So the offer closes now on the 14th June, unless OZL can pick up over 50.1% at which time the offer is extended by 2 weeks.
As of last week OZL sit at ~44% plus converted options from directors.
They way I see it - they have a week to get over 50.1%. If they can’t people like me may likely hold to watch OZL try and gain control on market and hold out for a better offer in time.
Or, if they get over 50.1% people like me may run for the hills as there are no checks on OZL running the company how they see fit - CR and all the dilution that goes along with it.
Have I got anything fundamentally incorrect? If not that’s what I’m waiting to see I guess. Only a week to wait!
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