Grifco Inc (GFCI)

[10 bagger]

If this is what you are hanging the shares outstanding on it doesn't fly..

I once was with a public company that paid a dividend that went to all shareholders except those that held more than 2.5% of the shares outstanding... It was perfectally legal and has been done more than once..hank

From the PR:

"Grifco shareholders will receive 1.89 shares of CTT for every one share held in Grifco as of the record date, up to 75 million shares. Upon completion of the spin-off dividend, CTT will have approximately 85 million shares issued and outstanding."
________________

Since every share of Grifco gets 1.89 shares of CTBG in the 75 million share CTT distribution, 75 million CTBG ÷ 1.89 CTBG/GFCI = 39.86 million shares of GFCI outstanding.

CTBG ~ 85 million OS
GFCI ~ 40 million OS

True, we can't know whether any shares have been issued since the PR and the average daily volume has increased. Even if the CTBG distribution hasn't happened, the numbers were published. There has been no update to this material information.