The following from Hanlong demonstrates one thing to me personally. The this move was orchestrated (read manipulated) from the 5/1/2011. SDL was sold down on oh so obvious short selling activity.
*2 5.0% to the closing price of Sundance shares on 15 July 2011 * 45.0% to the one month volume weighted average price (VWAP) to 15 July 2011 * 37.1% to the three month VWAP to 15 July 2011
To blow their trumpet over the "premium" they are paying is a slap in the face to shareholders and the lost management.
This would be a gift literally to Hanlong without doing any of the hard yards.
As GJ did with Portman I hope he forcefully and publicly rejects this ridiculous offer. More importantly I hope in this case shareholders and the board supports him first up, and not as was done with Portman.
IMO, he will on all counts. If he doesn't fight this I will be very surprised at the least, if not disappointed. SDL is worth far more and Hanlong knows it. Stating they are "paying a premium" is simply bovine manure IMO.
Also IMO if the ASX or ASIC had any teeth at all this would be a perfect one to investigate. However as we all know that simply won't happen as they have none and let this activity go by untouched and all to often.
Not advice by any means but for mine this is a very simp-le dexcision..."REJECT"
SDL Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
