Insider trading, delays, delays and now this. I am sure forums will be a buzz whenever a Chinese company makes a play for an Australian company again. GJ saw the writing on the wall some months back when more money was raised. That was one of many red flags. The insider trading and the departure of an executive immediately back to China showed what type of people SDL are dealing with.
I would say they do have us by the balls. Deal goes through, we get 40 to 50c. It falls over and sub 20c with the need to raise capital on a regular basis. I get the feeling that whatever we get will be better than the alternate option. Unfortunately (HL) knows this.
Imagine if the roles were reversed. We would probably have 5 or more executives doing 20 years in prison. The insider trading was a disgrace! I hope they get burnt in any future dealings with Australian companies.
Position: hold
Sentiment: Run run run when Chinese get involved
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- could be 'game on'
could be 'game on', page-70
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