question for wah nam, page-4

I think you are missing the point. It's not about being fair.

These people are shrewed and ruthless business people. In the world market just as in nature you need to be ruthless to survive. The best time to strike is when your enemy is at his weakest. The markets are low, the GFC is looking like having a second run, it is the perfect storm. Time to make a a strategic low offer and take as many as you can.

They (WNI) have control, the directors have sold out because their hands are tied. Basically WNI have said to the directors that if they don't sell then they will delay production and development until they do sell. The directors will still make a profit, especially on the options and so have reluctantly (perhaps immorally) sacrificed the ordinary shareholder.

Some holder's will now just wash there hands and sell out....some of us will hold out, but eventually we will loose our stock, voluntarily or by forced acquisition.

Best you can hope for is a better price than currently. A month ago we would have laughed at an offer of $3.50. In 6 months time that will start to look pretty good.

It's manipulation, it sucks, but that's business for you.

Good luck... I continue to hold for a better offer.