I doubt agm shareholders understand how hedge funds operate to make money. They believe because the share price is higher than $1 that the company is undervalued, has buying support, has strength and zfx would have to raise their bid.
JBM traded over xstrata's $23 takeover offer for more than 2 months with very little acceptances. Time dragged on and there was no competing bid. Now they have 80% of the company and share price is below $23.
Same thing will happen with AGM. It's over for THR and the rest of his crony's.
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