Grifco Inc (GFCI)

[cyofish]

First of all there is no such thing as "fairness valuation formula" or FVF. Can't find it in any Accounting or Finance literature, even dusted off my old Advanced Accounting Text (which is 80% M & A/Busness Combination Accounting), and found no such "formula".

Second what is the consideration that TTII is providing to get a 1:1 transfer? From what I gather from the revised 14A TTII is providing Administrative service on a (internal) billable basis. Therfore I don't see that they're bring much of value to the table because they don't provide any value to the relationship i.e., Grifco can contract for the same services externally.