Hi Gramps,We should not just accept this simple answer as it says very little to us . If they reduce the paid -up capital by $20 million,then the par value of all the issued shares by KWG will be reduced by this amount ,IMO, and while the current market value of our shares may not be affected immediately,we need to see what might happen in the future,particularly with any possible B/O. Doing what they plan does have implications,but we do not know what they are or might be.

I suspect that the $20 million will form the basis of the capital for the Debutts entity,which would give each share to be created a certain par value. This we have not been told,nor any other details ,such as effective date,shares ,etc.

IMO,what they are planning may effectively reduce the book value of KWG by $20 million.

We need more information,IMO,before jumping in and voting yes on this resolution. As shareholders,we deserve to be told the entire story of their plans. You just do not reduce the paid-up capital by $20 million and call it "just an accounting entry".