The new ZFX deferred note OXRN is for ZFX holders to continue to sell their shares. I see nearly 5 million traded today. Basically it is following the same SP as OXR. Since these holders now own 3.19 OXRN for every ZFX share, I think there must be quite a few profit takers today selling off ZFX to take advantage of the SP disaprity (advantage to the ZFX holders) based on ZFX's last price. I haven't done the sums but I'd speculate it is worth it for them. Though the merge( of shares and capitalisation) is not crystalized yet, a dilution of OXR has already begun!
People's thoughts on what will happen when the new OZ is listed?
Cheers DaveJ
(Usually an observer and rarely post)
I own OXR.
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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