more wni tricks, page-9

I am pretty admamant that WNI will NOT delist BRM and continue buying on market until they get the 90%. I suspect they will re-extend the offer come the deadline.

The more shares they accumulate, the more thay can afford to up the sp for the remaining outstanding shares.

By buying on market, they can save a bundle and render unnecessary any changes to the bid (which would be awkward as that would raise more questions about the BS valuation).