Hi Hawk. 1) No guarantee if merger proposal falls over that AVL...

Hi Hawk.

1) No guarantee if merger proposal falls over that AVL will respond with a better offer.

(Your ‘they’ don’t want to bear the risk of potential losses on TMT if this was to happen ?)​

2) AVL has five billion-ish shares to TMT’s quarter of one billion ie far greater liquidity (especially since last week’s transaction update noted that more than 35% of holders have indicated they are sitting tight for now.)
— If a horde of ex-AVL holders (or any random horde) happened by and started making a move on TMT people would notice.

Sadly for us this hasn’t happened, which makes me feel there’s no fair-minded buyer out there about to gallop in on a white horse and trump the current offer.​

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3) Other reasons ?

Cheers