The reason why WNI used the "empty" threat to delist BRM from get go was because they has done their mathematics up front and realized at best they can only amass 80% or so from overseas warehoused shares bought on market and from the dodgy directums.
The threat is empty for the delisting traps us shareholders but WNI will also be cornered in not being able to ever acquire the rest of the company.
WNI is really desperate now. This time I can see another extension comimg.
The stalemate could now last indefintely.
Perhaps the delisting will actually allow WNI an avenue to make a premium offer to militant holders outside of the scope of the $1.5 + dunny roll scheme ??
Has anyone thought of this ?
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