Hi (Mozart56)
Wayne still has to pay back the loan to BRM for the shares.
Perhaps Wayne sold his shares to Wah Nam on market,but through a broker so they could be sure of Wah Nam getting them and being sure of reaching over 15%.
There were a lot of bot trades in the 20's to-day
Could be they thought it would take too long to get them through normal trading.
Only two more trading day's before the Tribunal reconvenes,including that day only 4 or 5 days of the tribunal before it concludes with a decision to follow in due coarse.Four days of trading takes it to Friday of next week.
We could see Wah Nam trying to get to just below 20% with the help of brokers keeping the price down to allow Wah Nam get the shares needed before the Tribunal decision.
Once the decision is out and hopefully in our favour,BRM will fly.
Wah Nam would not be wanting to buy shares at $4 to $5 per share.
Regards
Westcott.
- Forums
- ASX - By Stock
- BRM
- wr pockets a lazy $1m
wr pockets a lazy $1m, page-19
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)