Superficial and anecdotal evidence still suggests that WNI +...

Superficial and anecdotal evidence still suggests that WNI + associates is still way short of 80% (I actually believe that but I also have a theory). I now think there is a small probability that all this is not what it seems and it be a game of deception.

It may also be in the process of getting some serious cash to mop up perhaps as few as 10% or less of remaining shares until they hit the 90% compulsory T.O threshold. My theory is the longer we stick around, the few shares they need to get and the higher the liklihood of a decent all cash payout.

Firstly, it appears that WNI has made the bid unconditional "seemingly" whether they are successful in getting to 80% or not.

I also think they already have 80% (more or less) but the WNI associates have deliberately NOT accepted (hence no need to update the ASX). This create a flase sense they are nowhere near 90% (which is the objective - NOT 80%).

Looks like they will use the coming months (hoping for some serious market volatility) to shake the tree until one day they may get to 90%. I also believe this will fail miserably again for the simple reason that the toilet paper scrip bid is a dud bid, the valuation is a con job and if we all (together with the ex BRM board) rejected the last bid, why settle for an even more insulting offer.

DON'T SCREWING US HARD WORKING AUSSIES - Ni Ban Zhong Guo Gou !