I think it is possible AVL is being squeezed - regardless of any...

I think it is possible AVL is being squeezed - regardless of any logic - because some ‘big ass’ TMT holders are playing a numbers game.
And I think regardless of whether the proposed terms were 14—1 or even 16—1 or more, the same ‘play’ would be going on because those driving the opposition decided long ago to play hardball.

I have no idea what is going on behind the scenes but looking at a few past posts; eg [ this one from Hawk ] way back in early June long before the merger ratio was set there was talk that :
“There are factions forming in the top 20, and have been for some time.
Interesting agendas at play.”

So some here may think they are fighting for ‘justice’ to get better than 42% of the ‘new AVL’ as of ‘proposal day’ 25/09/23 but I think it very possible that their main function here is as ‘number pawns’ to support long term Top 20 factional agendas.