stock on either the Nasdaq Stock Market or American Stock Exchange (AMEX), as discussed below, and also to increase the price of our common stock to a range that might make it more attractive for institutional investors.

 

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