Hi all,
This $5M owed to Hanlong is just another blunder SDL Management made.
The original proposal with all the tranche payments to SDL by Hanlong during the takeover had a fine
component for missing payment dates, but SDL decided to waiver the fines.
Why they did that is another questionable act!
From my perspective there has been a lot of information in various SDL presentations that can be
interpreted in various ways. eg. the finance components.
A lot of shareholders & potential shareholders have obviously interpreted the finance with the tenders a
fair bit differently than SDL management.
I guess that most of us that are still hanging on could say that we have been misled, but there is nothing
that we can do now but to hope that a miracle occurs.
I for one have been gullible & trusting about what I have read, but part of human nature is to trust &
that does not always pay in the long run it seems.
Good luck to all.
Shinboner
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SP & China $5M Convertible Note, page-72
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