ECGI Holdings Inc (ECGI)

[Potse]

SUIP/SGBL shell valuations.....

To the person who sent me a private message regarding the post (below) I made on another board in May 2012.......

SU_IP(.002)...shell, 248K block changes hands......

6.9M shares outstanding
5.5M float
14K market cap

More than 3.5% of the SU_IP shell changed hands in an unusually large block of shares at .002 yesterday.

One of the brothers who owns/controls the SU_IP shell also owns/controls the SG_BL shell ($1.25 x $2, bid/ask). There is currently a huge disparity in valuations between these two shells.

There are differences in insider ownership between the shells, so to accurately compare the valuations of these shells you need to adjust the SU_IP share count up to 28.1M shares. A similiar valuation to SG_BL would place SU_IP's share price at around 15 cents.

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The reason I adjusted SUIP's share structure up to 28M is to get a much more accurate comparison between the two shells. Ideally, when you are looking at shells you would like to compare apples to apples and oranges to oranges.

Regarding how I reached that share number: It is relatively easy......

1) Determine the float percentage on SGBL. Shaojun Sun owns 80.4% of SGBL. So the float percentage of that shell is 19.6% (100-80.4 = 19.6).

2) Divide SUIP's float number (5.5M shares) by 19.6% to give you the number of outstanding shares (5.5/.196 = 28.06).

The SGBL shell is trading at a $4+M valuation. SUIP (adjusted for the differences in insider ownership) currently trades at a valuation under $100K. That is a 40X difference in valuations at current bid prices. Even if you use SUIP's current ask price (.0155), the SGBL shell trades at a valuation more than 9X higher. Even if the bid price on SGBL dropped back down to the .25 area, that shell would still be at a valuation that is almost 2X higher than SUIP at the current ask price.

Regarding possible reverse merger targets and countries of origin: To the best of my knowledge, neither of the shells have any restrictions on the country/industry of any reverse merger that they wish to pursue. Obviously, because of the Sun brothers' connections to China it would probably be more likely than not that they might have more of a focus on opportunities in Asian countries, but it also wouldn't surprise me at all if they entered into some agreement with a US-based or non-Asian based company.