hi westcott, I read it as a 76% discount to valuation which means it's worth approximately 4 times as much as what we got?! either way we are dudded....but this valuation has come out of left field as far as I am aware, never heard of it before...obviously Deloittes haven't either....mind you they seem to think it's okay to sell property, plant & equipment for $50,000 which is worth 14 times as much, as magix pointed out
perhaps that is an issue for the auditor and the audit committee of UMC which will act in all shareholders' interests (I also believe in the Easter bunny)
bruno, please feel free to use my posts except the slanderous ones haha
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