Adam, I believe that BRM management have indicated somewhere that they hold close to 20%. If they hang tight, WNI aren't going to get it. The remaining stockholders will also hang tight if they have confidence the current BRM management will continue to hold.
I won't be surprised if WNI push the SP to about $6.25 to encourage existing holders to sell. I'm sure quite a few will go with that, which will then leave the real diehards, which hopefully will still hold over 10%.
The only problem with holding will be WNI forcing a capital raising thus diluting us to less than 10% and then offering another crap scrip deal.
BRM Price at posting:
$4.48 Sentiment: None Disclosure: Held
