If my reading of the rules is correct, if holders of 10% or more of the remaining shares object (dissent), then the offer must be approved by the court and the legal costs of the objectors must be paid by the company.
So, assuming that WNI manage to get another low-ball valuation, we need holders of around 1.2 million shares to object. This is not many but I would think that the objectors would need to work together, find a lawyer experienced in this area and organize their own expert valuation.
Thoughts?
BRM Price at posting:
$2.47 Sentiment: Hold Disclosure: Held