People who think the Chinese will be paying some crazy pie in the sky price to acquire AVZ should not invest either.
I expect any offer to be in the 15-25 cent range. I nice pickup from where we have been driven down to non the less.
My money is on the recent price collapse being created by AVZs Chinese holders swapping stock on market between their controlled entities all nicely hidden behind nominee’s.
Done correctly, as I’m sure their advisers would know how to do, there would be NO reporting of changes in significant holding required.
I also acknowledge some “interesting” other holders could have just headed to the exit KE included.
AVZ Price at posting:
9.5¢ Sentiment: None Disclosure: Held