Andrewe - great financial advice. In fact its so good, I hear...

Andrewe - great financial advice. In fact its so good, I hear that AGM are hiring somebody just like you.

Why on EARTH would anybody sell to ZFX @ $1 when they can sell on market for 3-5% higher?

You talk of emotional attachment to investments and unfortunately you suffer from it also - ZFX won't win this battle, they may win the war at a later date, but they won't win it now.

ZFX will have to make do with what little shares they can attain for this take over window, which I'm willing to speculate will be less than 0.3%.

They will then get LST's share - for the second time - bringing their stake to 5%.

Now if ZFX are smart they'll walk and THEN mop up the remaining shares they require for the maximum 19.9% allowable.

You of all people should be cheering ZFX to walk - by them walking, they'll be able to buy 20% of AGM for 50% of their takeover offer "premium". This means that ZFX won't have "overpaid" as you insist and allows them an opportunity for further take over opportunities down the road.