Grifco Inc (GFCI)

[cyofish]

Wizard, you are making contradicting statements. If CTT is a wholly owned company of Grifco why is CTT trading publicly under a seperate symbol?

Also, you don't remove the minority interest in a consolidated statement you remove the Investment Account (in the Asset Section) but the Minority Interest shows up as a contra account in the Equity section of the consolidated statement. It is true that Consolidated Statement will reflect the assets and liabilities of both companies (which is what I said) but it is only done for reporting purposes. However, for practical purpose Grifco does not own the assets of CTT as Grifco and Coil Tubing are two distinct companies.