That must be very unsettling for those 'associates' who paid up to $6.00 for each BRM share, then took up the offer of 30 Wah Nam shares for a return of $3.71 currently, as MiningGuru has posted.
That's like selling a $20 note for just under $12.40 then trying to convince yourself you've done well.
Wah Nam directors must be feeling the heat from some of their investors right about now. I'd like to think that the spike down to $3.08 for BRM two days ago was not Wah Nam manipulating the share price, but an attempt by another party to cause Wah Nam to breach its debt covenant with whoever is backing it financially. Now wouldn't that be nice!
BRM Price at posting:
$3.57 Sentiment: Hold Disclosure: Held
