It's been awhile since FKWL traded at these levels, I believe the last time it was over 2.10 was December 2013. Hopefully that Smile expansion makes it to FKWL's top and bottom line. It is weird that there was no press release after last Q results. Maybe Kim has a case of laryngitis so bad he could not even bring himself to write his own words down on paper it was so painful.
Having lost a pant load on a couple of Shah's other investments, QXM and XING, I guess I am more cynical towards Chinese ownership than others. This "deal" just appears to be another case of all shareholders NOT being created the same. Good for Shah doesn't mean good for us. Fact is nobody knows what it means for the rest of the shareholders except for the purchaser. In my cynical mind they just acquired all of UTSI's cash at cost and got the rest of the assets for free.