silly-------I think you have it all wrong. IMOS was a great buy at $10, a real good buy at $14 and a real good chance to make decent money at $20.
royco-------Lets be honest.On a short term basis this stock sucks. No new buy back,no dividend of any significance,and absolutely no information whatsoever on the timing or nature of the expected conversion. The sounds of silence is deafening. This is simply frustrating for stock holders,but hopefully the ultimate payoff may well reward us all for our patience. Also,GLTL's.
buy-----On 1) the merger is probably not going to be completed until June..On 3),your guess as to Month and Year is as good as any.
sean--------I would hope whatever date you select will coincide with the completion of the restructuring. Then, I am confident we will have something to celebrate. Now a suggestion. In order to arrive at a date,why not contact management, tell them of our plans, and ask them when they intend to complete the restructuring process so we can make plans. ( I really had to laugh as I typed that ) Just give us the month and year would be sufficient for our purposes. Getting an answer to that question, knowing how guarded they have been, would not be a realistic expectation. On a more serious note, your desire to have both Caff and Jaret at the gathering is right on the mark.
turt----- What I don't understand is why don't we, as IMOS shareholders, get the dividend that IMOS receives from 8150 paid to us as a cash dividend or used to buy back our shares when they trade at a discount to fair value. Why do 8150 shareholders get the benefit of a nice dividend and we don't.?
jam--------I think it would be unfair to stick IMOS with the 2.38 million shares in employee stock options As I understand it,. these options were awarded to 8150 employees. The reason IMOS ( not 8150) awarded these options was because it was the only company that had shares that were publicly traded. Now,IMOS only owns about 58% of 8150 and 8150 is itself a publicly traded company. The fair way to handle these options is for IMOS to be responsible for 58% while 8150 should be responsible for the rest. Having IMOS shareholders saddled with the full responsibility of these options would result in a windfall for the 8150 shareholders. The number of IMOS shares outstanding appears to be a moving target that requires clarification and a degree of certainty.
turt------I believe we need management to give us the timetable for releasing the specifics of the end game(conversion) and when the restructuring will all be completed. That is what we need to put a charge into the stock price. Will they do it real soon.?Very doubtful.
buy-------They should be asked when they intend to announce the specifics of the measures they will take to complete the restructuring they have undertaken and when will the restructuring be completed. As stockholders, I think this information is not too much to ask of management.
ecoli It may be an absence of buyers,rather then an abundance of sellers that is presently causing this stock to "suck"..
marnis-------The lack of transparency is what troubles me and i would assume many other investors. Surely management must know by now what the broad outline of the end game will entail. Why not tell us what they intend or plan to do to complete the restructuring.. Indeed, have they ever even publicly stated that the end game will include the issuance of ADR's? Why has this thing taken so long to complete and why are we being left in the dark only to speculate what is going to happen. Management should be a little more forthcoming in providing important information to its shareholders.Will we get something at the next C.C?. Honestly and unfortunately, I am with marnis on this and kind of doubt it.
jam-------You surely know the IMOS stock price appears to be held hostage pending the release of the specifics on the conversion plan. Unfortunate,but probably true.
buy--- I understand what you are saying. However, we own shares of IMOS,not 8150. And,until the specifics of the conversion formula is revealed,it appears whatever 8150 does has little impact, short term, on the IMOS stock price.
Short of announcing the specifics of the conversion plan,what, in your judgement, can management do to close the gap between 8150 and the price at which IMOS is trading.
buy-------Don't see why it would be a taxable event. You will not be selling your shares,only exchanging them for ADR's.