WGI Holdings, Inc. (WGIH)

[mcrouch]

Dude, you are an easy mark!

Let me break it down for you..

"We think the valuation that KBK has put on WGI is fair at $0.0125 per share, better reflects the value that we have been building in WGI."

Yep, that is a well written sentence and sounds great... Problem is it means nothing. No one is providing a guarantee that you are going to be able to sell your shares at that price. When the merger goes into effect your shares will be frozen for some period of time while all of the paperwork is finalized.. During that time frame anything can happen to the share price and you can not do anything about it... Once you are able to trade the share price will be diluted by whatever number of KBKC shares are being distributed to WGIH holders.. I believe the O/S for WGIH is around 2 bill (unless that PR about the 88% reduction was BS, then it's over 20bil) so, assuming it is 2bill... That means an additional 1mil shares of KBKC will be distributed, reducing the value of their stock accordingly. Reducing it from what number is the question.. I can assure you it is not $25. Let me say this again... $25.00 was the LAST TRADED PRICE of KBKC... It has not traded in years, using the last traded price as a baseline is reckless and unrealistic.