1. Whatever the mix, Wah Nam should be aiming to get us to the $6 level at least, and
2. Wah Nam would need to give iron-clad clauses about share capital. In this context, Wah Nam would be infinitely more attractive if they announced in line with the takeover they would do a 10 for 1 or even 20 for 1 consolidation of their shares. This would get Wah Nam down to approx 400 million shares, and give all shareholders the chance of some decent share price gains.
3. Along with gringo, Wah Nam as a majority shareholder is OK with me, but they should learn some manners & acquiese to the expertise of the BRM board.
BRM Price at posting:
$4.00 Sentiment: Hold Disclosure: Held
