BWI Holdings Inc. would like to update its shareholders in response to numerous calls to the company inquiring about the purchase of the OTCBB company, Shares issuance, Record Date, Ex Dividend Date, and current status of BDGW.
BDGW.PK sold all of its Assets, Name, Business and Operations to Gray Creek Mining (OTCBB: GYCK) as of Nov 10, 2008 for 5,496,054 restricted shares of GYCK. GYCK then changed its Name and symbol on Nov 26th, 2008 to BWI Holdings Inc. (OTCBB: BWIH) and continues to operate as Budget Waste Inc.
As previously announced, the Record date established for the distribution of Grey Creek/BWI Holdings shares was Nov 14, 2008. Every shareholder of record as of that date will be entitled to receive one (1) share of Gray Creek/BWI Holdings for each twenty (20) shares of BDGW. All newly issued Gray Creek/BWI Holdings shares are RESTRICTED and may be re-sold by the holders only pursuant to Rule 144.
Since the Ex-dividend date for distribution by BDGW of the Gray Creek/BWI Holdings shares has not yet been confirmed with NASDAQ, there is not yet a firm date by which these shares will be distributed to the BDGW shareholders. A list of the BDGW shareholders has been forward to the transfer agent for Grey Creek/BWI Holdings, which is in the process of issuing the shares. The Transfer Agent needs additional information about individual shareholders (Social Security Numbers/ID numbers), which we are in the process of obtaining. The moment all information has been provided to the Transfer Agent, all of the shares should be issued and forwarded to the BDGW transfer agent for distribution to the BDGW shareholders.
As previously announced, BDGW is currently in the process identifying a new merger candidate or new company to acquire by reverse acquisition in order to continue business as an operating entity. At this time, BDGW has no assets other than the Gray Creek/BDGW shares that it will be distributing shortly to its shareholders. Anyone may purchase or dispose of BDGW shares at its own discretion and risk.
When BDGW’s board of directors has determined the best successor business, a public announcement will be made.
