Westcott,
I think you mean "clever"?
I am not trying to catch you out. The market has done that already.
On the subject of "true value of the company" I remain convinced the EV represented by the current share price is considerably over valued. There is simply no possible way that the company can repay its debts of circa $85million. This remains a time bomb that will go off at some point. The debts will not disappear and anyone holding equity should be considering how these debts are going to be repaid as they RANK AHEAD OF SHAREHOLDERS!
I remain convinced SDL will at some point be in administration with a total loss of shareholder value. The only factor will be if the debt holders do not actually want the headache of taking direct control of a total basket case company with no prospects. In that case shareholders can look forward to further dilutive small capital raisings
J9
SDL Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
