Just a theory on today's 4% SP fall.The new ZFX deferred note...

Just a theory on today's 4% SP fall.

The new ZFX deferred note OXRN is for ZFX holders to continue to sell their shares. I see nearly 5 million traded today. Basically it is following the same SP as OXR.
Since these holders now own 3.19 OXRN for every ZFX share, I think there must be quite a few profit takers today selling off ZFX to take advantage of the SP disaprity (advantage to the ZFX holders) based on ZFX's last price.
I haven't done the sums but I'd speculate it is worth it for them. Though the merge( of shares and capitalisation) is not crystalized yet, a dilution of OXR has already begun!

People's thoughts on what will happen when the new OZ is listed?



Cheers
DaveJ

(Usually an observer and rarely post)

I own OXR.