I have always speculated that they would keep a reasonable chunk of warehoused shares in reserve for the last leg to create the impression of inevitability. The fact that they have stated this is the final extension in the ASX release may reflect this strategy.
I don't think they will delist, rather I think they are getting pretty close and are confident that even at 88.1%, holders would realize there is just 1 and a bit % left and hope that we will stampede for the exit before the gate shuts given the global situation and especially if they start to manipulate the price down. I don't think they will use this tactic at least until they have 88%+.
I think we are all a bit surprised at the speed at which they got from 61% to close to 67% before the market started going pear shape.
They are taunting us no doubt with the welcome message to becoming WNI share holders.
This is my last post on the BRM thread. Will ponder my options this weekend.
BRM Price at posting:
$2.47 Sentiment: None Disclosure: Held