Folks,

It seems that there are two constraints in this NR, as indicated below

- 33.5 M shares which is equivalent to $2.1M (33.5M x 0.06 = 2.1). KWG should have enough more to spend $2.1M ; and

- $162,000 which is equivalent to 2.7 M shares (162,000/0.06 = 2.7M, assuming SP of $0.06). 2.7M shares are just too small a number to issue an NR for. Some of us here would have a holding larger than that. So I would tend to put more emphasis to the first constraint of 33.5 M shares (which is about 5% of the OS).

A poster has speculate a typo ($1.6M rather than $160,000). $1.6 M is more reasonable since it's in the same order of magnitude as $2.1M for 33.5 M @ $0.06. Note: 33.5M @ $0.05/s = $1.67M which is close enough to $1.6M. This practically put a floor on the SP @ $0.05/s. On the rosy side, a buyback like this could also mean that the OS could be reduced by 5%, hence an appreciation of the SP by 5%, by simple math.

Kindly check my math.

PS: I have sent a message to KWG Bruce for a clarification.

Cheers,

goldhunter