Sorry guys, I'm cutting my losses and moving on. They've now got 80% and I don't see any point remaining in BRM. I indicated months ago that I'd get out once they achieved 80% (without my support) and see no reason to change that position. Liquidity will drop and ultimately might be able to get a better return elsewhere. Too bad the 80% didn't happen in July.
To me, WNI have cheated their way to this position, but in the eyes of the regulators they haven't. Seemingly they're too smart. I'm salvaging what I can from this wreck, as I'm still well ahead. Still kicking myself I didn't get out at $6, but I was naive enough to think a better offer would come.
I expect price to drop significantly and remain low until the final breath is drawn. Good luck to all those that battle to the end, but it seems powers greater than me and you are at play here.
BRM Price at posting:
$2.20 Sentiment: ST Buy Disclosure: Held
