duped, page-52

Narca,

Hanlong are corporate raiders/private equity but without the equity.

The need a financial institution supporting their bid and they don't have one to date. That is why Im paying close attention to this very intreguing deal, it's very messy and more murky than an episode of Days of our Lives.

The market generally agrees with this issues as the current shareprice is 40% below the offer of 57c.

If the conditions were dropped two things could happen.

1. The price could shoot up to around 50c+ as the offer would be seen as unconditional. (unlikely to happen as Hanlong don'e have the cash to buy the comapny nor do they have the cash to finance the project)

2. The market could not bat an eye lid and basically tell Hanglong that "theyre dreamin" (which I agree they are)

To sum the current situation up, Hanlong have bitten off way more than they can chew with SDL and are chewing like crazy in hope that things don't fall over or potentially there is a higher bid from a bigger fish to bail them out.

Cheers!