valuation discussion thread, page-135

unfortunately buddy you are not represntative of all of the AGM holders which is why 8 million shares are traded each day. they are shareholders who think $1.05 is about what its worth. Buyers are merely speculating on a higher offer which they will take if it comes.
you dont buy millions of AGM shares at $1 plus purely to become a long term holder.

Can you answer this buddy?
If you were a speculator/trader and you bought after the TO was announced based on the belief that another offer would come at $1.20 or so....what would you do when the offer appears that it is about to lapse?

Assuming that it doesnt lapse and zfx offer a further 20c...what then? Will they accept the offer or run the risk of the bid failing? bearing in mind the reason they got in was for the arbitrage play.


cheers and lokk forward to your reply.
andrewe