No need for management to kick Hanlong to the curb at this stage. The market has already done that.
Hanlong have no money, clear and simple. If they can't get a "provisional" letter of credit on time after 18 months what does that tell you? SDL lost 18 months to advance the project while things were still good. That my friend is wealth building. Not this garbage waste of time Hanlong has put up. Billion dollar conglomerate with no money.
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Held