just thinking, page-2

The thing that makes me confident that SDL are in the midst of finalising a finance arrangement is that it would be poor company poilicy/management to only raise $10m to get through to 2010. I say this because if nothing crystalizes, the SP will only go down and any need for further capital raising by placements will further dilute the company much more than if the SP was higher eg: if it was at 8 cents. The board are smarter than this.

IMO i believe an arrangement has been drafted, but not in the best terms for SDL due to the GFC. Hence, the need to raise some capital to delay/buy time to try and negotiate terms in a slightly more favourable position. Such as Don Lewis stated somewhat like that the GFC should not affect the project in terms of getting it started but merely the way in which is will start (ie: financing).

As always DYOR.