Hi burnt Umc Holders.I was hoping someone with greater knowledge...

Hi burnt Umc Holders.

I was hoping someone with greater knowledge and understanding than me of UMC's other assets not associated with the BHP scheme of arrangement could give them a conservative shareprice value once this farce has been executed.
Surely directors have some legal responsibility to attain best value for these assets for shareholders(big laugh considering whats already happened)and would be aware of asics monitoring of the situation.

Is the next step after this scheme o a is implemented to merge with another company, wind itself up after asset sale or some other play?

Although there seems to be no other bid coming, the question is there upside and is it worth the wait for the BHP money and UMC's sp upon its asset sales. Surely if it goes out of existence any value/assets it may have must be distributed to shareholders.

Thanks in advance.

P.