Where does the PR state that only shares in the float are involved in transferring shares in BVIG from KATX to the shareholders of KATX? It is irrelevant if the shares are owned by members of the board or not is it not? They are entitled to the same shares in BVIG.
If Ken holds 81 million shares that is far from the same as if KATX holds those shares.
If we get those shares in BVIG that KATX holds of course KATX will own those shares no longer. You cannot have your cake and eat it! ' The value of KATX will of course be reduced once it no longer owns BVIG. On paper such a transaction is neutral to the shareholders of KATX in that the value of the shares in BVIG will balance the reduction in the value of KATX shares. In practice this will not be so because the value of the shares in BVIG will be reduced when they are transferred because they are restricted.
DO YOU GET ANY RICHER IF YOU TAKE MONEY FROM ONE POCKET AND PUT IN IT ANOTHER POCKET? It is free money but you lose as much as you gain.
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