jdg said:"i never mentioned $1.20, just a higher price. i feel...

jdg said:
"i never mentioned $1.20, just a higher price. i feel that is likely because millions of shares have gone through at more than $1 (including those bought by UBS and MQG) and they are not going to want to sell for less than what they paid."

UBS and MQG might not have a choice to sell higher if ZFX remain firm on $1.00. In the absence of no competing bidder, ZFX don't have to do anything. Once they announce there is no further extension, the hedgies and instos will dump quickly. They will not be prepared to see the stock get decimated. To them this is a punt on a higher offer with $1.00 as the maximum downside.