Replies to post #8300 on Grifco Inc (GFCI)

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Trinityz1, A new "Record Date"!

Trinityz1, you ask:

"When will the warrants actually post to our accounts?"

Nobody knows. If you compare these two PRs, you can see why the announcement has not produced much reaction.

PR from December 15, 2006

"...the Record Date close of business on December 25, 2006. All shareholders on the Record Date will be entitled to receive their pro rata share of Class A, B and C Preference Drilling Participation Shares. Further details will follow."

PR from March 30, 2006"

"Coil Tubing Technology, Inc... ...today announced May 1, 2006, as the record date for the previously announced spin-off of the Company from its parent company Grifco International, Inc... ...Grifco shareholders as of the record date will receive a pro rata distribution of the Company's shares..."
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The "Record Date" just means they find out who owns Grifco shares on that date. We don't know a date when (or if) the Rule 144K warrants will be issued. There may be some unforeseen difficulties with the "forward looking" distribution plan - as there were with the CTT share dividend.

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