BRM 0.00% $2.53 brockman resources limited

something to bring up your lunch , page-17

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    KPB - definitely. They must give warning that the bid will close. Also, they are required to state that the bid will not be increased, if that is the truth (truth in takeovers principle). So you will now when the true end of the bid arrives (ie the end of this particular bid, remembering that this is the 2nd bid and there can be more bids). Further, if they do delist, then your shares are still live and valuable, although they cannot be traded easily. If that happens, then WNI will eventually have to buy you out (ie there is no difference whether listed or not). Until WNI say they will do a compulsory acquisition, then they cannot do it (ie they cannot do it in this bid). So there is a long way to go at the moment.
 
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