Ann: Ceasing to be a substantial holder from WAM, WMI, WAX, page-5

I have always been very optimistic about this stock. However, following really concerns me:

A) API/WES was going to purchase WAM Shares at $3.15 under the process deed. WAM sold these shares on market at value less than what API was offering. This makes me believe WAM believes API has walked away for good.

B) API/WES moving to acquire instantreceipts and then WES boss Rob Scott giving speech about being pessimistic about economy supports argument A further.

C) EC Healthcare has not announced anything on their HK exchange, which I guess they don’t need to until they acquire the company. However, looking at their revenue and financials, EC Heathcare looks like a company that is
slightly bigger (may be 1.7 times) the size of Silk. They don’t seem to be that financially strong to acquire Silk given the incoming economic conditions.

Therefore, as per my OPINION, market is behaving accurately and hence you can’t see many buyers given two interested parties.