That is what the board of Avanco and OZL want you to believe. It is part of their script, repeat, repeat, repeat. Convince everyone that they are going to get 85% and they will be locked in. Bring in the fear factor. So two points; Firstly, where's the guarantee they are going to get 85% and secondly, why is it a bad thing to be 'locked' in to the upside on the Avanco assets at approximately 5 times the profit for an Avanco holder compared to the upside if you roll your whole Avanco investment into OZL? (not just half).
It will be interesting to watch OZL substantial holder notices over the next 4 weeks.
AVB Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
