possible reason on the languishing share price, page-16

It's always very difficult to make assumptions when we don't have all the facts. Hell, we can't even be sure what, if any, allegiance THX directors have with UMC. Indeed, I would expect to see a shifting of UMC allegiance from THX to the future substantial shareholder(s).

Don't kid yourself, in the corporate world it is very much a dog eat dog situation. THX directors will do its best to look after themselves and their shareholder interests and UMC directors will do likewise.

I have no doubt that THX has set an exit strategy and surely there are some big boys out there who would like to buy a nice slab, but at the right price.

Flick the coin:

Heads - THX has set an exit price?

Tails - THX has set an exit date?

If I was operating a hedge fund and decided to buy a substantial parcel (5%) in UMC, what is the most likely option:

A) Placement?
B) Buy at market?
C) Buy THX holdings?

Mr Tonedeaf - I agree with the overhang theory!!!

REMEMBER - WE WILL ALWAYS ONLY GET 1/2 THE STORY!