wah nam shenningans, page-41

Yeah I'm staying quite reserved on the matter. I certainly don't trust Wah Nam.

There could well be a flurry of buying just before the closing date. If not...I don't really care.

I wouldn't be surprised if they close the offer then jump up and down crying about their FAILURE and attempt the delisting move. The fact is though, people remaining know the offer stinks and aren't interested in selling.

Just look at the WNI share price...who in their right mind would want shares in that! No chance of selling them and I don't believe their bs about " True value will be unlocked once WNI take over BRM"
What a load of crap! Every month they dilute their own shareholder more and more. Wah Nam are a joke.... always have been imo!

Thanks to the kind staff at Brockman, Ive attached your request Mozart.
Just quickly it looks like Citicorp have unloaded 1Mil since April.
JP Morgan unloaded 2Mil
HSBC unloaded 1.2Mil
HSBC Acc # 3 unloaded about 900K
ABN Amro had over 700K and they aren't in the top 40 anymore.
Freshwater Resources has sold out. They had another 600K.
Another JP Morgan account had over 500K, they are gone.
Forsyth Barr unloaded about 100K.
National Nominees had 400K, they are gone.
Gullable's holding is sorely missed but understandable.


As we have said, its pretty much just the die hards remaining who don't want to settle for worthless WNI toilet paper.
I really can't blame people for selling out on market, specially if they were lucky enough to still be sitting on a profit at $2.50.

I'd have to agree with Woodfella, if WNI thought it was worth $6.47 and the former directors told us to reject that offer.... I would at least like this price.

WNI would still be getting alot of Iron Ore for peanuts at that price but I'd be happy to get as far away fro this stinking mess if they offered me CASH ONLY!