Read the latest WNI announcement.Now they are actually paying...

Read the latest WNI announcement.

Now they are actually paying their creditors with pulp!

How much longer before the creditors wind this Sham up and liquidate BRM?

"CIP is the Company?s financial and corporate adviser in Australia advising the Company on inter alia its dual listing on ASX and the BRM Offer. On 6 July 2011, after trading hours, the Company agreed with CIP to satisfy the payment of part of the advisory fees payable to CIP for services provided by way of issuing 3,863,078 New Shares to CIP at the Issue Price of AUD0.20 (equivalent to approximately HK$1.66 per Share)."

..."The Company considers that the New Issue provides a reasonable means to pay part of the advisory fees due to CIP and thus reduce the Group?s cash outflow. There will be no proceeds raised from the New Issue."