as of 12/31/2012, shah fund only has 87MM, nearly 20% of the that fund is in UTSI. No way they will really buy UTSI out, let alone how they'll get the load from. Interesting Hongliang Lu is the other partner in the deal, is he serious too ?
And who said the fund has to buy with the money in the fund? There are financing and new investors. Just by getting the financing they will be able to pay back immediately and walk away with $0.60 per share using the the current cash.