I know what the SP was Winsol I was in before the tragedy. I have rode this all the way up and back down again-I can handle it. My argument is that shareholders aren't being shown respect by being kept in the dark about previous negotiations and present. If SDL want some real pressure wait until all the smaller shareholders start selling at sub 50 due to lack of info and watch Hanlong buy a greater slice of the pie. Then a hostile bid will become a reality. Declaring their hand is a lot different to informing shareholders of the conditions of the TO and as GJ has said they are open to an offer. Up until Hanlong put in the 50c bid they were going all the way to production and looking for a JV-what happened to that idea? You just put the jitters into the market when you flip on what was a commitment to get to production. The events as you call them-I expect you are referring to the US -was in the pipeline 6 months ago. The Greek issue has been like a weight around the world markets neck and you didn't need a crystal ball to see that all markets were heading south with a downgrade in the US. And as far as a 1.8 mill deal-get on the calculator and work out 66c SP-which is when SDL seemed to decrease info to the market. I have or had a LT view but with this backflip on production and extensions on talks I am suspect not short sighted or impatient. Good luck all
SDL Price at posting:
45.5¢ Sentiment: None Disclosure: Held