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Ivan Mutaftchiev  

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  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    It is possible that if PWC signs off on the filings all the shorts will decide that it's game over and rush for the exits at the same time...This may even cause the price to go above the deal price very briefly. Unlikely scenario but it may happen.
    Oct 14, 2014. 11:58 AM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    The IR rep said that they would request a hearing. It looks like they did just that otherwise MONT would be delisted by now.
    Oct 10, 2014. 09:50 AM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    I actually spoke to an IR rep at MONT last week. He said that the Audit Committee report, even when completed, will not be released to investors. So don't expect any "smoking gun" to be released.
    Oct 6, 2014. 09:46 AM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    MONT 's dance with NASDAQ continues for at least another week....Wish I was trading this morning - I would have bought more at $20.40. Back to $20.90 now.
    Oct 2, 2014. 01:08 PM | Likes Like |Link to Comment
  • Why I Just Made Montage Technology Group My Largest Short Position [View article]
    Montage is registered in the Cayman Islands so the Special Meeting of the Shareholders has to happen there. Of course most shareholders can vote remotely via proxy.
    Sep 29, 2014. 05:06 PM | Likes Like |Link to Comment
  • Why I Just Made Montage Technology Group My Largest Short Position [View article]
    For those who have not read it already, I would like to offer my article on MONT as a counterpoint to this article. In my assessment this deal has a 90% chance of closing.

    You can read my arguments and the active discussion that is still going on here :
    http://seekingalpha.co...
    Sep 29, 2014. 05:04 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    User298307, please read the first sentence of the press release Tsinghua Unigroup and RDA filed with the SEC here :

    http://1.usa.gov/YDoeDD

    "Tsinghua Unigroup Ltd. (“Tsinghua Unigroup”), an operating subsidiary of Tsinghua Holdings Co., Ltd. (“Tsinghua Holdings”), a solely State-owned limited liability corporation funded by Tsinghua University in China."
    Sep 29, 2014. 04:59 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    User1314, you said:

    "Section 4.07 clearly creates an obligation to be current on filings AFTER September 2013. They have to comply with that. "

    MONT was NOT current on its SEC filings when the MA was signed on June 11. So according to you, the parties signed the merger agreement knowing that upon signing, the target will immediately be in obvious breach of the agreement ??!?

    It is very easy while using a user name on SA to claim you are an attorney "who has drafted merger agreements." If you are in fact an attorney, please connect with me on LinkedIn. I'd like to consult you on other merger arbitrage situations I'm working on.
    Sep 29, 2014. 03:13 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    Good point, RP. The contents of the Disclosure statement are not known to me. However, MONT had informed the SEC prior to signing the Merger Agreement on June 11 that it is unable to file the annual and the quarterly reports on time. So a disclosure similar to this will suffice to protect the deal :

    "As previously disclosed in our NT 10K filing with the SEC on 3/31/2014 and NT 10Q on 5/16/2014, we have been unable to file our Q1 quarterly statement and 2013 annual statement on time. Due to our investigation into the allegations by Gravity Research, we will likely be unable to submit future reports i.e. Q2, Q3... to SEC on time as well. Further delays in filing the before mentioned reports with the SEC may eventually cause NASDAQ to delist our company."

    As far as any illegal activity by MONT, I think PDSTI by virtue of its location in China, after doing its due diligence is much better versed and knowledgeable on any illegal activities at MONT than you and I can ever be.

    Doesn't it strike anybody as very odd that a government entity (PDSTI) is buying a company which sells illegal chips ? Is it that hard to see that under the umbrella of the government, the chips can easily be re-classified as "legal" ?
    Sep 29, 2014. 11:26 AM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    As I pointed out above in a previous comment Section 4.07 you're referring to begins with :
    "Subject to Section 11.05, EXCEPT as disclosed in the Company SEC Documents filed before the date of this Agreement or as set forth in the corresponding sections of the Company Disclosure Schedule, the Company represents and warrants to Parent that: ...." and then all the representations and warranties follow, but please note the EXCEPT.

    I am a Paralegal/Legal Analyst for a law office in NY. I read contracts and agreements every day. IMHO there is only one way to read this.
    Sep 26, 2014. 06:22 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    "I've been thru all the data, and the truth is there has NEVER been a Chinese domicilied investment fund (state owned, private, or other) that has acquired a publically listed company on any exchange."

    User 298307, just last year Tsinghua Unigroup a government owned PE group from mainland China bought RDA and Spreadtrum (both public companies listed in the US.)

    Just because PDSTI has not completed an overseas acquisition like this so far, doesn't mean they'll fail. It is not a matter of talent but simply money. China just announced another credit expansion http://bloom.bg/1tcQbOg

    Whether this is a wise purchase is a different story.
    Sep 25, 2014. 10:21 AM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    Holbrooke Capital, thank you for privately sharing with me the research and resources you were looking at. Here are the facts for the benefit of everybody else who does not have access to the same information :
    -CEC is considering backing out of the deal
    -There are other potential equity investors who are in talks with PDSTI to take the place of CEC
    -Application has been filed with MOFCOM, but audited reports will need to be filed prior to closing
    -A local auditor co can be retained in China to audit the MONT reports for that specific purpose

    None of the above sounds like the deal is in serious jeopardy. Whether CEC is part of the deal or not, MONT's deal is with PDSTI and there is no financing condition so PDSTI does not have an out just because CEC leaves.

    The reports can be audited by a Chinese auditor. This does not mean that MONT has to file its 10Q and 10K in the US if it has something to hide.

    The way I interpret all of the above, is that we can expect delays but overall the deal is not in jeopardy.
    Sep 24, 2014. 04:01 PM | 1 Like Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    Constala, Section 4.07 you're referring to begins with :
    "Subject to Section 11.05, except as disclosed in the Company SEC Documents filed before the date of this Agreement or as set forth in the corresponding sections of the Company Disclosure Schedule, the Company represents and warrants to Parent that: "

    So in plain English, everything needs to be by the book EXCEPT problems MONT disclosed to the buyer or SEC already. The Company Disclosure Schedule is usually not made public, exactly because the target discloses all the dirt to the buyer but does not want this info to become public.

    We should all be careful, as reading a Merger Agreement can be tricky.
    Sep 23, 2014. 12:44 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    Smilytmm, thank you for your comment. In the future, please try to contribute something new and original to the discussion. You comment is almost identical to that of Ojasvi Rajpal from a few days ago.
    Sep 15, 2014. 03:13 PM | Likes Like |Link to Comment
  • Montage Technology: Another Questionable U.S.-Listed Chinese Company Gets An Authentic Buyout - How To Profit [View article]
    Seraphina, what makes you believe they have not yet filed with MOFCOM ?
    Sep 15, 2014. 11:24 AM | Likes Like |Link to Comment
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