wn dilutes wni holdersby 1.2 billion shares?

First point-----------------
WN Prospectus - Page 10.

The maximum number of Shares on issue at the completion of the Offer will be 3,922,435,485 assuming that there are 3,907,435,485 Shares on issue as at the date of this Prospectus and that no other changes occur.

Second point--------------
On May 13 Wah Nam issues an Appedix 3b, which states is has issued 857,335,050 shares, and misleadingly states that these shares are withing the 3.922 billion shares issued.
So at this point WNI-ASX shoul have stated there were 4,358,877,435 shares on issue....Wah Nam did not do this, and this was prior to its majority stake being announced


Third point-------
On May 17m Wah Nam announces it has issued another 436,441,950 shares, and says that the 857 million shares it issued last week should not have been in addition to the 3.922 billion. A deliberate oversight? In either even the Wah Nam-ASX total issued shares now total 5,216,212,485.

This is in contrast to its prospectus on page 10 that there would be 3,922,435,485 shares on issues, subject to any changes.

My point is: have BRM shareholders who transferred their shares already been diluted by approx 25% by WN's questionable capital management policies. Are they going to keep issuing shares willy nilly to themselves and dilute other holders? It seems to be the strategy.

This is a dodgy as all hell.