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.
Actually 1,998,659 as of 9/30/2012 per the recent offering prospectus (pg S-29). They have since sold an unknown quantity but have registered to sell 765k shares via an Oct 4th 144a filing. SK said on conf call that they have sold something like 20k of the 765k so a little under 2mm left.
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.