This development makes the 40c capital raising look prescient.
Excellent move by board to execute it.
We can now dig in somewhat but how much stock do the Chinese have undisclosed (multiple sub 5% holdings)?
Problems of the dysfunctional capital structure coming home to roost.
Hedge funds now will dominate register for their arbitrage models.
SDL probably history now.....just comes down to how high a price we can get in next few months.
