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Strongus, you wrote:
The end game is very near as I see it. I think the longs will have the last laugh.I am getting plenty of sympathy for the bashers now. They have become so frustrated that Grifco is getting all these buy out offers. How does it feel to be shouting on roof top bashing the stock all day and still see it ending in green EOD. LOL..I am so sorry for you guys.
Now, as I see it, this is the best laugh of the day, because there ain't even one offer, there are no offers. PERIOD.
Birkstock gave us definitive proof that Jarvis never really fled the scene, as was claimed in the initial press release. O' he may have relinquished his role as CEO, and it's even remotely possible that dialer is a patsy (very remotely) but IMO, and my best guess is that it's going something like this, dialer is trying to get money to finance operations, but jarvis keeps printing more shares, and keep some for himself, give some to 3rd parties to pump the crap and get suckers to buy more shares on a "buyout" a "spinout" a "dividend" and whatnot, all the while he's got the mimeograph machine going, and he's churning them out like 3rd grade multiplication charts and tests
there is now proof that grifco, was and is financed by someone in the jarvis family. there's no filings because all 10q and 10k would have to illustrate that relationship, and it cannot be done,
put this way,
if there's a buyout offer for grifco and ctt it's likely in the .03-.05 range if that due to all the shares that jarvis has access to....
all IMO but it's never been more clear.
go back to the RB board of litfiber and read all about jarvis, he's a peach! He makes pumpers like BBB and B2B look like schoolchildren......
funny post about the buyout offers, though, really funny
did the grifco spot on the world business review ever air?
no
I KNEW IT!!!!!
this has had the jarvis tinge on it from the beginning!
if anyone needs further proof that this is all really really really really shady, well, I guess there's absolutely no hope.
I knew that the truth would come out eventually.
Jarvis took you all on another ride,
lawncare ( probably actually thought he could unfragment an industry in the beginning- then the pink sheet market became clear to him- like in the matrix)
paintballs
unused fiber optics networks
oil equipment services
LOL unreal
unfrickin real
you all can start apologizing to me now, for all the grief....
well, I won't hold my breath
I actually feel kinda sorry for some of you who truly believed in this game
go to blockbuster tonight and rent
"the sting"
maybe you'll understand more than
I think they realized that they could sell stock without having an updated website
it's already late unless you think they didn't mean June 1, 2006. I guess I am more confused as to why the true believers here aren't more pissed about the fact that they haven't bothered to update that late filing thing. Not only haven't they caught up, they haven't even filed one thing on edgar for ctbg/ipmc. Not one, when they said would be all caught up by this date.
They still don't have one bit of information on this whole ball of wax on file with the SEC.
I think they're paying those "sec lawyers" too much $$
Personally I don't think any of it will ever happen, and I also think the buyout PR was just complete and total utter bullshit. IMO there is no offers not even one.
IMO of course.
i was responding to a question
http://biz.yahoo.com/iw/060505/0127376.html
CTT also clarified today that despite the delay in completing filings to re-establish SEC Reporting compliance, the record date announced on March 30, 2006 for shareholders of Grifco to receive dividend shares of CTT has not changed. Shareholders of GFCI who owned their shares as of close of trading on May 1, 2006 (regardless of settlement date) will receive 1.89 shares of CTBG for every 1 share owned of GFCI. Grifco management is working diligently with its transfer agent and the Depository Trust Company to ensure timely delivery of CTT dividend shares. CTT and Grifco hope the distribution of shares will be completed by July 1, 2006.
they said "hope" which in their case, based on past experience, means no way in hades, and there's one other suspicious article in that quote too, working with the transfer agent. now who was it said that they talked to dialer and he said that they weren't using the ta to do this, they were handling it on their own??? Geeze this gets more and more confusing. is dialer the same person as jarvis? there's a great question to ask. do they know one another, well of course they do. do they still see each other? Hmmmmm
The best way to answer critics is to accept the best buy out offer that is on the table.
I agree 100%
If they can sell this company to one person/company, for $55MM, then maybe they can stop pumping the crap out of it to sell it $400-600K at a time to unsuspecting pink sheet gamblers.
However, if they do, and they have shown the financials and or transfer agent statement to the buyer, without showing it to the previous owners (shareholders), then it probably fraud.
Then again if they don't, then there's no way any right minded person would pay 55 M$ for it in the first place.
How come no one answers the real question that should be asked...
why in the hell is grifco (supposedly) trying to distribute the shares without the aid of the transfer agent???
my opinion is that the TA, while NOT being able to talk about share counts without ol dialers permission, probably is legally bound to discuss with relevant parties the ongoing process and likelihood of the "spinout" and or dividend shares. And if they have to tell anyone who asks, about the dividend, "what dividend?" then the dialer just says, "we'll get it done by ourselves, the transfer agent is not involved." "oh yeah btw, it's just going to be a few more weeks while we're waiting for a piece of paper, the SEC attorneys, the last acquisition to go through, the trip to venezeula, jim to get back from libya, just a little while longer, did we tell you about the purchase order for 1.8 million we anticipate getting next month?"
this is so easy to see through, I cannot believe some people are still hanging on. ALl IMO and all probably wrong. Those dividend shares will be in your account first thing MOnday July 3rd. Or is it July 1st Saturday. Hmmmm well surely we'll see, because there's no way Jim Dial is lying about this whole financial process. It's just happenstance that it looks like a house of cards.....they're legit I tell ya!
What reason could there be that can preclude Dial from letting out an official PR, stating his current share count, even in an approximate way? I don't know the answer to that question. ........................................................ I do also know the official share counts for Grifco should be mentioned in CTBG's filings, as the distribution of spin-off shares hinges on that official count, and as I understand it, the filings are set to happen very soon.
interesting paragraph! I know why dialer won't release O/S or anything about anything substantial! Because it would make the share price crash! you also said that filings were going to be made soon twice before. Once in Nov last year. Once in April this year on RB. I guess "soon" is relative, after all the earth is hundreds of MM of years old. This is my prediction. We won't see any filings by either company before August of this year. There won't be any dividend on July 1, 2006. Save this to rub in my face when the filings get done in 3 days the everyone is giddy with riches from their 1.89 spinout. NOT
clever, that was funny
at least someone here hasn't left their sense of humor behind
i wonder if the moderator is going to pull the assistant moderator's post being overly sarcastic....
is sarcasm still allowed here?
two of my posts deleted already today!
strongus are you trying to make another RB longs only board?
Nothing that says anything besides gooooooo grifffffffyyyyyyyy? allowed?
that's prettty bad IMO
Blue, I know for a fact, a f-a-c-t that at least two of those 9 people he listed are NOT privy to anything other than dialer telling them. I tried for months to get jody/king to get a wirtten statement, ne a commentary on the telephone from the transfer agent. Dialer would not let the TA talk to anyone but him, and ryan in chicago last I talked to him was just going by what dialer was telling them. "yes there's only 39MM shares outstanding. No I haven't seen any proof of that, just what the CEO is telling me"
Yet another "fact" passed off from BBB to the unsuspecting public with no verification available whatsoever.....
I would not be surprised if dialer is the only one talking to the TA at all. After all, last I knew he's the entire board of directors.
No, BBB I'm not mad. I now have irrefutable proof of what I suspected about you all along.
I'm also quite positive that no one will ever listen to you without a HUGE grain of salt in their way.
Which is how it should be obviously.
Then you have the guts to talk about how CTBG is only 30-40% of GFCI. Another BS "fact" that you're trying to pass off as reality when you're really just guessing?
That's just a rhetorical question. I'm not looking for any answers from you and wish you wouldn't try bamboozling any more "investors" with your phony share counts and whantnot. BTW if you're leaving out the information from the 75%- 33% - 2% utilization rates what else can we expect you to come clean with during the next little while?
That you're leaving out some tidbits of the share count fiasco that you "obviously" knew? THat you're aware that people are lying about their share count but you continue to publish it anyways?
Just waiting for the next boot to drop is all....
Mad? why? all I want is the truth to come out, and a significant bit of it did over the weekend! Which is GREAT news to all who want t clear picture!
When I made my projections of $20 in two years, I was then working under the assumption that CTT's tool utilization rates were 33%. Obviously, that is NOT the case.
holy crap!!! now I've literally seen it all!!!!!!!!!!!!!
OBVIOUSLY THIS IS NOT THE CASE?
WHEN DID IT BECOME OBVIOUS TO YOU? WERE YOU GOING TO SHARE THIS "OBVIOUS" REVELATION WITH THE REST OF THE BOARD??
PEOPLE U WILLL HAVE TO FORGIVE ME BECAUSE MY BODY IS TRYING NOT TO FLY OUT OF MY CHAIR AND HIT THE ROOF. BUT IT WANTS TO!
READ THIS CAREFULLY FROM THE ULTIMATE INSIDER, THE ONE WITH THE CTT CEO'S CELL PHONE NUMBER "CTT is currently on pace to achieve between 2% and 5% of all currently available toolsets" THIS MEANS THAT THEY CURRENTLY AREN'T THERE YET, THAT THEY ARE ON PACE, WHICH TELLS US THATIT'S PROBABLY LOWER THAN 2% CURRENTLY!
ALSO, MORE UNBELIEVABLY, THIS TITAN OF THE OIL FIELD INDUSTRY JIM DIAL, WHEN HE PUMPED US ALL INTO THE STOCK WITH TALK OF A 2 MM PER MONTH PER 50 SET OF JET MOTORS, (WHICH DIDN'T WORK AT ALL IT SEEMS BECAUSE THEY'VE NOT SAID BOO ABOUT THEM SINCE) WAS GOING ON AN UNBELIEVABLE UTILIZATION RATE OF 75%!!!!
NOW WE'LL NOT DISCUSS THE 20 SOME YEARS HE'S SUPPOSED TO HAVE WORKED IN THE FIELD, BUT HE'S PROBABLY SUPPOSED TO KNOW MORE ABOUT THE RENTAL RATE OF A COMPANY HE'S GOING TO BUY, SO EITHER HE'S INCOMPETANT, AND DIDN'T HAVE THE SLIGHTEST CLUE WITH THAT 2 MM PER MONTH PROJECTION ( KINDA MAKES ALL HIS OTHER PROJECTIONS SUSPECT, NO?) OR HE WAS DELIBERATELY TRYING TO PUMP UP THE STOCK PRICE SO HE COULD SELL SHARES AND GET THIS LITTLE TOOL MAKING OPERATION PARTY STARTED. IF HE DIDN'T KNOW THAT THE TOOL RENTAL RATE HE PROJECTED WAS FOOLISH, 75% VS LESS THAN 2% IN REALITY, THEN HE SHOULDN'T BE RUNNING THIS COMPANY TO BEGIN WITH, AND IF HE DID THEN HE'S BORDERLINE CROOK FROM THIS ONE FACT ALONE....
THIS GET'S ME BACK TO BBB--- BBB FROM THIS 'OBVIOUSLY' COMMENT YOU HAVE KNOWN THE RENTAL RATE TO BE LESS THAN 75%, LESS THAN EVEN THE 33% YOU "CONCEEDED TO" TO BE BETWEEN 1-4% FOR QUITE SOME TIME!
HOW LOLNG EXACTLY AND WHY DIDN'T YOU FESS UP TO THIS UNTIL CORNERED?
UNBELIEVABLE!
mrd mrd,
no see BBB's post where he admits that CTBG tool rental rate is as low as 2%. All these people saw a bunch of lathes turning, and orders being filled, and some smooth talking "CEO" who said "look around, aint we busy?" They didn't see any kinds of balance sheet, statement of cash flows, even a bank account balance I'm betting.
As BBB fesses up to what he's known but not said (for how long? but we'll get to that in a few minutes) about the business- the tool rental "utilization" rate is pitiful- less than 3% by his own words, they are making tools yes but not the right tools and they're having a terrible time either getting them to work - see the failed jet motor experiment (but we'll get to that in a minute), or in renting them when they do work, or both, which is my guess and the real reason for the inflated share count- see blue in Mi's post where he admits that he's ready to see a 75 MM share count, twice what the dialer says there are....they are, or rather might be, printing shares to sell to BBB, B2B and friends keep the payroll paid and the raw materials coming, in hopes that they might someday get ti right. ALL IMO
First, I cannot intelligently accept the proposition that the RB/I-Hub share count means absolutely nothing. I believe the share count means something rather substantial -- it gives us a sense of some validity to the existence of an exceptionally large short interest, one that, quite amazingly, was already clearly evident July of last year with the generation of that DTC One Time Special Security Position Report, which had only shown about 1/12 of the actual holdings of beneficial owners.
BBB I'm sure that there's something somewhere that you CAN do intelligently, but I become more convinced that writing on investing and how business/publicly traded companies works is NOT one of them. If that experiment your doing with supposed shareholders and their holdings is doing anything besides wasting your time, it's proving without a shadow of doubt that 1)there is a printing press going, and 2)dialer don't know how to tell the truth. Rather than accepting that Dial is doing something completely legal and well within his right to do, (printing shares to sell to keep a failing tool rental company going- pitifully low tool rental rate- 3% but we'lll get to that later) you're going on the assumption that someone is doing something that although common, is completely illegl and unacceptable- naked shorting grifco stock. Smell the coffee dude. Dialer is printing more shares to keep the company going while trying to put the best face on it and not wanting to admit it to his biggest fan, OR, -- some wacko conspiracy theory about naked shorting? Which is more likely to be true when you can account for almost 30 million shares on a float that's supposedly less than 9 million?
There are officially only 39.5 million shares o/s, pure speculation based on BS statements that cannot be verified other than believeing a man who has shown himself time and time again to be not trustworthybut there must be some justifiable reasons for not putting them out.
1. Catch/trap the naked shorts in a pinchnot a justifiable reason for a CEO of a publicly traded company to do anything much less verify for other shareholders/owners what they actually own
2. Prevent/thwart hostile takeover interestnot any kind of reason for a CEO to do anything. If someone wants to take over grifco and do a better job of enhaincing shareholder avlue they should have the chance. dialer has failed miserably for almost two years. period. in fact this could be viewed as lawsuit material by itself. he can't get investors an accurate valuation according to him and BBB, but he refuses to let anyone else try?
3. Strengthen buy-out/merger negotiations there is no way withholding key information like this would strengthen anything, much less how much anyone would pay for grifco. UNLESS he is showing them them the proof which makes him a scumbag and crook imo
roland-
Excuse me can you point to one fact filled post you've made in the past, oh, say 6 months?
thanks
While you're at it, can you point me to one post of anyone's here that is NOT speculation, or BS in a complete and total sense?
BBB keeps posting his "seeming share count" as if 1)that means anything and anyone is really telling the truth and 2)it were remotely possible to keep up with all the people holding GFCI stock just by counting posters on 2 anonymous message boards.
YET
you haven't claimed any BS from him, right?
Just because I'm down on the IMO liars and crooks running this pony show and he's trying to justify some massive short squeeze in a get rich quick scheme which will make all the people holding grifco long RICH, you revile me and you leave him alone.
WHY?
Because IMO you simply dno't like my take on things, and you don't want to be faced with where the real problem is, ie the dialer and yourself for the BAAAAAD decision you made when you got pumped and dumped into this stock.
You're pointing that anger in the wrong direction roland.
nofortunateson
I didn't say that the company was lying. See, what probably happened was that Jim asked one of his libyan buddies to call him up and say "hey Jim, I'll give ya 50 Mill for grifco" and then another one "hey Jim I'll give ya 46 million quid for that grifco aye?" and then another one "i'll give you 790 billion turkish lyra (any stern fans out there)) for grifco" then dialer gets to put out a PR and the price goes from .12-.22 on 4-6 million shares volume and they've sold another 2 million shares for $900,000 net of printing and Pr and brokerage fees. Right to the bank. All legal see. Then someone posts to "dying to get burned again"- hey man count me in for 170,000 shares..... and that's added to the tally of shares outstanding. which they got evidence for the printing press sitting there in their grubby hands. How many actual owners of grifco in % will post to someone on RB or IHUB about what they got and when they got it? 4-5%? 20%? you get the picture.
That's my opinion (probably wrong) of why that happened......
This is either the largest understatement of the year, or I overestimated BBB's ability to grasp basic concepts.
I have a gut feeling Dial is being pressured to put out an official share count
I saw a jack-a-lope stuffed and mounted on a wall in a barbershop the other day too, but that doesn't mean it's a billion dollar industry stalwart.....
OK let's say that the company IS really working entity, with real stuff that people are actually paying money for.
Do you think that without the financials of both companies the SEC is going to let Grifco "spin out" a company of supposedly greater value than themselves?
I'll answer that- NO WAY JOSE
re:mrdmrd
For instance, given the info offered here about CTT, its press releases, business activity, pictures, press releases, etc., I do NOT remember one instance where YOU reflected on any one of them positively.
=================================================================
That's because it's likely all bullspit. Nothing in those PR's reports from back channel holders-of-the-CEO's-cell-phone-number, is actually real information, IMO, it's all likely forward looking statements fed to a group of people who don't want to see, or know, the truth. All IMO, of course but that's why I haven't commented on anyting "positive" yet. There's been no reason to believe tham about anything so far, why start now? The market doesn't, and likely WILL NEVER believe any word these guys say, ever. Why should I go against what the market is so strongly saying......?
bagger
you're a basher if you don't toe the line, and scream at the top of your lungs
"JIM DIAL SAYS WE'RE GOING TO BE WORTH A BILLION DOLLARS IN THREE YEARS OR LESS"
of if anything other than blame for those dastardly short sellers comes from your fingers..
as for peeker, I offered him the ability to call me and verify that I am who I say I am, but like the other people here, it seems he would rather go on insinuations and suppositions rather than finding out the truth.
I guess it's common among GFCI holders to avoid the truth.
But at least they can label us that way....
Oh Lordy
Strongus, please PLEASE for the love of Peter, post something in the introductory remarks that reminds new users that Grifco has never once done anything they have said they would do. EVER. And for some of those who claim, "they bought global" or "they got into Libya" or whatever nonsense, they have done nothing to prove it.
There is nothing on file with the SEC and there is nothing to show that this isn't some confidence game.
There is not one shred of proof that this isn't a legal printing press of shares, and what "seals the deal" in my books is that there is not one shred of a legal trail for anyone going after the dialer 12-18 months from now.
"Sir, all I did was PR forward looking statements about a spinout, dividend, deals that we thought had gone through etc" As the dislcaimer states, I had no respoinsibility to update those, nor did I ever really consummate any of them.
Strongus I appreciate your desire to be objective here.
Or will this be another raging bull site where longs only is the rule and all others labelled bashers and put on ignore and or reported/TOS'd off the site?
I can't believe you have the gall to show up here pumping this stock and/or company.
You truly have no shame
gfci .123
ctbg .12
No filings
No updates
No dividend
Len:
you gotta be kidding me
yes I don't recall ever seeing a more brainwashed group of "investors" ever in all my years. The more astounding the numbers the more hyped up people get. It's "inevitable" they'll tell you. Then the CEO comes out with an amazing 400% buyout offer from a mystery caller who remains nameless. And will, I suspect. We'll never hear another thing about a buyout, is my guess.
The funny thing is, for the dialer to announce such a thing is ludicrous, but there's actually people dumb enough to believe him!
LOL
Then again someone here thinks Grifco, a 6 million dollar company on a great day, is going to spin out a company that's going to be a billion dollar company in a few short years!
miracles do happen, len!
sheesh
There are things that I know, and things that I can reasonably argue based on all known information and things I can only classify as speculation. I know that your example is a great one. You got a return of 28% annually and then 25% buyout premium. Congratulations! You didn't, however, get a buyout premium of 400% after having the investment lose roughly 90% over the course of two years.
You're getting testy at the wrong individual NOTINDEX.
Feel free to prove me wrong.
Oh, you can't?
clever maybe it's my medical training, where we were taught,
"if you hear hoofbeats, look for horses, not zebras"
out of 30 some PR's in the last 18 months, the liklihood that this one will be the one that's truthful and above board is slight.
I just cannot understand why anyone would do things in this particular order, and manner, if it were really a legit operation.
Think about it.
They fired Mike King of Princeton research and found someone less credible than he was, incredibly as that may sound! Ryan works out of his Chicago apartment! Cheeeeese Louieeeeese!
They've got a previously announced M&A activity that ahsn't been followed up on or untangled, they've got a spinout that they are trying to untangle, and now they announce some mystery buyer whose going to pony up 4-5 times the value of the company without seeing any books?
And you're "dialer buying the rest of the float" is possible, but think about what you're really saying; He's lying through his teeth for his own personal gain. And that would be a good thing?
BUYOUT!
At least the dialer could have made it slightly believable.
maybe 40-50% over what the company is currently worth. Not 4-5 TIMES what the company is worth now. Buyouts just don't happen that way.
I guess he's losing his ability to prop the price up any more so he's getting more desperate.....
yeah.....
Buyout
that's a good one.
Hardy har har
jim dial says someone wants to buy grifco
thats why the price is relentlessly going towards 0.00$
oh that's right it must be the shorts
10Bag
that was 'kind of my point in my previous post.
Every one (ok well generalizations are bad) most of the tone here, has been one of "well lyamec invested 3 Million dollars at .5 so my money must be safe, they're going to protect their investment"
meanwhile people with money and experience do stupid things a LOT OF THE TIME, just beacuse you got millions to toss around doesn't mean you're right, and lastly, there is no way of telling that they aren't the ones pump and dumping, they don't have to file if they sell out, they can call it quits too, and no one would be the wiser.
There's no 13d/g's in pinky land.
summing up; the lyamec involvement is by no means a stable crutch for your investing dollars.
I spoke with a guy from lyamec during the last three weeks.
While not happy, he fed me some line of bullshit, about how dialer doesn't want to release the share count, because then it would show the true value of the company, and then someone would be able to come in and buy the company on the cheap.
I said, that they could do that now, and he said well if you did all the work during the last two years, would you want someone to be able to come in and buy the company and get all the money.
My only response was "wow"
at that point I realized that people who buy 6 million shares of stock can be suckers, too.
I also got the tidbit that he hasn't seen the books, at least that is what I inferred from the convo. I also inferred that he thinks it's some big conspiracy theory regarding libya, the sec holding the books as long as they can and XOM.
It was wierd.
It all gets back to my central premise. They may be making tools, and renting them. If you cannot 1)get the filings done in order and on time, 2)communicate clearly the strategy and show that you are executing your strategy, and 3)establish credibility in the market it just is not going to happen with your stock.
This company has no credibility. They have NONE. They could verify with PWC, that the buyout exists and will happen and people would still be selling the stock as it gets above 30 cents just beacuse of all the bullshit that dial has pulled in the last 18 months.
all IMO
so what's my point?
I cannot be seeing any way that they could even remotely sell the company with the spinout still supposedly in the works. They annouced another merger which we haven't heard boo about, and if someone legitimately offered them 55 MM for the company thay would have taken it in a heartbeat IMO, because of all the FUBAR that's going on. They cannot untangle it with their current auditors and legal, and they won't be able to afford PWC, and so therefore all the PRs are meaningless becuase there's no way to untangle it. It will still be tangled in 2 yrs, IMO.
all this talk about shorts is just a cover
they should have done an IPO if they were legitimate, for all this is costing them.....
the dialer sure got shorty by the balls now!
seriously people, where's BBB, B2B, oracle, etc now, when the company has just seriously BS'ed everyone yet again?
Someone went to dial with a 55 million offer and they could buy the whole company for 4.9 million today? ok well to buy the whole float, supposedly under 9 million shares would probably dry up the sellers to about .35 but still, that's under 12 million including the shares you can buy under 20, probably less than 3.5M to get the float in your hands. You could probably buy 51% easy in this market for under 9 million dollar.
But we're to believe that some moron went with a legitimate tender offer for 55 million. errr ok
and that there's more than one moron. errr double that okeedokeee
there's more than one moron, alrighty............
ehwest!
please e-mail me at spinedr@charter.net
QUESTION FOR EXPERIENCED CAMH'ers
I was posed the question today:
does the MWTA test require any specially trained personall, the training of ACLS, the test require the presence of a "crash cart" and or high level's of supervision. What is the optimal HR, to get valid test results. I think I remember it being 100, but I am looking for documentation for answers to all these test and it's not in the K or the Q filings....
West?
thanks a lot
IMO there are no legitimate, verifiable buyout offers. If someone actually wanted to give $1.5 for this company the dialer should and would jump with both feet. If he didn't, shareholders could tar and feather him for not acting in their best interest.
The buyout offers was likely a "euphamistic" way of talking about something really low key and mundane and also helpful to get GFCI awawy from .10 when the July "fail once again to deliver on promises" time comes, and there's no financials, no mention of spinout, nothing but a few poorly written PR's and fluffff.
JD should take any offer of triple the current price or more and consider it a lucky day for him.........
all IMO, of course
market agrees with me however
mdrd:
A comppnay as small as CTBG/GFCI does not need at all concern themselves with sarbox 404 rules. They are wayyyy too small.
That is not a valid excuse.
IMO GRifco tried to go the cheap route; instead of an IPO they tried to buy a shell. Instead of just keeping their investors informed and told us to waith out the 2 yrs they tried to spin out into another shell. Now they're trying to lowball with cheap auditors and cheap legal.
They just need to stop dicking aroound IMO with penny ante crap and call someone in the big three and start really working this out.
I don't think they want to because they are running a stock selling scam but that's just my opinon.
There's nothing to belie the fact that it's all a scam. There is nowhere that anyone has put their john hancock on anything legal and this is a big red flag. IMO of course.
EIEIO!
(just wanted to do my part too)
peeker,
I appreciate your comment
but I have a question
why do you incessantly jab at me? I don't reply to you with barbs and vitriol, why must you denigrate me all the time. Mr Bill. etc? What I have done to attack you?
Got my bs radar on again
two days ago the company is worth 4 million 6 hundred 80 thousand
yesterday they supposedly get more than one offer for 50 million or more, and the company's worth goes to an amazingly higher
7 MILLION DOLLARS
even so, Lyamec says, weeeeellllllllll I gues we'll see, I mean geeze 50 million from 7 million that's not much more (hmmm 7 times the value) nope we gotta e - val- you - ate the sitchee- a- shun some more, yup just a little more
today the company is worth just north of 6 million
and Jim Dial needs to think if it's worth it to shareholders to sell.
You see, if Jim Dial really had an offer for 7-9 times the value of his publicly traded company, and he DIDN'T take it?
THAT would be when he would risk going to jail for fraud.
IMO That whole story is bullshit and he knows it and the market does too.