Speaking of Mosel...has anyone followed their stock in the last few weeks? Went up 7% max daily for a while and went from 2.xx to 7.85. Hopefully, this will provide them with more liquidity and means they won't be selling soon.
Interesting. Maybe their stock is up so much cuz they are flush with cash from selling all their IMOS shares!!!! :-) I have a related question though:
Remember on the conference call when I believe Brian Grad of DLS asked SK/SJ how many shares Mosel has left? They initially said 2M, then somehow later clarified it was actually ~1.8-1.9M now. And then Brian Grad asked if they could find out exactly and SJ/SK said yes they will find that info out for him. I assume they will e-mail that info to Brian Grad (not sure if they said that in the conference call). Has anybody here contacted them to find out what their findings were in this case? I'd love to know how much more Mosel selling we might have to endure before this thing can get some solid footing and start marching higher based on the fundamentals rather than languishing at a price way too low cuz everybody is scared Mosel might dump another 1.9M shares tomorrow.
The nice thing about the eventual move to the TW exchange is that the increased float [share count] will take IMOS out of the thinly traded stock category and a Mosel selling shares will not have the effect that it does today.
We all know how great IMOS is, but I think Solly's issue reflects that of a lot of investors. Almost anyone new to the story is likely to be skeptical of something so cheap. A buyback would go a long way to closing the credibility gap.
I realize the Taiwan listing is coming and we should all be rewarded. Still, it would be nice to see management act responsibly and in a shareholder friendly manner via a buyback. I think it would go a long way.