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World Kinect Corp V.INT


Primary Symbol: WKC

World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.


NYSE:WKC - Post by User

Bullboard Posts
Post by VoodooQCon Dec 26, 2011 1:34pm
747 Views
Post# 19351883

Angryblue

Angryblue

Here's a key phrase of the Ortsbo spin off transaction update:

=======================

To date, Ortsbo has garnered significant interest by US Banks, Venture and investment firms and has already received interest for a lead order of $20 Million from a US Institution at an anticipated pre-money valuation for Ortsbo Inc. of a minimum $210 Million USD, with further potential interest for additional financing.

===============

The $210M if for the ''pre-money valuation'' what it means that $210M is for the part of Ortsbo that going to be spin off alone... For instance, if INT spin only off 50% of Ortsbo Inc, they're selling this 50% for $210M so the remaining 50% INT is keeping would worth $210M as well, so Ortsbo Inc would have a total value of $420M... I gave the easier example with % but you can play with it at will.

Don't forget us shareholder will receive a max of 20% of this pre-money into Ortsbo shares FROM the % INT remaining shares of Ortsbo... So if INT sells 50% of Ortsbo into the spin off, INT is keeping 50% so 20% of pre-money would mean INT should give this 20% of their 50% ownership shares of Ortsbo then INT would own 40% of entire float of OS Ortsbo shares.

Hopefully pre-money will be over-subscribed and go thru the roof...

GLTA longs


 

 

 

Bullboard Posts

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