Grifco Inc (GFCI)

[cyofish]

Fairness hearing allows the court to listen to the parties affected e.g. SH, Grifco, DTC, CTBG so they can get a better understanding of the issue and decide on a proper resolution. The filing outlines the possible remedy such as CTBG issuing additional shares to satisfy the distribution to those SH who still have not received their proportionate share. I doubt if they're going to adjust the distribution back to 1.89/1. I think they just want to make sure everyone receives the 1.29/1 shares as some had not received a single share.

It would probably be helpful if those who were adversely affected with huge losses to testify. The court needs to know that the problem is beyond a few people not getting distribution. Some people were literally wiped and suffer dire consequences of the botched distribution. I can't say they will do anything about it since this issue wasn't in the original complaint but it will certainly influence the final settlement. It may also lead to a cause for a SH lawsuit against Grifco and DTC.

It also sounds like CTBG will remain a pinksheet instead of moving up to a higher exchange as planned.