Grifco Inc (GFCI)

[Dr Bill]

10bag

I thought it was a dollar a share! oh well, 60 million private sale of one division of a 8 million company would definitely be a better business decision for them at this point. That would make TOTAL sense. Maybe that's why they haven't filed or alerted anyone in the broker/TA business about the spinout/dividend shares, they've cancelled the whole thing. I would be much happier about that, myself. Sell it, give out a one time dividend of $2 per share and keep 20Million in the coffers. That also keeps grifco's share price about the dollar level assuming they do have other business. 80 cents a share roughly in cash and ongoing business of what? 800,000 per year is what it looks like from the stock price!


Great thinking!