9oey8ors, I'm not sure what protections are in place to avoid this happening, but assuming there are none, BRM would need to issue about 255 million shares (assuming that the final 40million (28%) shares will need to be dynamited out of our bunkers).
For example, 400 million shares x 90% is 360 million plus the 40 million diehard holdings gives 400 million. At the moment there are about 145 million shares on offer.
So, going to market issuing such a large number of shares (lots of dilution) and then expecting these investors to accept WNI shares in return would only be appealing to Chinese interests. Not sure if this would start the bells ringing with our regulators.
BRM Price at posting:
$4.22 Sentiment: None Disclosure: Held
