Han
You're clearly confused.
There are two issues here grifco, and coil tubing
grifco GFCI supposedly has 37 MM SOS but according to many here and the CEO during the summer ~ 90+% of those are locked up as restricted shars, so the float has been quoted to MANY shareholders and repeated many times as being 4 million or so. That kinda changes the spin on your trading volume for GFCI and how many times the supposed float changed hands during that time.
As for Coil Tubing, there are currently about 10MM shares outstanding with (according to JD) a lot of those restricted. I didn't get any numbers for that, but that's not the real point. My point is that if you take the SOS by the share price, you get a market value of what 8 Million dollars? (these are all very rough figures) SO now you take a market cap of 8 Million, then you can now divide that 8 MM by 85 million shares, to about 10 cents a share.
Current CTBG shareholders get really screwed because not only do they see their sharse get diluted by a factor of 8-9 but they don't even get any of the dividend. Also, when the people holding GFCI shares get that dividend, they are supposing that they will get 2:1, and BBB counted about 20 Million shares just on RB message board, so even if that were ALL the GFCI 2:1 'ers we now see LOTS of Millions free trading shares of CTBG on the market on one day.
I am guessing that a lot of those people will sell their new 10 cent (or so) stock, so people who are short GFCI and have to provide the dividend to the real GFCI shareholders will be able to scoop those up under 10 cents as the share price plummets on the massive selloff from the opening price. The people who are short artificial shares get a debit into their account in lieu of shares or cash, and probably will have 3 days to settle any discrepancy. With 40 million free trading shares minimum it won't be hard.
Then they're still short GFCI, which will begin trading however much lower they price the dividend, and probably begin to crash from there, as we know they won't have some or all of the assets and revenue stream that we bought it for in the first place. Not to mention the fact that they cannot file any audited results for some time yet.
Does it make more sense to you now? I can explain it further if you're still confused. I am NOT speaking from inexperience or ignorance I assure you.
