Why you should not ACCEPT the offer. 1/ premiun of 34% :- out of date. - It has actually gone down now. 2/ more liquid :- how liquid is WNI, and + millions more on market? 3/ simplify structure :- water down our share of BRM's assets, 4/ Value certainty :- certainty we will never get our full value of BRM 5/ Independent experts :- what experts? Do your own calculations. 6/ No superior offer :- WN made sure of that. 7/ Support of independent dir. :- How independent? or what did WN do to them? 8/ Risk if we don't accept. If WN get 80% we risk loosing $$$s + our independents.
As I suspected threat of being locked in. (eg delisting). It only MAY, remember (ONLY MAY) happen if they get their 80% I've found out, not that easy to delist.
BRM Price at posting:
$2.12 Sentiment: Hold Disclosure: Held