The trades we are seeing are likely to be WN buying and selling...

The trades we are seeing are likely to be WN buying and selling between various associates to create a perception of a flight. This is abundantly clear given the volume.

Anyone holding out (retail or instos) know WN is dead set to takeover the company in entirety. It going to be a matter of time (and for the right MONEY).

There is plenty of upside should WN be frustrated if failing to get the necessary number. There is not a lot of risk either as the bid as it stands is a $1.5 bid. Even with compulsory acquisition, they still need to pay you the $1.5 and a roll of toilet paper. (There is no risk in holding on and plenty of upside - in case - and I think almost certain - that WN will fail).

It THEN means one thing AND one thing only.

WN will get the cash from China Inc (using another so called HK tycoon as a facade) to do a all cash buy out.