AZZ Opinions, page-41

@Sojourner
I'm not a day trader. The value for me was in the sale and purchase agreement.

However without first ascertaining that there were no conditions precedent (which required the complaint to ASX) it was impossible to ascribe a value to the executed S&P.

So without having my questions answered it would have just been a gamble - not my investment style...

Would I conduct the same due diligence if this situation were to repeat?
ABSOLUTELY, if anything I would push harder for more answers prior to investing.

The question that you should be asking yourself, is if the original announcement was not sufficient to meet ASX's continuous disclosure obligations why was AZZ ever allowed to trade? If it had gone straight into suspension:
1. No-one would have lost money on this
2. Last traded price would still be at 10c
3. Noteholders would have been able to decide whether they wanted to redeem (without reference to what is now an inflated share price).

You can't tell me that the above would not have been better for all concerned.