Wow. I wonder what sort of blood might be on the floor next year if another 12 months passes with no tangible progress?
Hanlong holding 14.1% is obviously not a happy camper, I wonder what sort of troubles they can whip up.
One good thing from the article is the emphasis on cash conservation. Further dilution would continue to wreck shareholder value and it should be avoided at all costs.
We will wait and see whether the company can get through 2015 without any further CR's as GC stated. It would mean a significant reduction in expenditure and pre-development costs.
Good luck!
SDL Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held