Hi Westcott,I take your point, BRM does have 40 million or so...

Hi Westcott,

I take your point, BRM does have 40 million or so shares from the 2008 placement to sophisticated O/S investors.

However the established opinion suggests that acceptances are mainly from WN associates.

If you are reading Bones, can you clarify?

From AFR, post from Schuey last week.
Page 20 - street talk

"Brockman gears up to fight WNH inroads"

says ....

expect to see more developments very soon

the bulk of acceptances so far have been from offshore investors, leading weight to brockman's claims

brockman board meeting held today - will consider whether to simply accept the situation, seek to engage WNH with a view to getting a better deal for other shareholders or make another complaint to the takeovers panel

WNH's strategy is to control BRM and then chase FRS.