I guess the moment of truth will come soon. Crucially how many warehoused shares are there left ??
They may be way short of 90% (say still stuck at around 87%) or they could already be quite near (say 88% +) with some warehoused shares tossed in upon the next substantial share holder ASX update.
If the next ASX release says 88.5%, then they will pull down the sp swiftly and hope that sellers will panic sell piling on one another.
In other words, the end game is not when they hit 90% but when they reach 88.5% or thereabouts.
BRM Price at posting:
$2.45 Sentiment: None Disclosure: Held
