Looks as though not one additional shareholder has accepted the Wah Nam offer.
Have Wah Nam come to the conclusion that there not going to get anyone further to accept under the current deal?
Are they going to buy more on market with another sweep up to the $6 to $6.25 rang hoping to flush out people who would be releived to see it at these prices again?
Or are they negotiating with the board to get a board acceptable cash price for sharteholders?
Could the board negotiate a cash bid of something like $8 for the rest of the shares? It would have to a bit above the $6 range that they have already paid.
If this is a possibilty the shares are a great bargain at current prices!
BRM Price at posting:
$4.35 Sentiment: Buy Disclosure: Held