No I'm not laughing at all. You may very well be on the money.
The debacle that Hanlong has turned out to be is the only laughable thing here. I mean the Director Lui being arrested on the eve of the go ahead is like getting a mate to call your girlfriend to tell her your dead because you don't have the stomach to break it off in person. Thats how stupid this whole thing has been.
Not that Hanlong was going to complete....think that was starting to become quite obvious by mid march. And its obvious that someone knew it... as the shares were slowly being dumped down to 21 cents from being steady at 28-29 cents for a period.
I will say one thing about China....they know that they have to change the way these investments are made in the future. About 48% of all takeover bids have failed in the past few years and China's recent statement of having a more uniform process in this area will probably stop this type of thing happening in the future. Its obvious China killed this because they did not like the smell of it.
Problem is it has not helped us in any way.
SDL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
