Grifco Inc (GFCI)

[best2listen]

Bill, GFCI will be 6-8¢ ex-dividend IMO

What price would you expect after CTBG is spun off? B2B was responding to RB23481:
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Cyo, I can't wait for the 6¢ - 8¢ range!

I believe that Grifco will trade there after the CTBG dividend. The reason that we close at ~15¢ now is that the market is trading Grifco with the CTT dividend on IMO. Sure, it's an old argument and the last PR says:

"Upon approval from the Securities and Exchange Commission, Grifco will distribute its shares of CTT to shareholders of record on May 1, 2006. All assets associated with CTT will follow into its new entity."

Well folks, the market has rules and I believe the 1.89 shares of CTBG are still included in the GFCI price. Grifco has yet to announce the distribution date, ex date, or make the CTBG share dividend effective.

JMHO
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