Grifco Inc (GFCI)

[best2listen]

Dr. Bill, 1 for 20 R.S. would be about right

TTII last traded at $1.25 so Grifco is trading at a discount on a share for share basis. Grifco shares will convert based on Jim Dial's "fairness valuation formula" - if we're doing Litfiber all over again that could be 20 Grifco to 1 new company.

""...Each share of GRIFCO Common Stock ... shall be converted into the requisite amount of shares of the TTI merger-Sub's Common Stock (which is the Surviving Corporation) based upon a "fairness valuation formula" (the "FVF") to be determined by the shareholders of GRIFCO for the GRIFCO businesses on an "all or none basis""
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"Requisite amount" is an interesting phrase. I think that "Shareholders of Grifco" is the same as Majority Shareholders of Grifco International, Inc., a Jim Dial corporation.

ps BBB won't post here the bears give him a hard time IMO.

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