wah nam confident shareholders will sell, page-4

I didnt dry reach but I did laugh at a number of comments!

1) " while he wouldn’t pre-empt the results of an independent review of the offer, that discrepancy in valuations may still be an issue for Wah Nam." - Ok so he's admitting that they are trying to shaft us imo.

2) " if it’s successful we think that Brockman shareholders will get out of it that they can crystallise some of the value in their investment now by taking cash" - Ummm I've paid on average $3.00 per share from Brockman, why would I want to cystallise a loss??

3) "Mr Beckwith said the full takeover of Brockman should also deliver Wah Nam shareholders some capital return from their shares, as the market will value the asset rather than their holding in the Australian company. - Well won't Wah Nam just fire up the printing press and further dilute its holders? Is the current WNI share price just a reflection of the 55% of BRM that they currently hold...oh plus the limo business and the lousy mine in China?

4) "Wah Nam’s ability to quickly raise the additional capital to fund the cash component of the deal as a factor in a potential revaluation" - By this I assume he means print more shares?

5) " Mr Beckwith said the quick fire capital raising points to the company’s "acknowledged expertise" in international capital markets." - No comment here I'm still doubled over with laughter to comment on this one!

6) ""It’s had to raise effectively $104 million for the cash portion of this bid, and there’s not a lot of limousine companies that can do that" - He failed to mention where the rest of the money was coming from! ( Which we all know ) Very dodgy!

What an absolute joke.

Someone send Mr Beckwith an email and point him in the direction of HC.