O/S reduction of 88% last month: WGI Holdings, In
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O/S reduction of 88% last month:
WGI Holdings, Inc. (OTC Pink: WGIH) the board of directors of WGI Holdings have significantly reduced the issued and outstanding shares by getting the majority shareholder to donate back to treasury 20,000,000,000 shares of stock, reducing the outstanding share amount to 2,699,482,350, an over 88% reduction in the outstanding share amount.
The reduction will result in an increase in the value of the remaining shares held by our existing shareholders. On a per share basis the potential value is the three to five cent range in shareholder value, significantly undervaluing the Company's stock at today's prices.
Gregory Ellis, Uranium Hunter's President, said, "We are pleased to have negotiated the reduction in the issued and outstanding shares of the company, given much more value to all the existing shareholders."