article in bloomberg, page-9

RVINTL, surely every man and their dog who had invested in SDL would be aware that a large portion of the project would have to be given up to any potential partner? I mean, if you didn't, you obviously have done very litte research before investing. All of the in-depth valuations I have seen have dealt with this project dilution fact also. The dilution comment in the article is not being ignored, it's just not new information to anyone here.

As Westcott alluded to, there does seem to be some quite definitive language used there by GC, but SDL management has sounded confident before.