"I am just surprised that the weight of selling from 10 baggers...

"I am just surprised that the weight of selling from 10 baggers and o/s holders is greater than the weight of buying from funds wanting the franking credit and those wanting a piece of the company."

I too am surprised that there is not more buying for the reasons you state, but some would have mandates that do not permit buying until the formal declaration is made. For this reason I think that it was wrong to tie the franked dividend to being conditional of the passage of the capital return resolution.