Grifco Inc (GFCI)

[best2listen]

"up to" - If it's less than 75 million

shares of CTBG distributed at 1.89 shares CTBG/GFCI then Grifco has fewer than 39.89 million shares outstanding. The Ratio is fixed in the PR so the math dictates a lower share count if it takes fewer than 75 million CTBG shares to make it work.

Figure it out for yourself.

Of course, an "update" PR from the company could change the ratio and shares at any time. Nothing has happened 3 months after the "record date" so I can't defend management.

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