I think ZFX made a big mistake putting the 380M on the bid at...

I think ZFX made a big mistake putting the 380M on the bid at $1.00.
Without it, the market would have panicked and sold down.
Unfortunately, poorly handled by ZFX. Why on earth you put in a bid of that magnitude in the market when the offer was about to expire? All it did was create a comfort factor for AGM holders. I sometimes wonder about the intelligence of some of our esteemed business leaders.
In the meantime, nothing will change in 3 weeks. even if ZFX stupidly offered $1.10, the market will just bid $1.15 so there will be a stalemate.
ZFX have to drop the bid and walk and hope no-one else steps up to the plate. If no other bidder appears, ZFX will have their chance at a lower price.
ZFX have shown poor business acumen so it seems a nice marriage between ZFX and AGM is possible. Maybe they could all meet at the local town hall up in Burnie and have chat about things? LOL