Spoke with someone at S3 recently who said that Via deal may end up closing in August, but will close. Something about additional paperwork needed by Taiwan Govt.. Give 'em the benefit of doubt I guess. I still think it will close.
On INTC share sale what I heard is a little odd, and we may be given more info later, but essentially the message was INTC is out of ALL the S3 stock. You know the warrants were for 1,000,000 shares @$9 which expire this December; the warrants themselves cost $1 per warrant to INTC. They didn't want to go into too much detail, but when I pointed out that only 429,477 shares were filed for sale by INTC (out of 1,000,000 available), I was told that something had been worked out such that the 429,477 sold covered INTC's gain in the position.
I told you it was fuzzy, but they were clear that INTC is indeed OUT.
You are a real asset to this BB, and I appreciate the many consistantly informative posts you have submitted during the two years I have been hanging around. You are obviously knowledgeable both in S3/DIMD, and in investing.
But your handle bugs me. Surely you post on other boards. Do you use the same handle, or do you adopt the company name for each board you post on?
Again, I thank you for your presence and your contributions here, and if you don't mind, I would really appreciate an answer to my question.
I really don't know if there was some compromise deal in how those warrants were closed out. We will probably never know all the details. Remember how the NVDA stock that DIMD sold back to NVDA was never disclosed in any detail, and never appeared in the financials? Probably it just gets swept away and not talked about. Somehow I don't see it as too important, but I could be wrong.