re: Ann: Waiver of 80% minimum acceptance con... Kiwi, you are...

re: Ann: Waiver of 80% minimum acceptance con... Kiwi, you are right. Although they won't achieve anything this time round (i.e. as opposed to before the bid) by playing with the share price. Anyone who is holding will hold on will hold on even stronger now that WNI has it's tail between it's legs and it has NO choice but to complete the takeover.

Since they dropped all conditions, it's a sign that they have given up on the 80% as they must had received zilch acceptances besides those from WNI associates plus the director's shares.

Otherwise, as most here rightly pointed out we should have seen a few more substantial holding notice annnouncements.

I don't rule out they have (via associates) been buying on market and may already be closed to owning 80% but just haven't declared their hands. However, at the end of the day, it's 90% they must have.

Even then I have my doubts as WNI has now extended the bid 3 times. If they have close to 80% they should have used the shock and awe tactics to come out early.

By extending multiple times and now dropping the 80% condition, all they are doing is to embolden us to hold on (not that we need any encouragement).

Anecdotally, I also support that others (besides WNI associates) have been buying to build a blocking stake.

Contrary to the name of a popular 1970s song, I HATE chinese !