Here is a theory. Maybe Wah nam 'know' they are going to get caught out by ASIC or the takeover panel, but are trying to pull it anyway. There is a window of opportunity amongst all the confusion where they can try to scam enough of the remaining 2600 odd 'legitimate' shareholders into following suit and accepting the offer. If they can fool enough people, then even if the ASIC / TOP rule against them and force them to divest the mysterious fortune '9' shares, they might still end up with over 50%. Just a theory.
BRM Price at posting:
$4.48 Sentiment: Buy Disclosure: Held
