This is my opinion only. There is a game of bluff going on right now. Draw your own conclusions.
1. There is no other bidder. We would have heard by now if another bidder was in play. There is still time but I think ZFX are the only party interested.
2. ZFX will extend the offer for approximately one month but will NOT increase the price. They will stick with $1.00
3. As the deadline for the extension looms (say one week prior to the 2nd deadline), ZFX will announce that there will be no further increase in offer price and there will be no further extension of the bid.
4. That will be the catalyst for the hedge funds and instos to start exiting and we will see a fall to $1.00 very quickly.
5. That will be the end of the ballgame and the bluff will be over. ZFX will scoop up 90% quicker than Jack Flash as the reality hits investors and traders.
My opinion only.
- Forums
- ASX - By Stock
- AGM
- game of bluff
game of bluff
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online