We'll be lucky if the offer is not revised to 10 to1 so the chance of any cash offers is zero.
Since the merger was announced it was TMT that has been dragging down the sp of AVL with LT AVL holders moving into the cheaper TMT.
I believe the reason for the current 22c is all the noises from a few disgruntled retail holders in the hope of receiving an increased offer has been putting off buyers. The FUD spread by ex-holders who dumped TMT when merger has first announced in the hope of buying back in cheaper did not help the share price either.
Perhaps if TMT was above 34c and AVL dropped to 2.4c there would be a small chance of a revised offer but as is stands now there is no increased offer or a cash payout. The tantrums of a few retail holders hoping to get their way was counterproductive and only managed to collapse the share price & made sure there won't be any better offers.
As for any ex-holders still hanging around spreading FUD so they can get back in cheaper all I can say is Well Done, you've played TMT holders like a fiddle.
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