Ann: Increased Scheme Consideration from Pfizer, page-257

@ozgoldtrader

to answer you question :- risk profiles.

buy at 17 - with guarantee of either 14.5 or 20.7

which is daft as a sackful of spanners - risk of downside is several magnitudes less than upside - and then the real upside is potentially far greater.

there are many with an average now of under 20.7 but more than 14.5 - myself included...but with quite decent holdings.

so the mentality is that those that are already above their average but under 20.7 are holding and don't want to average up., which again is as daft as two sackful of spanners....seeing that the main trading is drying up and now a lot of cross trades chi-x going through.

it is quite normal for trading to be at just below the t/o price, but we have two potentials atm......which is most likely ? +++++++