In simple terms (without the meaningless opinions of HC), ZFX can't afford to extend the offer and risk potentially harmful exposure to another bidder coming on board.
ZFX have been playing scare tactics and imo will up the bid to $1.29 min, as this means that AGM will have to accept because it is in the range which they have given their support to.
All ZFX holders know of the positives to aquiring AGM and the boost it shall give to the ZFX sp....so is there a real difference between $1 and $1.29 ???
So what is another $300 mil in addition to $700 mil when you have $2,200 mil in total......not much really!!!
It would surprise me if ZFX do not up the bid, because it would make them look ridiculous!!!
It's not like they haven't got the money!!!
ZFX better pray that $1.29 is enough.....I have a feeling that we will have a bidding war and the all these pathetic discussions about AGM for $1 will be laughable!!!
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