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GFY
Security Notes
•Capital Change=shs decreased by 1 for 300 split. Pay date=12/03/2002.
•Capital Change=shs decreased by 1 for 2 split. Pay date=11/20/1998.
•Capital Change=shs decreased by 1 for 250 split. Pay date=7-13-04
•Capital Change=shs decreased by 1 for 1000 split. Pay date=10-26-04
•Capital Change=shs decreased by 1 for 10,000 split. Pay date=2-9-05
•Capital Change=shs decreased by 1 for 20 split. Pay date=01/02/2002.
•Capital Change=shs decreased by 1 for 100000 split Pay date=05/02/2006.
•Capital Change=shs decreased by 1 for 30 split Pay date=03/20/2009.
•Capital Change=shs decreased by 1 for 45 split Pay date=12/10/2009.
•Capital Change=shs decreased by 1 for 300 split. Pay date=05/10/2011.
Currently: UBEX
Company Notes
•Formerly=Causeway Entertainment Co. until 5-2011
•Formerly=Cityside Tickets Inc. until 10-2010
•Formerly=Upturn, Inc. (The) until 12-2009
•Formerly=GFY Foods, Inc. until 3-2009
•Formerly=F10 Oil & Gas Properties, Inc. until 1-04
•Formerly=Force 10 Trading, Inc. until 12-02
•Formerly=Petrex Corp. (New) until 1-02
•Formerly=Institute of Cosmetic Surgery, Inc. until 12-00
•Formerly=Petrex Corp. (Old) until 11-98
what did the symbol finally become?
I have about a $7,000 loss on this dog. I'm thinking about sewing Ed for $5,000 in small calims court, which is the limit. I don't even know at this time whether it is possible, but may be a good way to get back at big Ed.
GFYD gets an "E" for EDDIE.... Smooth EDDIE
LOL wow i invoked the name of smooth eddie today and you appeared... ha ha
some of these guys just know how to play the system... eddie is one smoothe operator.
i can say the only reason i saw your post is i have not taken the time to clean up my IHUB ui... lol
so your still trying to get someone to look at this puppy?...
glty
real
FRankie Fillet!!!!!!!!Go F#$@yourselfDog
is down to .0003 gee I smell another R/S
coming real soon. How in the world can the
sec turn its back on this stock as if it
did not exist and they have more important
things to do than protect the public
from scammers like the CEO of this fly
by night comp. It's disgraceful when a
person gets 35 yrs in jail for stealing
a black and white TV and yet the CEO of this
company takes in thousands of dollars
every day from unsuspecting traders.
It's an inexcussable that it be allowed
to plunder the public as it has for so
long.
I have them completely off my radar.. funny how the shareprice is so hi after ED RS'd this puppy into oblivion.... it will fall again and the SEC is not going to do a thing.... lol smmmmmmmmmooth EDDY is lining the sheep up again... GYRO TIME!
real
Frankie Fillet, where are you????????
Interesting day for ed's company
the pps went from .26 to .50 with a
little over 2K shares traded. Does
that sound a little strange to you?
Are they at it again, trying to attract
more unsuspecting investors. Bid .25
ask .50 what's with that?
Hey Frankie........What I was getting at is
that they will continue to change the symbol
as long as there are more letters in the alphabet
Why? I think its called phising for suckers.
GFYF>GFYI>GFYO>GFYD>GFYDE did all this happen within a year? haaaaaaaaaaaaaaaaaaha ha ah no way.... I wounder if the SEC ever scrutinizes any of these guys.
issue shares ka~ching RS issue shares ka~ching RS issue shares ka~ching RS issue shares ka~ching RS issue shares KA~CHING RS
Ancient way of the KA~CHING... also called easy money for ED...
real
Hey Frankie!!!!!!!!!!!Another one bites the dust!
ed continues to play games with other peoples money
Like one would do with Monopoly. It stinks so bad
that as far as I'm concerned the SEC is letting
us down by permitting GFYO to carry on as it does.
To all that may read this board be aware and be
cautioned that GFY....O really stands for Go F...
Yourself. This will be or rather is the 4th R/S
in one year and the 4th name change. He has
distributed and diluted this stock amoung his
family members so they to can play Monopoly at
your expense. If anyone is foolish enough not
to research this POS stock then let them beware
they too will lose it all. I know I lost 5K
and when I complained to ed (refuse to capitalize that
POS's name) he placed my email address on his
blacklist (refused the emails). We need to get
an elected official on this stock and keep ed from
hurting anymore people. This is sanctioned thievery
as long as the SEC turns its back it will go on and on.
I think if we all wrote or emailed the SEC we may get
someone to at least hear us out. Lets not just keep
taking it like little lambs going to the slaughter house.
I need you help. Please email the Fraud division of the SEC.
should get IHMATT to let us update this board with all the symbol changes.
real
I use scottrader and you can make small bankieee's with a 7 dollar commish.... I did not say it would not take any work.
real
at that low of cash, what you suggested, "make 100 into 130...150....200....250...." where i trade, that would cost $100 in commissions (ameritrade). the way i see it, and i fully admit i'm no expert, thats why i'm in this position, is this is my last chance. with $100 invested, i would have to get a 20% return just to cover the commissions, that makes me think the only way is to try to find another penny stock and wait for it to blow. CMKX is the best i've found.
just my opinion
from the fire into the pan... your saying take your last 100 and put it in CMKX... take a gamble? if you want to gamble go to a casino... you have a better chance. "she has diamonds on the soul of her shoes...."
if its your last 100 you should not be here yet... otherwise put it in a company that has at least a 2 year track record or a company that has a real product or service. follow its chart .... see where the 52 week low is and the past 52 week high.... good start... now where is it to the relation of that.. is it in an up trend or down trend....I suggest you look for an up trend first... you have a better chance if you catch teh begining or middle of an uptrend..... now look for support and resistance.. select a most excellent entrypoint... realize you are not going to get rich on this trade... object is to get in and get out while still strong... so you get filled quick and there is still buying pressure. your object is to make 100 into 130...150....200....250....
If you gamble you will tie up that last 100.
FWIW based on my previous hysterical observations.....
GLTY
real
Wow changed the name again.. that is 4 times in less than a year. I hate to say it "kath" but your DD was really floored... if you bought in (feb 2005) There were posts all over the place about playing this stock. The pumper pr's have to be followed up... next time try a google search and a search on IHUB... but select public msg's for the search location. this will bring up the posts on Ihub... that is why some boards require you use the symbol if you post.
well at least it was not the whole farm... we all pay tuition learning from our trades.
BTW : this company seems to work along the lines of a personal piggy bank. SEC sanctioned or under investigation... the sec "CANNOT COMMENT"
The has no direction at this point.. there is no business model, management gets an excessive salary... family members included. they change the name, RS then issue themselves shares after the reverse split.... then RS again to completely take any shares left from the slaughtered "investors" . There are companies like this all over.... they move more so on momo than a company milestone being made. play them as such... in for a day and out.... catch a volume day buy the dip...
GLTY
real
Unfortunatily, we new investors don't find these boards until too late. I was able to jump ship before this 1/10000, the last 1/1000, and the 1/250 before that. I, like you, felt that their PR's spoke for themselves, and that Ed was there for the good of us shareholders, trying to gain value for our hard EARNED money.
I salvaged what I could, and now I'm all in at CMKX hoping to regain.
If you have enough to sell to even recover $100 or so, get it outta there. $100 worth of CMKX will get you 500,000 shares. Its a gamble, but it couldn't get any worse than this pile.
Just my opinion of course.
Too late For me. Wanted everyone to know that Ed has done it again. GFYO is now GFYD. I saved 500.00 to start investing. I'm semi retired. I thought I did my reserach as several articles including wallstreetcorner.com and stockpatrol.com and numerous others praised this so called genius. I bought at .0002 in early Feb. 2005 and the very next day it went down to 00001. My money, which to some is pocket change is now gone. Ed can now start again with GFYD.
I'm willing to do or join anyone in getting the message out.
We need help from the Fed's
This is a thief.
haaaaaaaaaaaaaaaaaaaaaaa ha ha ha.... I did so good on that one.... thanks for the heads up Irish... like you dd board too.
real
Has anyone ever shorted this company? It seems like you could make a fortune.
GFYO is doing a 1:10,000 R/S tomorrow per an 8-K filed this a.m.
Threshold Security List - Friday, February 04, 2005
Symbol Security Name Market
Category Reg SHO Threshold Flag
GFYO GFY FOODS, INC. NEW U Y
I'm sure it would not work this easily, but is this not the perfect stock to short sell? Why wouldn't it work? I've never shorted anything so I'm just curious.
don't even waste the grey matter or IHUBS bandwith... lol
real
Hump! Lets see now if I buy 10M at .0001
it will only cost 1000 dollars. Hump, then
another reverse split at 1 for every 5K that
I own would drop my holdings to 200K at .0001
would drop my holdings to a value of 200 dollars.
Then another reverse split of 1 for every 200
would drop me down to 10000 or 10 dollars.
Sounds pretty darn bad to me! How about you?
lets see if he finds some new lambs to slaughter for his gyro resturaunt. lol if its Chinese then it gonna be the piggies in the Pork fried rice..... haaaaaaaa ha
trades going thru at 0.00 tooo much.
real
GFY Foods, Inc. (OTCBB: GFY0) announced recently that the company will be aggressively pursuing the acquisition of non franchise restaurants which are profitable but under capitalized. These franchise restaurants will offer food and beverage products which are anticipated to be licensed in an exclusive manner in order to move into the business services market.
The company feels that it is important to diversify its focus in order to better position itself in the marketplace, drive greater profitability and shareholder value. GFY Foods wants to move forward in a much more aggressive manner than it has done in the past so that it can build a stronger company that utilizes diversification to grow the bottom line. "We intend to publicize our interest in licensing unique food products that will dovetail with our existing restaurant locations. Also, if possible, offer these products via our web site so that we can develop a direct sales model," said Ed Schwalb, president of GFY Foods, Inc.
HAAAAAAAAAHAAAAAHAHAHAHAHAHAHAH!!!!!!!!!!!!!!!!!!!
What a bargain!!! Trades going through at $0.00!!! Maybe it's a good time to get in... It's gotta go up, right???
who actually owns any shares of this dog. I don't know anybody.
real
.0001 another reverse split is in the air.
Can't make any money with this
kind of pps. Looks like he is branching
into everything that has a sale price
or a barter price. No more franchises,
now new product lines, catering, stand
alone Geek restaurant, duplex, etc.
Just like a kid with a credit card wanting
to buy anything and everything. After all
he's not paying for it, you and I and a lot
of unsuspecting traders are financing his
buying antics. When will the SEC wake up
and realize what he is doing hurts a lot
of innocent people.
you can't if you did not sell.... its not a loss till you sell so this years taxes for 2004 .. if you held thru the new year is a wash.
real
Frankie..........You got .02 cents. WOW
My 5K is now worth -12.99. Need to find out
how I can report the lost on my 2004 tax
return. I certainly don't want to lose
another 12.99, but the value of 6 shares
is less than 1/12 of a penny. How can
this lost be reported as long as I still hold
6 stinking shares.
MY 2cents.... what was paid me after the last RS lol
real
they have enough shares..... and if they don't they will issue them.... takes about 2 months to do all the paperwork.... no news lately... what real performance goals can they be up to... 10 Q is going to be fun.
real
it's just a matter of time...
Friday's close .0002 Do I hear another reverse split
is on the way. Would not surprise me in the least.
Isn't there something I can do tax-wise here. Can't I claim a loss or something. Can anybody enlighten me please?
Somewhere in the future, I think it would make me happy and relieved to hear that Ed is in prison being on the recieving end of what he was doing to us for so long.
I'm all in for CMKX in a last ditch effort to make back what Mr. Ed stole. I'm glad I got out when I did, right before the 1:250 rs. Otherwise the 2.1 million shares I had before would be worth less than a penny!
ed schwalb is a POS. I also submitted a
formal complaint with the SEC. The fact
that they are letting him get away with this
is unbeleivable. As I told Fankie, I too
was taken in by this POS and lost 5K because
of the reverse splits. I guess it doesn't matter
to the SEC because they just turn their heads
and never do anything about it. I don't know
what it takes to stop him. I know one thing for
sure is that he is a man without any conscience
and certainly no morals. GFY Foods is only out
for ed schwalb and no one else. I can't beleive
131 million shares traded hands today. Someone
else is getting the skewer.
On the other hand, The Golden Fleece Award for 2004 also goes to SMOOOTH EDDY! For having the skills to issue shares to offset the second RS a month or so before...change the name 3 times all in one year. Serving up a good healthy group of investing lambs. mmmmm GYRO anyone. Thats what we call a real smoothie....
Punching the numbers and transactions into turbotax now.... good for a few laughs... At least for 2004 I read this one well. :) it was a swoosh for me.
real
Piece of Coal Award goes to this loser....For the double RS whammie OS's & RS'd into oblivion....I bet we have not heard the last of ED and his ship of fools. It was a wild ride.
real
I saw were little ed is planning to get into viaticals here is a pretty good article about viaticals, what it is and the risks involved. From fast food to betting on peoples lives so that he can make a profit - sound business plan isn't it? On one hand, he wants to put out a healthy menu, on the other hand, he needs people to die to make money?????
Viaticals: Quick Cash, But AT What Cost?
by Larry M. Elkin CPA, CFP
Originally Published June 2000
You are getting ready to retire after a successful business career. With your working days over and your family well provided for, you no longer need that big life insurance policy you have been carrying. Your options include:
Surrendering it for its cash value.
Transferring it to a trust so your children can eventually collect the death benefit, free of estate taxes if you survive at least three years after the transfer.
Selling it to a stranger, who could then profit handsomely from your early demise.
Does that last option give you the willies? Sorry. Let’s try another scenario. You are eating your corn flakes when the phone rings. Your financial planner, Bam Bam, is calling to alert you to an exciting opportunity. An outfit called Vulture Viaticals is looking for investors who want to lock in a long-term fixed return of up to 150%. The deal is simple: You buy an insurance policy on a Mr. Schlemiel’s life. Schlemiel is “projected” to die eight years from now. The policy has a face value of $250,000, but you can own it today for $100,000. Voila! You absolutely, positively get your 150% return, assuming the unfortunate Schlemiel dies on schedule.
Now, you happen to know that Bam Bam sells life insurance, so you ask the obvious question. He cheerfully informs you that, yes, he is the agent who sold Schlemiel the policy. In fact, it is a “wet ink” policy, issued so recently that Bam Bam has not gotten around to spending the commission he received for selling it. And, yes, Vulture Viaticals will pay Bam Bam another commission for getting Schlemiel to sell it to you, with Vulture Viaticals as intermediary. Bam Bam giggles as he mentions that the commission for selling the Schlemiel policy to you is double what the insurance company paid him for selling the policy to Schlemiel in the first place.
You consider the possibilities. They are:
Someone pulled a fast one on the insurance company. Surely, no sane underwriter would have issued the policy if he knew that Schlemiel has less than a decade to live.
Someone is pulling a fast one on you, and Schlemiel actually has a normal life expectancy for his age — or maybe his age is not what you are being told it is. In any event, you may have to wait a lot longer than eight years to receive a return on your investment, assuming you ever do.
Schlemiel recently received some unexpected bad news. But the news can’t be too terrible, considering the miracles that medical science can accomplish in eight years.
Compassion Run Amok
Welcome to the viatical settlement industry. This business in its modern form did not even exist in this country until 1989. A decade later, an estimated $1 billion face value of life insurance was bought and sold.
This, in my opinion, is a compassionate idea run amok.
The viatical industry arose out of the misery of the AIDS epidemic. As their bodies withered and medical costs mounted, desperate patients looked to their life insurance policies as a source of funds. What these patients found, mainly, was a bitter irony that policies on young people — and most AIDS victims were in the prime of life — often have little cash surrender value, if any. A policy that would be worth a small fortune a moment after the patient’s death might be worth nothing a moment before, unless someone could be found who was willing to buy and hold the policy. Some prominent advocates for AIDS victims were among the organizers of the early viatical companies that arose to meet this need.
There were problems with viatical transactions from the beginning. One major obstacle was in the tax law. A 1994 private ruling by the Internal Revenue Service (PLR 9443020) held, as many tax professionals likewise believed, that an insured individual who sold his policy was liable for taxes on the difference between the amount he received and the premiums he had paid. Had the policy not been sold, the eventual death benefit would have been free of income taxes.
Many professionals also believed that the same treatment would apply to the insurance industry’s own answer to the problem. By the early 1990s, some insurers had begun offering “living needs benefits” or “accelerated death benefits” to terminally ill policyholders meeting certain requirements. These payments, like those being made by viatical companies, were not triggered by the death of the insured (who was not yet dead), and therefore did not seem to qualify as tax-exempt death benefits.
But the IRS, in a remarkable act of charity, issued proposed regulations late in 1992 that made insurance company living needs benefits tax-exempt. The viatical industry called for equal treatment, but this call was not answered until 1997, when Congress made viatical settlements as well as living needs benefits tax-free when received by individuals who are either terminally or chronically ill. Since then the viatical industry has grown rapidly, even as U.S. deaths from AIDS have plunged due to improved therapies.
The growth in viaticals has come largely from three new groups of insureds in addition to those who are terminally ill. The new groups are those who are chronically, but not terminally, ill; older insureds who are otherwise healthy; and people who take out new insurance policies and quickly sell them to viatical companies.
The Extreme Case
The downside risk to the insured individual of a viatical sale is obvious. In an extreme case, and I am confident that the extreme case is bound to happen sooner or later, someone is going to be killed because an investor gets a little too eager to recoup his outlay. While most viators (as individuals who sell their policies are called) will not be so unlucky, many are going to have to put up with frequent calls from buyers who are checking to see if their ship has come in.
On the other side of the transaction, anyone who pays a fair price for a single policy on someone else’s life is gambling, not investing. Sure, you might get lucky if the insured dies an early death, but except for the terminally ill, there is no statistically valid way to identify these individuals. You stand an equal chance of being unlucky and having your insured live longer than average. Remember the French landlord who gave lifetime residency rights in an apartment to a woman who lived to be 120?
If, on the other hand, you paid fair value for a pool of insurance contracts on the lives of healthy people, you would simply be stepping into the shoes of the insureds. Your expected return would be comparable to the return on stocks or bonds, which, after all, is where the insurance company is investing most of the premium money.
So is there potential for buyers of viaticated policies to consistently reap better-than-average returns? To be fair to the viatical companies, yes. A certain percentage of people will get sick and die young. Insurance companies build this certainty into their premium rates. By locating these people and persuading them to accept a higher-than-normal discount rate when selling their policies, a predictable and stable profit can be built into the investment if there is a diversified pool of policies. Basically, you turn the insurance companies’ loss into your gain.
But there is a big catch. You must have a diversified pool of lives. You must be sure that the life expectancy has been materially shortened. You must get the sellers to accept a big discount. You must have financially stable insurers who actually will pay the death benefits when due. You must have policies that are soundly structured and adequately financed even if the insureds live longer than expected, lest the policies lapse and the investment be completely lost.
Policy owners have other options besides selling to viatical companies. They can borrow against policy cash values, ask banks or other lenders to let them borrow against face values when the insured is terminally ill, or ask the insurance company itself to pay a living needs benefit. They also can shop around for the best deal among viatical companies, in which case competition may force viatical returns down to the point that they lose their appeal to investors.
So what do I think of viatical transactions? As an investor, I would stay away because of the financial risks as well as the lack of regulation and disclosures. As a policy owner, I would look closely at all the alternative ways to raise quick cash.
I HEAR YA BARKING .... but the sec is not going to do a thing.
Fast Eddie is free to scam.... he has done the RS thing since 1998.
real
GFY Foods is the biggest scam on the stock exchange. I purchased over a million shares in March as a result of glowing news releases by Edward Schwalb and company. After two reverse splits I own 12 shares worth $.01. During that time Mr. Schwalb issued himself billions of shares which he sold for a nice profit. He now is pumping the stock again reporting that GFYO is expanding into other areas.
I filed a complaint with the SEC and fat chance they will do anything. I suggest that we investers get together at GFYO headquarters and drag Mr. Schwalb out into the street and kick his ass and hang him up on the nearest street light by his heels. Any takers?
the same scam is happening all over the place.
real
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