Its not clear what interest Foxconn, MIG 20% owner and the largest manufacturer of smart phones in the world, will have in migme post-merger with SPCL. Some say that if Foxconn had ongoing interest in migme then they would have ensured ASX-listed MIG had the funds they needed to carry on. The fact that they didn't, some say, means Foxconn has lost interest in migme.
I am not convinced by that argument.
The test will be in whether Foxconn is accommodated with the issue of ESOP options as an "adviser associated with the transaction".
Foxconn's strength for a social media business is its ability to pre-load apps ex-factory onto millions of handsets every month. I believe they were doing that for MIG for those handsets destined for Indonesia thus enabling migme to build their user base there quite rapidly. Here is some 2014 press from the Australian Financial Review, when migme first listed on the ASX and Foxconn took a significant position, that references Foxconn's handset production.
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