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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

  • cemadh_99 cemadh_99 Dec 7, 2012 10:15 AM Flag

    IMOS share sale prospectus

    A weird thing happened today. Wells Fargo sent me a link to a PDF document. This document was the share sale prospectus saying that SPIL and Thailin were going to sell 2.5MM shares and that Cowen and Craig Hallum are the underwriters and all that....
    The thing is - it appeared that I had an option to bid for some shares at $10.10 according to this document, provided, I could travel back in time :-)
    Why would a document dated October 26, 2012 be sent to me on December 7, 2012??

    I have asked Wells Fargo. I will let you know as soon as I hear back from them.

    Sentiment: Strong Buy

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    • Reply from Wells Fargo:
      _______________________________________________________________
      ...
      We understand you concern regarding prospectus mailings. The prospectus
      is actually mailed from the transfer agent of the company. As such,
      Wells Fargo has no control over the timing of the mailing. By law, the
      transfer agent needs to mail current prospectuses to shareowner' s' any
      time there is a significant change to the company, but at least
      annually. The timing of the receipt of the prospectus has nothing to do
      with the sale of shares.

      ... Your message has been forwarded to our Executive Office
      Services for review. Your comments, along with those of other customers,
      will be used to make future improvements to our service.
      ...
      _______________________________________________________________

      Sentiment: Strong Buy

    • Because they are pathetic.

      Sentiment: Strong Sell

 
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