Not looking at the downside on both (let's presume it's at least -50%), but after results on the 13th Jan and/or prior should the jub option be taken what are peoples realistic expectations of sp in both scenarios?
Reading the align proposals they fully intend to take definite action to rake the bod over the coals. I don't see the zen offer doing that.... So it's obvious which way shareholders should vote Imo.
On the contrary I think if people are willing to pay more its obvious they are fishing for shares. Expecting this to bounce around an hour or two then the spread to close
You see arbitrage differences like this quite often on dual listing, but very very rarely to this degree. Often happens if one listing trades with very low volume compared to the other