Grifco Inc (GFCI)

[cyofish]

Justrex, you have a lot of misunderstanding about this whole fiasco.

CTBG was a pre-existing publicly traded company. The symbol and the stock existed before GFCI distributed its ownership of shares to GFCI shareholders. Grifco owned 75% of CTBG which made them a parent company. As you recall Grifco bought a dirty shell from IMPC holdings which later changed its symbol to CTBG. All Grifco did was distribute it's ownership shares to Grifco shareholders...therefore, it's consider a dividend and has NOTHING to do with spinning off a new entity.

CTBG as a separate entity attempted to created a new entity to consolidate itself into in order to issue a clean audited financials. SEC did not approve their attempt to do so.

Once again, all this has nothing to do with the stock distribution. SEC is not the referee in how a company handles its distribution. Your just barking up the wrong tree.