Don't sell on market,If you do, and the offer is increased you...

Don't sell on market,

If you do, and the offer is increased you will NOT get additional money.

This is from another take over offer in 2015. From the bidders statement.

If you accept the Offer:
+ you will be paid $0.013 cash for each of your Flinders Shares and your payment will be despatched within seven Business Days after the date you acceptance is received;
+ if TIO increases the Offer Price during the Offer Period, you will be entitled to receive the incremental consideration;*

*In accordance with the Coroporations Act, if TIO increases the Offer Price under the offer, all Flinders Shareholders whether or not they have accepted the Offer before that increase in the Offer Price, would be entitled to the benefit of that incresed Offer price. However, if you sell your Flinders Shares on market on the ASX to TIO before any increase in the Offer Price, you will not receive any additional consideration arising from such an increase in the Offer Price.



If not enough people accept the offer the bidder may increase the bid to get this over the line. Selling on market in not smart.

However, the bidder statement leaves out this small but important bit of info?