either way it is win win for agm, page-18

all that you have mentioned is true but zfx couldnt have known what was about to befall the market.
now that it has AGM can either recognize how far the market has fallen and that this is a higher bid already or zfx can walk away when the bid is unsuccessful.
At least if they buy on market after the bid is closed they can honestly say that they offered $1 with integrity and people didnt accept.so they wont feel bad buying at 60 or 70c.
Then AGM holders have to wait patiently for a 50% increase to get to $1 again.
I am sure there will be plenty of companies going up 50% in the coming year.

cheers