Grifco Inc (GFCI)

[cyofish]

Aug 11 PR translation.

For a company that likes to utter the word "transparency", I don't know why they can't just write a PR that an average investor can understand.

"Tax free exchange" = acquisition using stock only. Calling it "tax free" is a misnomer, it is actually a tax deferre transaction. Taxes won't be realized until the shares acquired in the exchange are sold. This is basically a stock swap. Not sure on who's getting what but it sure sounds like there will be a heck of lot more shares than 39 million.


"We also capitalized a new affiliated company to help us in the merger and financing of targeted oil and gas leases.... Trnaslation: Capitalize = Expenses, Grifco is funding an "affiliated company" to acquire gas and oil leases. Who is the affiliated company? Although possible, don't assume he means the company Grifco is trying to merge with. This explains the 200 million additional authorize shares.