time table shifted again, page-9

Pandev, I make a one-off posting here. I also have a new positive theory (see bottom).

Firstly, again it's NOT a case of Han Long being unable to get the cash. The cash was already ready and waiting on a silver platter to be handed over by the CDB (but the silver platter had to be quickly put away into the cabinet when ASIC nabbed the insider traders in a sting op - hence the confidential letter being used as a smoke screen to disguise China's humiliation).

It's the unresolved ASIC probe which continues to push out the time frame indefinitely. So long as Steven Xiao doesn't return to Australia because of his "high blood pressure", the Australian government can indefinitely prolong the stalemate. With every passing day that Xiao doesn't return, the more likely that China believes that HanLong will be implicated in the scandal. I read some nonsense posted here a while back that it's the employees who took part in the scam and not the company and hence HanLong will not be accountable. If that's the case, BP wouldn't have to pay billions in compensation to the US government for the oil spill and get the guy who ran the rig to pay up instead. LOL !

It' music to the years to IO exporters to China.

Ok, here's is my theory (and potential good news) !

Since IMO, HanLong chance of acquiring SDL is doomed. The only way China Inc can still acquire SDL is via a superior bid from another Chinese entity which has to be a so called "private outfit". This is the only circuit breaker I can see anytime soon.

In other words, the new scheme of arrangement is just another smoke screen and a means to buy some more time while China Inc readies Plan B.