I think people are taking an each way bet here not willing to be at the AVO bid price and not willing to push it up to the potential of the RMS bid.
Stocksy I have to disagree with you to some degree. If Both bids fail then yes you may be correct AVO will start making noises. But if the RMS offer is successful AVO will have a diluted influence in the new company and is likely to be treated as hostile and suspicious.
Furthermore, AVO based there points all around trying to scare people into selling up there shares. In the end the only people who sold out were the ignorant a lot rather like the AVO board who I thought were quite unscrupulous and arrogant in their pursuit of DIO shares. I do not want to be a part of a company that behaves like that no matter how good they think they are.
Cheers BW
DIO Price at posting:
76.0¢ Sentiment: LT Buy Disclosure: Held