X0202 4 2008-01-03 1 0001331301 SMART BALANCE, INC. SMBL 0001218321 OSS CAPITAL MANAGEMENT 598 MADISON AVENUE NEW YORK NY 10022 0 0 0 1 See Remarks This Form 4 is being filed to report that O.S.S. Capital Management LP, a Delaware limited partnership (the "Investment Manager"), Schafer Brothers LLC, a Delaware limited liability company (the "SB LLC"), Mr. Oscar S. Schafer ("Mr. Schafer") and Mr. Andrew Goffe ("Mr. Goffe", collectively with the Investment Manager, SB LLC and Mr. Shafer, the "Reporting Persons") have elected to file this Form 4 voluntarily to exit the filing system. The Reporting Persons, as of January 3, 2008 were no longer 10% owners and had no obligation to file the Form 4s they had filed on January 7, 2008, January 8, 2008 and February 14, 2008. /s/ Oscar S. Schafer 2008-03-17