CTBG is a much better play!
AFter ruminating on this for a day or so, I think that the intelligent "investor" (loosely applies to a pink sheet owning person) will be buying CTBG instead of or in addition to, GFCI.
Reasons for this include but not limited to:
CTBG is supposedly due to report this week. Now, if they are anywhere close to breakeven, just the fact that a pink sheet company reports is a HUGE attention getter. CTBG stock goes up for that reason. The numbers reported will be based on 87 MM shares or so, but the scarcity of shares applies to the 10-12 MM that are currently free trading. The shares being given to Grifco shareholders are tied up for at least 90 days, in restriction. You want shares of CTBG you're going to be buying one of the 10-12 million and leave the 85 MM out of it. Shares of CTBG go up.
Lastly, if you want to hold grifco stock but don't want that dividend due in the event of a sell, you're better off buying CTBG shares now to hedge against that LONG LONG LONG shot that CTBG continues reporting and starts showing growth. And if you're a holder of GFCI on the record date, and decide to sell, you almost HAVE TO BUY CTBG to have in your account in case something wild happens and they make something of themselves in the meantime......
In fact, if grifco tanks, and CTBG starts going through the roof, owning Grifco is like being chained to a sinking ship. You cannot sell it or take the risk of owing someone 1.89 shares of CTBG.
IF you don't think that could happen, then look at how they are priced right now. Dead even instead of a multiple.......
CTBG is the much better stock to be holding as this event happens or not.
thoughts?
