Yesterday was interesting. After the extension, did shareholders capitulate into the 17 cent bid, on the basis of 'it's going to take forever to get my cash out', or was it a fear that the bid might fail. Were they 'influenced' by the OZL share price drop to $10 or so
Take a look - the 17c bid line has been restacked to over 20m again this morning.
Just be aware, there is a lot of 'influencing' playing on peoples minds right now.
As our AVB champion has alluded to, if one or both of the G's decide to tip the scales over 50.1%, then all these shares being soaked up at half a pip or more below the 'virtual' offer price will also be tipped in to the offer and all of a sudden, the % rises to 65/70%
Still, the best option is to wait until near the closing date, and see what transpires, then make up your mind to either hold, accept, or sell on-market.
Nothing has changed in all the time we have been postulating and ruminating over this.
Our arguments are still valid; the BoD have sold us down the river for their own pleasures, the offer undervalues the Company, and OZL are stealing a march on any other potential bidder, with their carefully structured Bid (with all it's alleged manipulations from various parties)
The minute clock is closer to midnight, but you don't need to act until you hear the bells toll....