Grifco Inc (GFCI)

[cyofish]

Grifco didn't have any equity in Global Tools from the what I unnderstood. Grifco borrowed from American Finance to purchase Global. Perhaps when the Lyamec issued a PR stating Grifco "relinquished" its interest in Global it was business speak for repossession, as in Grifco didn't live up to the terms of the financing agreement. In which case Grifco probably received nothing for the transaction.

All the details surrounding Grifco-Lyamec-Global should have been clearly disclosed. The PRs were very vague. Maybe that was the intent, to imply one thing but mean something else.