"My reading of the situation was the board would probably recommend an accept only if the offer was raised to cash and then maybe only a fair price."
I'm staggered that the Board has communicated nothing to shareholders at such a critical time for the company. We have no idea what they are doing or even if they are talking to the new owners. Very disappointing and doesn't instill confidence at all.
SP looks set hit the $3's today and as long as a vacuum exists it plays right into Wah Nam's hands.
BRM Price at posting:
$4.16 Sentiment: None Disclosure: Held