consolidation of io sector, page-40

Now Vivonne, whoever you are, you have just stepped onto some VERY dangerous territory. Clearly you have nor read the UMC annual report which sets out the directors' remuneration. MH does not get paid $500Kpa so I suggest you do a bit of home work and retract what some could construe as a libelous comment.
As for the new options - well we can hardy complain as shareholders with a strike price over three times the present share price.
The news flow over the last 12 months has been excellent and if there is nothing to say at the moment no doubt that is exactly what the situation is. We will all get an update when there are results which are worth reporting (as indeed is required by ASX rules).
Whilst on these issues, the UMC visit to London made and makes eminent sense. It is in everyone's interests that the broking community and their clients here, who has been such a strong supporters and financial backers of UMC, should be kept in touch with what is going on - more so than ever in this dreadful financial climate. I know what I am talking about as I was in this game for many decades. In due course these same people will be back as buyers in the market and possibly taking new placements. This will happen because the company has had the good sense to stay in close contact with their London broking supporters - and continue to deliver what they promised on earlier visits. If you think you can get the same results by ignoring them and/or from the Australian brokers think again.
So UMC is doing exactly the right thing in the interests of the shareholders: developing additional resources; making sure that long term shareholder support is maintained; no doubt working diligently behind the scenes to resolver the issue of getting their ore to market and, we can assume, taking to potential IO buyers/investors outside Australian and London. As shareholders we cannot ask them to do anything more imo.
End of lesson - and I suggest 'vivonne' that you post an apology for a grossly misleading statement - otherwise you may well be courting trouble.