Somehow i feel like someone with leaches all over me. The board has made money, Hanlong executive have made money, shorters have made money, fund managers have made money and I have nearly been sucked dry.
It is an absolute farce that it has taken 2 years to get to this.
So many questions which will never get answered.
* Was there more to the insider trading fiasco? * Were there more people involved? * Did HL only hold on longer in the TO because they got their hands caught in the cookie jar? * Did the CFO leave because he knew the writing was on the wall? * Did the new board do a thorough due diligence? * Did the board ever speak to other suitors? * Why didn't the board call HL's bluff a year ago (we pay them to make informed decisions) * Why did management do a capital raise a year ago? Did they know something we didn't? * Was the whole "murder" case a big set up/get out clause? * Will there be an inquiry into all of this? (no) * How can we allow a foreign company launch a TO without clearly having no money. * Is there a "plan B" * When will the board come to us to raise more money? * Will the share price be pumped up before raising money? * Will the board keep us updated? * Who will be held accountable?
Today is a great promotion for buying property. I may get maintenance bills, rates etc. But, at least i know where my money is going and who is taking it.
Position - hold but wish i didn't Sentiment - We are always the last to know
SDL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
