Getting all three would be a Chinese fantasy, but I doubt their tactics of duping Directors into letting them in the front door are going to gain traction again.
If they do have the cash it is well hidden. They might have some interesting backers, but if they did have the money they could have bought BRM 100% and wrapped it all up nearly 9 months ago.. probably for about $6.50/share.
Similarly FRS could have been taken out too.
Who knows, perhaps Flannagan is working for Wah Nam and the consolidation is all part of some "master plan"... somehow I doubt it.
flannagan rules out a tilt at brm, page-12
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