biggest problem IMO is the state of the share register
its an absolute mess and nobody is going to trust management's recommendation after the performance over the last few months. A lot of people want out and that will be the reason UMC goes cheaply.
with THX possibly a seller at $1.50, no big shareholders on the register except management and the view shareholders have taken over management the last few months its no surprise a bid has been made, its a sitting duck
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