Grifco International Announces Record Date for Spin-Off of Coil Tubing Technology
Thursday March 30, 9:00 am ET
HOUSTON, TX--(MARKET WIRE)--Mar 30, 2006 -- Grifco International, Inc. ("Grifco") (Other OTC:GFCI.PK - News) today announced May 1, 2006, as the record date for the previously announced spin-off wholly owned subsidiary Coil Tubing Technology, Inc. ("CTT"). 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.
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and at the bottom:
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
IMO the outstanding share count, and "implied share structure" were forward looking statements and are not held to the standards that, say, a 10Q would be held to.
That is why IMO Jim Dial will not put it DIRECCTLY INTO WRITING and will not allow the transfer agent to release it.
people, be real here,
why on earth would they release such a nebulous statement and somehow hold that THIS ALONE proves what the company is saying about the SOS?
WHY NOT JUST TELL US THE TRUTH OPENLY AND IN WRITING??
personally I think it was meant to say that they would release shares for CTBG "up to 75 million" shares of grifco outstanding, not CTBG outstanding.
I don't think dialer knows how many are printed, and somehow jarvis got the key to the cert printing room, but that's just MY OPINION
AI
