Yeah!! Finally I am not alone anymore on this board! ah ah ah ...
Btw, don't you think a buyout might be ... a logic step for MOBI's Management?
IMO the fact that MOBI is backed by Sequoia Capital gives the Company some credibility.
2. A principal at Sequoia Capital (Website) sits on MOBI’s BoD.
Mr. Kui Zhou has been a director of our company since 2006. Mr. Zhou has been a principal of Sequoia Capital China since 2005 and a partner of Sequoia Capital China since May 2007. Mr. Zhou also serves on the board of directors of some Sequoia portfolio companies, including a director of Sky-Mobi Limited. Sequoia Capital has been in early Investor in the Company and its ownership stake currently amounts to about 12.75% of MOBI’s Capital.
The Presence of Sequoia Capital (Website) as one of the major shareholders of the Company on the one hand, and the fact that one of the Investments Company’s principal sit on the BoD on the other, should mitigate the Moral Hazard problematic that characterizes the management many of the Chinese Companies Listed in China.
Lately Sequoia Capital China has been pretty active on the Take-over / Acquisitions front.
and theActivity in the Option Market has been suspicious lately.
Btw I expecte Moby to come down on low volume ... JMHO