I sold out 3 weeks ago and now staying with RMS. All this talk about arbitrage was a bit of nonsense but DIO was a little illiquid for me. Sure some people may have got a few bucks but now I am throwing my weight behind the RMS bid mainly because I don't trust the people at AVO.
Any way you look at it the risk to the downside is not as great because if DIO do get a better offer which is unlikely now then RMS will participate and RMS holders will benefit.
RMS are a major SH now so they have a say in the direction of the company. I am hoping that RMS become the majority SH as I would rather them run RMS that AVO. Sorry to see all those who sold out premetuely.
Cheers BW
DIO Price at posting:
91.0¢ Sentiment: Sell Disclosure: Not Held