the sec file saying
If the Merger is completed, you will be entitled to receive $29.75 in cash, without interest, for each share of common
stock of OmniVision that you own.
I do care how much I can get. I don't care how much money they have.
Hong has 3 million salary that is his money not mine same as you have 4700 shares which is yours not mine.
I am very happy with 29.75.
You don't know what your talking about. Hong doesn't want to sell the company. The company isn't being sold. It's being merged with a group of Chinese who wish to bring sensor manufacturing to China. If the merger goes thru the big winners are OVT management. They will get large sums of money and still keep their jobs. Biggest loser is TSMC which helped build this company. I think it's great for the merger to go thru because Hong and the BOD are a bunch of crooks. I just think the price is very low. And your $16.00 is just another stupid statement brought on because you have no idea of the true value of the company. With over $550,000.00 in cash and securities, Hua can pay $31.50 or $32.00 per share with no trouble.
I don't care which way. just wish to get 12% profit by 10 months. the owner of OVTI is 77 years old he wants to sell the company. Who create trouble for the merger? the owner or shareholder. Question is merger or not merger. merger = $29.75, Not merger = $16
Easy, I agree with you. I vote my 5000 shares for buyout. 4000 shares I bought in low 27 range. And planning to buy few more thousands in low 26 if it gets there. Better then .01 interest.
Are you Chinese? Your English isn't very good? And why would you think it would be a smooth merger. Read the proxy statement. Management states that they can close the meeting without a vote if things aren't going their way. Close the meeting, change the merger agreement and call for a new vote.
80% shares are in funds. All the fund managers are not that stupid enjoying lose money. They are much smarter than most of the people. Otherwise they can't be a manager. I believe they will vote for. Never heard any merger deal failed by against votes.except there is another better.deal. For this case 29.75 is the best offer.
Remember 60% for is good enough to approve the deal.
ISSI merger increased 3 times.They are going to vote 6/19/16
I am out from them because the price is too high.
I am surprise you wish to vote against the merge. That means you wish this stock price go back to $16. If you have 4600 shares you will lose at least $46,000.
I doubt everybody else like you hates money that much.
I bought this stock simply because it could merger smoothly.
How to vote is really a tough decision that each individual most make. I personally would like the Delaware court to determine a fair value for the company. But according to Omnivision they must be notified of your intention prior to the special meeting. An then those going before the Delaware court must ask the court for the appraisal. This requires a law firm. In other cases the law firm asks for the appraisal and law firm fee's. No doubt in my mind their will be a class action lawsuit for the appraisal and that it won't cost shareholders. But if I'm wrong then any increase in share price could be eaten up by legal fee's. My 4700 share won't mean anything in the final vote so I plan on voting against the merger and notify the company that I wish to exercise the appraisal rights. If large shareholders vote for the merger I'll withdraw my appraisal rights.
It looks the shareholders are losers. The management will get the millions of shares no matter the result. It is a fraud because the shares will be nullified as soon as the buyout is done. It is simply a rip off of money from the shareholders one last time.
Oops! Wrong board. SORRY!! LOL. Guess that was an easy mistake.... hmmmm..... nothing like common ground. Maybe AUO should bid for OVTI. I don't recall the names of the AUO dirt bags so can't comment there. Anyway, we wished them down the well and away they went. Who would like to see this crew down the well? SEC has openings for more mischief makers.
Maybe it has not closed due to the Supreme Court was still considering the criminal conviction of the price fixer employees and the $500 million fine AUO must pay. The Supreme Court just turned down the suit. Basicly that says Hong and gang are guilty little dirt bags. They need to go away for the company to get any respect. Maybe buyers don't want dirt bag employees. Maybe they are men with honor.
If NVDA wants to buy OVTI at $32/shr, will the shareholders vote yes for the Hua purchase? The shareholders are the real owners of OVTI. Why are they investing in OVTI?
the reason why the price not reach to 29 that is because the deal closing date will be 2nd quarter next year. If OVTI announced closing out next week. I don't think anybody will sell this stock at 26.60. Nobody hate money.
The second reason is this is a Chinese people owned company.
Currently there are 2 companies are bought by Chinese company. MIG and ISSI. They are sky high.
The third reason is the shareholder are not stable. they want to sell low and buy lower.
I only have 400 shares bought @ 26.65 and plan to buy more at 25 level if it drops to.
Sometimes the shareholder are strange I had a closeout stock DRIV last year. It dropped more than 40% in seven days and the 8th day the price went back. I believe more than 70% seller lost ton of money. Fortunately I kept my shares and I get reward.
Why would anyone pay more than what they are told they will receive in 7 to 10 months from now? If your out of the stock why are you still hanging around?
if nobody believes this will happen why the price has kept up to 25-27 for more than 9 months. It should go back 16 below.