Ann: Directors' Statement re Takeover, page-5

I hope that is indicative of other TRS stores!!!!

here is a link to an interesting story:
http://www.switzer.com.au/the-experts/michael-mccarthy/lose-little-win-big/

which states:
TRS shares are trading around $2.75. The backstop of the takeover bid means investors buying at this price have a limited loss potential of 5 cents per share, at least until 7 January. They can simply turnaround and sell into the on-market bid at $2.70. However, if another bidder emerges, or the shares simply recover some ground lost over the last nine months, a TRS shareholder may see significant further gains. This limited loss, higher potential profit structure is a neat example of the one-sided risk that can deliver portfolio outperformance over the long term.

(Note: The date of 7 January is now 22 January).

So that begs a question: why aren't more investors buying with such limited down side risk?