I agree with you Bush; $1.75 is hardly a stretch target and will...

I agree with you Bush; $1.75 is hardly a stretch target and will be well in the money by events not necessarily congruent with further out performance by the directors. The Black-Scholes method is BS [look at the beta applied and the source] in the current global environment as is this option strike price. Is it mere coincidence or are the directors pegging their entry price to that of the Sheik? The ratification of the previous share placement, resolution 13, given a 6 month lapse is also curious. The conspiracy theorist may wonder who is capping the share price and why? In the backdrop of the unprecedented global events it is very very difficult to see the wood for the trees and the performance of UMC SP compared to its peers is only 1 factor to be considered. Opportunities are presented to all stakeholders. Vote NO to resolutions 7 thru 13.