is the firb our last hope?, page-8

Yes, I understand that any rational person not connected to Wah nam and not receiving any 'incentives' would withdraw their acceptance if the SP was going above the takeover offer. But the SP has already gone above the takeover offer, yet WNI still get more acceptances. How do you explain that? One explanation I can think of those people accepting may be receiving some special incentives. If that's the case it won't matter if the share price is $10 or $20, Wah nam cancer could keep eating away using that strategy to get more acceptances. Don't forget they have a long time to keep extending. The takeover board is supposed to stop that happening, but possibly they are not competent enough to see the connections. They haven't been so far.