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I'm not gloating hank.
I've lost a lot of money and a lot of time. I had such high hopes for this but it's proven true what "mainstream" finance says about the pink sheet market. There's no way to tell who's a crook and who's a legitimate businessman cutting his teeth.
There are some people who are at RB claiming that they dont believe me about my positon or whatever. Who cares?
The claims that the stock has gone ex-div today, is absolutely not true. If so, it would have opened down, not traded down. I'm backing way off here as my time is not well spent any more on this endeavor.
I'm sorry if I hurt some people's feelings here, I was just doing my best to call the shots as I saw them. I feel for anyone losing money who once believed in Grifco and Coil Tubing.
Don't lose all your money. I did that once in a stock, and while a great learning experience, it took a LONG time to regain those funds. Almost 6 years.
stocksbonds:
Now you're starting to sound like me.
I cannot get out of this sh%t fast enough now. Luckily my first real re-buy was in the 18-19 range so Im largely out intact, might lose 10G. Good lesson AGAIN about trusting pinks. Saving enough shares to show a total loss for taxes. BBB reduce my share count to 45,000 cause that's where Im headed.
I don't think there's any likelihood of stock dividend. IMO.
should be interesting to watch this trainwreck, anyways.
I saw the post where someone invoked rule 220
§ 220. Inspection of books and records.
(a) As used in this section:
(1) "List of stockholders" includes lists of members in a nonstock corporation.
(2) "Stockholder" means a holder of record of stock in a stock corporation, or a person who is the beneficial owner of shares of such stock held either in a voting trust or by a nominee on behalf of such person, and also a member of a nonstock corporation as reflected on the records of the nonstock corporation.
(3) "Subsidiary" means any entity directly or indirectly owned, in whole or in part, by the corporation of which the stockholder is a stockholder and over the affairs of which the corporation directly or indirectly exercises control, and includes, without limitation, corporations, partnerships, limited partnerships, limited liability partnerships, limited liability companies, statutory trusts and/or joint ventures.
(4) "Under oath" includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state.
(b) Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from:
(1) The corporation's stock ledger, a list of its stockholders, and its other books and records; and
(2) A subsidiary's books and records, to the extent that:
a. The corporation has actual possession and control of such records of such subsidiary; or
b. The corporation could obtain such records through the exercise of control over such subsidiary, provided that as of the date of the making of the demand:
If I had time and or more than $20,000 that I was determined to get reamed or rich as some here seem wont to do I would pay an attorney $200 to wrote a letter to big Jim and say I'll be there in 10 days please have that information ready for me to view.
There's no excuse these days to watch your money pissed away like this.
Or it could be those dratted shorts.....
yup
"The distribution will occur when CTT receives acceptance of its SEC Form 10-SB, which is expected to be filed in April 2006."
It's now April 32nd! If they don't hurry they're going to be late again!
Last time we heard anything about financials it was due September 2005. It's september 163rd 2005 today. Where's those financials?
Think they'll at least tell us something about the next big meeting with Venezuela?
It is my opinion, according to the wording of the div PR, that the Ex-Div Date is tomorrow.
-------------------------------------------------------------
This is clearly wrong. When stock goes ex-div the value of the company is subtracted or reduced by the amount of the dividend.
Since there cannot be a negative stock price the value of the CTBG cannot be taken from the value of the GFCI share, for one. Secondly the value of the dividend cannot be ok'd by the SEC and the various agencies to even determine what the new price of GFCI can be. WHY? no financials. AND if the price of CFGI is reflecting the price of the CTBG shares, the CTBG shares are not reflecting the 8:1 dilution coming when the SEC declares the shares effective
SO, since Mr Leonard could'nt explain the most mundane intracies of how a stock dividend actually works, I am almost positive that the record date, CANNOT be today. The Ex-dividend date CANNOT be tomorrow in any way shape or form.
AND, my guess is that Jim Dial when pressed publicly by Lyamec, decided to try some short term pumping measure to see if he could get the stock price back above .15 to keep Lyamec in the game. I am guessing also, that Lyamec has threatened to pull their money (sell their shares) and their influence if they didn't get off their asses and get something right.
Today's the record date!
In order to get those shares of CTBG in a dividend spinoff you need to hold your shares at the end of today.
Of course they haven't given you anything with which to base your decision on, unless it's a bunch of vague nebulous PR's with grammatical errors and incomplete sentences.
So, it's up to you to have "insider information" and be able to talk to people in the various oil companies who have seen the tools and know of the rental rates and numbers of tools, or it's up to you to trust The Impeccable Record of Jim Dial to do what's right by all shareholders, at all times.
Seems to me that posters often report that they have talked to CEOs and other Company Officers. I don't remember seeing anyone on those Boards attacking the offending posters for trying to gather insider inforation, yet you both go after BBB for talking to the powers.
-----------------------------------------------------------
well yeeee hAW
as long as everyone does it well it ain't hardly wrong at all
oracle
dude think about what you're saying. Prick or no, I feel increasingly uneasy about holding stock in a company whose management and majority shareholders are not above sharing pertinent information with certain selected and favored people. Among the legitimate companies of the world this is called breaking RegFD, and it is taken very seriously. In fact, should I decide to sell the rest of the GFCI stock I hold, and then miss a run that others catch because of this inside information that you have been given, I have one heckuva lawsuit on my hands.
Did the company make statements to certain people about the status of filings, and or deadlines? Reassurances?
Highly illegal behavior if so.
True?
Like me, hate me, admire me or pity me I know the rules here and there's a good chance they're not being followed, if what you say is true.
I want a good company with honest management, and I'm fearing that this is exactly what I've NOT gotten into, instead a favorite playing group of all hat no cattle types.
Think about Lyamec. The ultimate insiders with a huge PIPE at .50. They had to issue a PR spanking to Jim Dial to get him to open up and take this thing seriously. Then he says, filings by the end of april. He told me and others "filings by Sept". Now he's missed another deadline. Without a word, BTW.
Great tools and great sector, is only about 10% of the way towards a great stock investment, and there isn't much of the other 90% present. Is there?
nope, not IMO
hey loophole
I'm still waiting for her to answer your question, aren't you?
Could you give us an idea of how many tools they have in the field? The rental rates? etc.
She doesn't know. I'm betting she hasn't a clue. She's long on hype, long on sermons and flowery speech, short on specifics. But she "knows" GFCI will maker her rich!!!
re: BBB
I don't hunger for that honor. You may, but I don't! My honor comes from far better things. What do I mean? It is a far better thing for man to hunger for the honor he is able to receive from those who are superior to him, as opposed to those who are inferior.
You're starving dude, or should I say dude-ette. You haven't even come close to earning my honor. In fact I kinda consider you the ultimate pumper scumbag. Your claims of industry contacts, people in the know, your own "special" brand of insider information, which when pressed further, you're reply is always "im not telling! nanny nanny boo boo" and endless drama pamplona bulls and insolent whateverthefuck you're babbling on about makes me sick. O' verily I say unto thee, thou grand drama queen, calling people Thomas and insulting those who are leaning on you, for investment knowledge even though you're a nearing middle aged woman who got lucky with one or two stock picks in a bull market!
If you're hungering for the honor of those superior to you, take a freaking good look in the mirror and ask what the price is for misleading these people all this time. People earn my honor for being honest stand up men and women, and you, lady have not an ounce of honor. Not one.
Notice how many posts this week on RB and ihub BBB had, up until Friday, and then notice how it jumped on Friday. Trying to pump up her "investment" so you all won't bail when the company stiffed you yet again
People I can say with utmost assurity, don't listen to BBB for any kind of investing advice.
She's full of shit.
thank you loophole.
That was very kind, and thoughtful considering I've never said a word to you, not once.
I've decided that it's probably not the best thing for me to be moderator of this board. It's causing too many problems. I've asked to be removed, at least temporarily.
Regards,
Dr Bill
FWIW worth, I don't expect to see a filing in April either
there ya have it folks
the "insiders" had the scoop all along
no wonder the boys haven't been pumping lately! THEY KNEW AND DIDN'T TELL YOU!!!!!!!!!!!!!
WHY???
I'll let you figure it out
and for your information, I spoke with him Wed. Clever can verify that if you want.
I still thought that the record date might afford me an opportunity to have a successful trade, yesterday. Now I'm not so sure we're not headed back to .12 and below.
The silver lining is that my account can use some capital losses as I've got some monster gains to offset.
Can't wait til Jim Dial gets grifco to the national market! AMEX here we come!!!
blue, one more time, as I remember it
hi i was wondering how you're coming on your financials that you're going to be filing this week
E: we're not making filings this week
well that's what the deadline said, it said by the end of april
E: (to someone else) can I have that paper please? yeah you need to read it carefully
I did. it said april 2006, and friday is the last business day of april 2006, does that mean you're telling me you're not going to be meeting that deadline?
E: well you need to read the whole thing. it says "expects to file in April 2006" and we're working on it. the lawyers and the accountants are working on it and we're doing our best
ok can you explain to me the record date and the ex div date
and then it went downhill with him refusing to tell me the transfer agent to have AMTD get in touch so that they would be able to explain it to me, and basically being a real asshole
Now, I am the first to admit that I can be abrasive, amotional about money on the line, in your face, etc
but there is one thing I absoutely am not, and that's a liar.
Thank you very much.
Len actually I do this to kill time between patients and I focus exclusively on three or four stocks, this is the one and only (and probably last) pinkie I ever looked at Im holding long shares of GFCI, ZONA, looking at incresing my holdings of IVAN, CAMH and a couple others, looking to re-enter BLTI after I short the earnings report etc.
This board and stock fascinates me because I have never EVER seen such blind faith in a management team that repeatedly kicks its investors in the teeth yet they ask for more more more
from trim a lawn to litfiber (yes jim dial was in on that one too) to Grifco where it looks like he conned his way into the coil tubing market by buying out a majority shareholder on two unsuspecting business naifs, this guy has people foaming at the mouth to give them yet another missed deadline and more flimflam and people are so in love with the stock that they yell at me for criticizing it......
BBB, when did I say that it was today that we spoke?
and it sounds like the same message
"read it carfeully" what I heard too
"Forward looking statements"
"doing our best"
"unlikely that it will be actually by Friday"
What I "heard", from having many years of investing experience, and countless conversations with CEO's CFO's during that time, in his words in our conversation, not even really "between the lines", was
no way jose
that 10SB aint commin out tomorrow and it ain't coming out April 2006!
have it your way peeker
for all you know I've got one handle for each of the ihub boards Im on
or this might be the focus of my investing career
or I may be a lonely shut in playing games with anyone who will play
or I may be killing time between patients and reports
BUT I would put any money up against any of your money that we don't see jack shit in the way of filings from CTBG by the end of the month.........
rsady, no I'm on record as having bought over 500K share within the last two months. I wanted to see where we were trading as far as bid support. There wasn't any.
But, if you want some interesting information, I spoke with Leonard on the phone and he told me that there wasn't going to be any filing by the end of April.
You should read Hank's post from earlier today and see if there's a glimmer of understanding.
You don't want me to empty out my account, believe me, with the bid support I found (none) my holdings liquidated quickly would take us (you at that point) less than 18 or lower......
I am looking at what kind of buys my broker can line up, cause I dont like the looks of things if the filings don't get done.
Maybe they'll get another shell to trade into....
I dont know why I trusted JimD in the first place! But you're stuck with me, that's for sure. I couldn't get out now if I wanted to!
Houston, we may have a problem
for grins, I just tried to unload 35,000 of my shares to see where bid support was coming in.
I had to lwer it to .235 to get a fill faster than 5 minutes and that was in pieces, there's nothing underneath this one people, good luck
Peeker, we're in for a monster day IMO
I'm not selling unless the stock gets overvalued. .75 is my target so when we get close to there I might think about it. Unless, of course I change my mind. Then I'll give roland some more reason to take pot shots at me......
So, in a normal dividend (nothing normal about this one at all) the stock goes ex-dividend 2 days before the record date. This is clearly not the case, cause we're not going to open negative which would have to happen if we spun a 17 million dollar company (.21 * roughly 85MM sh) out of an 8 million dollar one(.28* 37.5MM sh) *we'll leave BBB's dollar a share comment alone for now*
so we'll see further running today. I think today will be the big move, as the filing is due by Monday.
Once again, there is no three day trade settlement on the record date, because they're back dating it probably 90 days minimum d/t the filing having to go through Q&A and acceptance. So anyone buying for the dividend has until Monday to get in. Right now, the dividend would be worth 1.89 (.21) plus grifco's intrinsic value give it .35 to be really generous so that's .75.
We've got two days to get there.
Buy your assess off people, you want t short squeeze? get going. Momentum traders come in above 35
I talked again to Ameritrade, here's the deal from a third tier dude. I'm waiting to hear from the fourth tier. #3 said that if the stock doesn't go ex-div tomorrow, then the only day that matters for selling the stock is AFTER the record date. Selling short AFTER the record date puts the hook on you for the dividend shares. Buying stock for the dividend, you need to hold on both the record date and the ex-div date otherwise the shares might not automatically follow your account. IF we needed to hold the stock for the ex- div and it's tomorrow, then you needed to have in your account on open this morning. 4th tier is supposedly going to call bloomberg and the SEC to verify that this is for real, also the transfer agent if he can find the name of that person/entity. I might let you all know what he tells me.
So if we dont open way down tomorrow (which we cannot since it would be negative) on the stock going ex-div, then the big runup will continue because retrospectively in e-accounts the 3 days settlement doesn't matter. Monday is the day, and we're seeing preludes to a huge run into Monday. all you people who want to put a short squeeze on then now is the time to buy tons of this stock. Period.
This is all my opinion and I'm not sure if what the AMTD guy told me is true. I definitely could interview and get a job as 3 tier or higher at AMTD after all that conversation....
now get buying y'all
buy signal just confirmed
anyone short on the record date owes the dividend and there's no shares for sale of ctbg without running it up huge
Between here and monday we're going to have a huge run.....
IMO of course
Just perused at the RB board. Although it's largely a waste of time most of the posts with someone named oliveoil talking about penis transplants and whatnot, I was surprised to see a complete lack of posting by any of the people who were rah rah'ing during the past yr.
txtowers
bbb
b2b
kennerflip
clevrrox
oraclewizard
etc
maybe these are all alias's of jim dial, jerry griffith, jerry swinford etc
I sure don't see any pumping now, and am surprised that they largely said BOO publicly in a long time! This was supposed to be the time of year when grifco rocks and rolls isn't it? If I would have told you a month ago that on monday the dividend record date the price of gfci would be .22 and ctbg would be .19 would you have bought? held?
Also disturbed that the company hasn't issued clarification about the filings, the dates of record and ex-dividend, and share counts. They are looking like they REALLY don't like shareholders, at all.
There's about 4 discouraged people posting to one another at RB and this board is largely silent. Hmmmmmmmmmmmmmmm
10bag
I thought it was a dollar a share! oh well, 60 million private sale of one division of a 8 million company would definitely be a better business decision for them at this point. That would make TOTAL sense. Maybe that's why they haven't filed or alerted anyone in the broker/TA business about the spinout/dividend shares, they've cancelled the whole thing. I would be much happier about that, myself. Sell it, give out a one time dividend of $2 per share and keep 20Million in the coffers. That also keeps grifco's share price about the dollar level assuming they do have other business. 80 cents a share roughly in cash and ongoing business of what? 800,000 per year is what it looks like from the stock price!
Great thinking!
Let's just assume that all the talk about settlement dates and whatnot are just talk. You buy the stock on or after Monday and get the dividend, up until the stock starts trading ex-dividend. You sell the stock on Tuesday and owe someone else the dividend. Forget the three days settlement thing. Which is my suspicion of how it's going to be if, and I do have to say this, after my talk with AMTD yesterday, IF THIS WHOLE THING ISN'T ANOTHER PUMP AND DUMP THING, ANOTHER EMPTY PROMISE FROM JIM DIAL WHICh IT VERY WELL MIGHT BE FROM THE LACK OF FORMAL PAPERWORK ON THE DIVIDEND SPINOUT THING
We've now got Wed, Thurs, Fri, all weekend, and Monday to review the filings, if they are done sometime today. That's pleny of time to make a good decision on what the value is and whether or not to hold onto the stock for the dividend and ownership of CTBG shares. Ed Leonard worked for a public company for a long time. He should know better than to wait till it's too late. IF they needed until May 15th they should have said so, and filed an extension. They have a chance to prove to any naysayers, "hey, this is complicated, but we care about our shareholders, and are eating this elephant one bite at a time, and we'll get it done"
or as we say around these parts
git' er done boys!
Let's see those financials!
OK now here we go.
After having my position to the "uncomfortable" level, not really screaming greedy panic that some of you have, (IMO) I called Ameritrade.
Get this.
They have no knowledge of any kind of dividend whatsoever. There isn't one planned. There is no registration, no filings, no mention of a transfer agent taking control of the dividend. Nothing. NADA.
This is why the stock hasn't gone anywhere.
According to a refernce from anotherpost, one knowlegable poster opines that CTBG is worth a dollar a share, and here we are expecting grifco, a 8.25 million dollar company,
to roll out an 85 million dollar company!
and here we all sit with our hands out.
I'm just as bad as everyone else! LOL.
The age old adage, if it sounds too good to be true, short the shit out of it, you'll win 9.89/10
geezum
my greedy ass got me 675K shares of this POS and there's no dividend in sight. CLASSIC!
(PS sparky what the fruck does ieeee mean?)
Hate to lose my negativity here folks, but I'm buying at this level. I think that the traders are coming in for a run into the record date.
I lightened by about half at .28 now I'm picked all back up again plus some at .21- .225
let's get those shorters to the moon rah rah rah
Roland,
no
allmanchase, be careful pretty soon you'll be labelled unfair, off balance, and a negative assho)e.
On another note, where the heck are my financials? Right down to the wire, if at all, I guess.
Where did the "end of April" statement come from? Ability to get the job done, or coinciding with the "record date" that is completely meaningless...... ?????
Positive? Negative? Fair and balanced?
2269 The price of GFCI has got to be a function of share value of CTBG taken into the mix. The higher CTBG goes, the higher GFCI has to go to catch up, looking like into the $1.00 range.
2267 These people might think that they can kick CTBG's ass, therefore lowering their exposure to a GFCI short position. Either GFCI has to go up, or CTBG has to go down, to reach the final destination of 1.89 + GFCI value.
GFCI should be approaching a dollar with this recent move.
Jim Dial, if you're as big as they say, and you are the MAN, declare a cash dividend with the shares. Even a penny will get your stock above $2..........
2249 If we assume that was accurate, then the price of grifco after the spinout of same, would be 1.89(CTBG) + .35 or about .86
We should see the price approach this point in the next three weeks.
I feel that this is accurate, additionally, because it is exactly where the 52 week high sits.
______________________________________________________________
I'm not sure where it says that the "moderator" of any forum has to be high on the subject of that forum.
The above links and quotes PROVE that at times I am very positive about grifco and GFCI. No one can say that I am negative after that. But I do call a spade a spade and if it's boolsheet, or bolsheet in my opinion I'll say it.
LOUDLY
As a moderator I'll pull posts that are simply derogatory to other posters. Including my own. I'd say that's fair.
That's the most ludicrous thing I have heard.
I would say ever, but I've heard a lot of bullsucky in my day. That's absolutely ridiculous and laughable.
"industry contact"
"One of the respectable offers was even as high as $20 million. Now, this is while it was a private company!
Had CTT been a publicly traded company then, as it now is, that tender offer would have easily been around 3x higher"
SIXTY MILLION DOLLARS!!!
woooo-hoooooo
LOL, thanks that was a good one
Great!
Well then there shouldn't be any delay to the fialings getting done by the end of this week!!!!
Maybe the Government of Libya & NOC set up the formal grpound breaking for the manufacturing facility this week. And maybe Lybia and the NOC don't schedule their events around CTBG's filing plans.
Well I highly doubt that the Libyan government NOC set up the formal ground-breaking within the last 3 weeks. Which is when they announced the filing of these papers with the SEC. So the plans for the ground-breaking (if that's the truth about why he's there, no PR about it though- I would have thought a formal ground-breaking would have gotten mountains of play) were already set when they announced the filings "by the end of April"
So maybe they didn't expect this to be taking this long. Maybe theya re getting bad information from people they've hired to do this work. Maybe they were guessing about the filing "on or before", date.
Once again, though, it doesn't show a whole lot of competence.
Either horrible planning, or the ground-breaking story someone is obviously feeding you is really wrong.
I sure would have wanted to know if the ground-breaking of this huge deal is going on this week.........
Heck they announced when Griffith went to Venezuela didn't they? and that was for something much less mundane than a trip for a formal ground-breaking, although he was supposed to be announcing a major order at that time?
On another note, I'm just calling it like I see it as a poster. As a moderator I was trying to keep the civility factor up. Although once again, things start to get hairy with your mother lode investment, and you come at me with insults and criticism. Pretty predictable, IMO. BUT, i'd better be careful, I might have to censor myself again
:)
Well, it's finally crap or get off the pot time. Announcing filings and a record date, will go down in history as the time that GFCI, CTBG Jim Dial, put themselves on the line, set a definite date.
Sad thing is, IMO, there will STILL be a few "investors" that will make excuses, and tout the "buy more lower" strategy, "ive got friends in the business" party line, if we don't hear anything from either company this week.
"o like a sure thing that just takes its sweet time, surely as the sun rises in the east, no matter how many bumps in the road, this pheonix will rise from the ashes like a train rolls downhill on a straight track, this will make your life richest beyond belief you can bet the farm and your bottom dollar on that, my friends"
or whatever...
They've got 5 days to regain any shred of credibility that they once might have had.
tick tock Jim
(for the life of me I don't know why he's in Libya this week, of all weeks- well there's one obvious reason but let's not go there yet)
CTBG is a much better play!
AFter ruminating on this for a day or so, I think that the intelligent "investor" (loosely applies to a pink sheet owning person) will be buying CTBG instead of or in addition to, GFCI.
Reasons for this include but not limited to:
CTBG is supposedly due to report this week. Now, if they are anywhere close to breakeven, just the fact that a pink sheet company reports is a HUGE attention getter. CTBG stock goes up for that reason. The numbers reported will be based on 87 MM shares or so, but the scarcity of shares applies to the 10-12 MM that are currently free trading. The shares being given to Grifco shareholders are tied up for at least 90 days, in restriction. You want shares of CTBG you're going to be buying one of the 10-12 million and leave the 85 MM out of it. Shares of CTBG go up.
Lastly, if you want to hold grifco stock but don't want that dividend due in the event of a sell, you're better off buying CTBG shares now to hedge against that LONG LONG LONG shot that CTBG continues reporting and starts showing growth. And if you're a holder of GFCI on the record date, and decide to sell, you almost HAVE TO BUY CTBG to have in your account in case something wild happens and they make something of themselves in the meantime......
In fact, if grifco tanks, and CTBG starts going through the roof, owning Grifco is like being chained to a sinking ship. You cannot sell it or take the risk of owing someone 1.89 shares of CTBG.
IF you don't think that could happen, then look at how they are priced right now. Dead even instead of a multiple.......
CTBG is the much better stock to be holding as this event happens or not.
thoughts?
CTBG is a much better play!
AFter ruminating on this for a day or so, I think that the intelligent "investor" (loosely applies to a pink sheet owning person) will be buying CTBG instead of or in addition to, GFCI.
Reasons for this include but not limited to:
CTBG is supposedly due to report this week. Now, if they are anywhere close to breakeven, just the fact that a pink sheet company reports is a HUGE attention getter. CTBG stock goes up for that reason. The numbers reported will be based on 87 MM shares or so, but the scarcity of shares applies to the 10-12 MM that are currently free trading. The shares being given to Grifco shareholders are tied up for at least 90 days, in restriction. You want shares of CTBG you're going to be buying one of the 10-12 million and leave the 85 MM out of it. Shares of CTBG go up.
Lastly, if you want to hold grifco stock but don't want that dividend due in the event of a sell, you're better off buying CTBG shares now to hedge against that LONG LONG LONG shot that CTBG continues reporting and starts showing growth. And if you're a holder of GFCI on the record date, and decide to sell, you almost HAVE TO BUY CTBG to have in your account in case something wild happens and they make something of themselves in the meantime......
In fact, if grifco tanks, and CTBG starts going through the roof, owning Grifco is like being chained to a sinking ship. You cannot sell it or take the risk of owing someone 1.89 shares of CTBG.
IF you don't think that could happen, then look at how they are priced right now. Dead even instead of a multiple.......
CTBG is the much better stock to be holding as this event happens or not.
thoughts?
sparky it's nice to see you adding at least a slight little bit to the conversation
WTF does ieeeeee mean?
Here's something else "negative"
Purely irresponsible, negligent, and just plain inconsiderate of GFCI to put a record date for owning shares and wanting to recieve a dividend without knowledge of how long until the filings and information would be available to shareholders.
Now, if speculation is correct, (and if they don't release today) the earliest you'll have information is Monday, (not holding my breath) with 2 days to decide what to do.
How risky is it to be in the stock, with your money potentially "held up" until October and no information.
I am now looking at whether I want to be in the stock at all on the record date, if they haven't given me jack crap as far as information to decide on.
You're now faced with risky business of being tagged with a potentially huge upside if you sell and owe CTBG share to whoever grabs your shares. Grifco is in the position to hold shareholders money captive, MAYBE without getting you financial information on the dividend value you'll be recieving.
They should have waited until financials are done. Then announced a record date. Doing it based on guesswork, or at the very most allowing us to have 2 days to review and decide is just piss poor shareholder relations.
Now, there's no wonder why there's downward pressure on the stock. IF CTBG stock goes up, and you've sold your Grifco for whatever reason, you might owe someone multiples of this penny that you've gottten tired of waiting for. There's more reason to sell in the face of this situation, than to buy much less hold.
But it must be the "shorts" driving the stock down!!!!
Flame away!
bagger I must object
"seem to be negative on GFCI" ????
Take a best fit line, better yet take the 200 DMA average for the last 1 yr 4 months. It hasn't even gone flat, much less turn up. If I'm posting here and posting my postulations as to why, or asking questions as to why, it's not "being negative" it's pointing out that short term, a management team cannot make much difference in the stock price, short of fraud. This management team has been given a historical run on the price of Oil, the industry whereby they're supposed to be servicing, yet their stock goes down down down.
See WEL lately? Leaonard's old company is on a TARE lately. This is what GFCI management is passing up, yet by pointing that out I'm being negative?????
Simply put, that's "bussssshit"
As for the posts, there isn't one that's been removed that's been pro grifco. Hell I haven't removed one that has been about grifco even a little! The ones I removed (more of my own than anyone elses) were simply being uncivil about other people/posters.
Draw that best fit line, and then tell me what there is to be positive about during the last 16 months.....
Why does it have to be "shorts" all the time with this stock? SHORTS THIS
SHORTS THAT
That's all we hear. Why can't it be the fact that people who bought the stock are selling because there is a falling stock price. More sellers, people who are tired of seeing an endless downtrend on this stock, no matter what the news, no matter how Grifco spins it. Shorts shorts shorts. Geezuzmaryandjoseph. This company hasn't proven anything, at all, yet. A bunch of delays, and garbled poorly written PR's about Libya and other hard to determine places that may or may not be developing in the real world into business for this company.
If I were someone thinking of buying a meaningful position in this company (like Lyamec supposedly did) I would take one look at the shitty website, one look at the phones tree that don't work, or don't get answered all the time, and I would laugh.
Yet the stock price goes down because of "shorts".
Realism is a tough thing people, but the truth is there's not any reason to buy this stock, and when there's no reason to buy, a company's stock goes down.
Very disturbing in the face of $74 oil.
Give people a reason to buy, besides some supposed record date which really doesn't matter at all, and the price will go up. "GRifco comments on the trade show" don't cut it.