What I don't understand is If they have $35mil on hand and they...

What I don't understand is
If they have $35mil on hand and they raise another $40mil

A. Why do they need so much cash when its all over soon.
B. Assuming in round numbers $40mil is raised, thats 100mil more shares (@ 40 cents) that Hanlong will buy back in a couple of months for $57mil. There is no way Sundance can spend that $40mil and add $57mil of value in a couple of months.
Yet Hanlong have agreed to this ??

Dave