Got a question: WGIH is paying dividends to us stock holders. They are giving us 2 stocks for every 1 that we hold. So say you buy 1 million shares at .0002 ($200), and waited till they give you the dividend, you would then have 3 million shares, even if the stock price dropped to .0001 you could still sell your 3 million shares for $300? Isn't this almost a 50% guarantee?
Here's the news release:
WGI Holdings, Inc. (OTC Pink: WGIH) -- The Board of Directors of WGI Holdings are pleased to announce that they have declared a dividend of the shares to all the shareholders of record of WGI Holdings on March 15th, 2013 ("Record Date").
The dividend will be equal to 200.0% of the share price at the market close on the Record Date. The dividend is payable in common stock. Each stockholder's dividend will be calculated based on the number of shares owned on the Record Date by the stockholder. The new shares will be issued following the Record Date. The number of shares will equal two (2) shares for each one (1) share owned by the stockholder on the Record Date, rounded upwards to the next whole share.
The class of shares receiving the dividend is the common shares.
The record date of the dividend is March 15th, 2013.
