If you look at the VMAP since ZFX locked in the offer it has...

If you look at the VMAP since ZFX locked in the offer it has consistently been above the 1.10 for at least half of the time. There is obviously some loophole that allows the shares to be bought by a third party and sold back on market, ZFX would not be stupid enough to break any ASIC takeover rules. As I said before in the overall scheme of things it has not made a lot of difference but it would be nice to know anyway.