Mozart, I would imagine in similar situations a reevaluation would be made... that is if directors WERE independent and had ALL shareholders interests at heart (duty of care is the issue here).
In any case think this is the best angle of attack for any future legal action.
I actually think Wah Nam could be getting into a situation of if they close the offer and wait the required timeframe before they are able to make a fresh offer then the horse would have bolted and they dig them selves in deeper. Instead they are playing the same game of Fear Uncertainty and Doubt (FUD) hoping to get to 90% asap... with holders being well difficult.
BRM Price at posting:
$2.40 Sentiment: None Disclosure: Held