Westcott,
This deal isnt a hanlong sweetner, or a deal to suit or help them...please...they werent even in the eqaution or thoughts in my opinion...
This deal isnt to dilute smaller shareholders, penalise small guys,
This in my opinion is a smart prudent management move to protect ALL shareholders
Think why they did it
In the event hanlong pulled out, SDL would be backed hard into a corner...no cash, no jv, no bid, Jammed hard
This is the board putting another 40m into the bank to ensure if the worst case hanlong scenario arose, we are protected in the interim and not totally screwed... I dont think this cash is for port wirks etc...maybe it is...but it means sdl and all shareholders arent nailed,
Smart prudent capital move thats all...
And yes Dtrad go hanlong...stay strong....yes they are borrowing the cash...most companies workdwide doing this deal would
Dont see anyone else stumping up?? Do you? Do you honestly think hanlong wont have chinas best working on this deal with them?
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