what i like most about this announcement is that it reminds everyone of the amazing resource UMC has.
even as late as today im sure people out there would have begrudgingly accepted $1.50 bid. i now believe most people will sit up and realise that $1.50 will only be accepted in multiples of 4 or more... ie, $6 or higher.
i dont want to turn the debate back to T/O talk, but i feel alot more confident post announcement that the sentiment has shifted back to UMC - WHAT A MONSTER as opposed to THIS SILENCE IS MAKING MY EARS BLEED!!
apologies to the UMC management for any harsh words typed in times of silence.
UMC Price at posting:
$1.07 Sentiment: LT Buy Disclosure: Held