AGM
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0.00% $1.60 australian governance & ethical index fund

Am I crazy?I don't understand why shareholders are selling on...

  1. Surandy70
    10,992 Posts.
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    02/05/08
    18:38
    Post #: 3660686
    Am I crazy?

    I don't understand why shareholders are selling on market for $1.10 given they can just accept the ZFX offer and get the same price but save on brokerage.

    Is there a logical reason anyone can think of?

    The main illogical reason that I could come up with was perhaps shareholders are making a stand by selling on market rather than sell to ZFX. Which of course is illogical if they are selling at $1.10 as at that price the buyer is 100% certain to be ZFX as they have a standing buy order for the remainder of the shares.
    AGM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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