Grifco Inc (GFCI)

[Been_Burned_Before]

Dr Bill: Here's why . . .

Quote from the PR:

"The Company [Grifco] also announces today its intention to spin-off the operations of CTT from Grifco as a special dividend distribution to its shareholders." (brackets added for clarification)

From the American Heritage Dictionary:

Dividend: "A share of a company's net profits distributed by the company to a class of its stockholders. The dividend is paid in a fixed amount for each share of stock held. Although most companies make quarterly payments in cash (checks), dividends also may be in the form of property, scrip, or stock."

I guess we're getting our GFCI "DIVIDEND" in stock of another company! Need I say more??

Been_Burned_Before