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Bets on financials getting done in the next 7 days?
I'm getting e-mails from all over, "Dr Bill what's going on?" "Should I sell, is it another pump and dump?", "Are we going back to $.12?"
Guys I wish I knew. There is something just not quite right about this, the timing of information, the lack of specifics, the stock which should be approaching 1.89 of CTBG at a minimum......
All I can say is what I've been telling you, all along. It's slightly better than a slot machine buying this stock now. They might be getting ready to file, or the papers might still be all over the floor in the office while they party away with Jarvis...
Who knows?
AT this rate all they need to do is push CTBG to about .08 and they've got the ratios.....
9 days, or 6 days to buy for record date.
Do they settle trades made on the Monday for the record, or do they settle trades 3 days before. Any guesses?
Anyone surprised that we haven't seen the upward momentum resume yet? I thought the announcement of forward progress would at least get us to .40 without financials.
At least one thing is relatively certain; shorting grifco after May 1 will be risky business. If I were Jim Dial, I would be waiting outside the attorney's and accountants office daily to grab that filing and zip it to the SEC. Knock on the door every fifteen minutes. "you guys done yet???"
The filing will be the first "real" thing that happens, ever, with this stock and chould get some attentiona nd movement no matter how great the loss, how small the revs. This legal and accounting stuff is VERY expensive. I don't expect a profit. Breakeven would be just fantastic for me......
I guess that the market isn't convinced that it will get done. That's the only conclusion, coupled with the fact that you can still get the dividend by buying up to the exdiv date. The record date seems meaningless at this point, and the things that JD has said still could fall into the safe harbor category...
Is trading halted on GFCI? 4700 shares as of right now....
That's enough. I took all the antagonistic posts and put them away. Including many of my own.
The posts pertaining to grifco, its management, mismanagement, and prices etc remain. I don't want to be part of the problem here, there's enough as it is......
I apologize for antogonizing any people here who are worried enough already.
10bag OK I put them back
People can rail at me all they want. Petty jibes at my name and whatnot are easily overlooked
I saw them as a personal attack whereby I was being critical of a group. I guess if their feelings are hurt enough to attack me I ought to let them rant, eh?
Flame away boys, especially if it makes you feel better! It must have been pretty important to B2b he posted it here twice and even on another board? Amazing!
more disturbing is that we lost the 100 dma
looks like the bears are still in chagre of this one....same ol story
market doesn't like grifco on a strong oil day, something's wrong with management or management's delivery of the story
need to hold 24 IMO. I'm lightening more just in case. Won't go red on this trade no matter what.
Loophole,
I am assuing you're talking about Clever, but I will speak for my end of the moderator thing. I am only going to take down spams and attacks. I am not going to write anything about the company that isn't written in stone, in the summary page. Clever can if he wants to, but I'm not going to take any time to do that.
Disclosure: I lightened today, about half. There is no reason to think that this dividend thing will happen any time soon, and the market is verifying that.
I think that more people will be selling once they realize the full time frame of this event, and don't want to be caught in the equity for months with a "due slip" waiting for them if they decide they want to sell.
I guess, theoretically, it will possibly discourage short sellers during the waiting time, as they can also have to deliver shares of CTBG if they sell in between the dividend record dates and the exdiv date.
If there's going to be a run, I believe it will be once the ex-div date is announced.
RIght now, it's open ended. Might be Christmas before you get your shares and can trade them. Might be end of summer before the ex-div date...
I have my doubts as to whether the filing deadline will actually be met, there's only a few days left.
Peeker:
I would look to post #2291 to answer that question. There are some people who are so well connected that you might say where one's nose ends, Jims rear begins.
Post number 2291 here on this board in effect definitively answers the question. Yes. The shares will be restricted.
This IMO is why the "BIG 5" or however many have been largely silent on both boards lately, they know there's some clouds and they don't want that getting out. They are largely interconnected now, "back channel" I like to call it, that they e-mail, IM, and call one another with the important news, to avoid it getting out into the public at large. Some of them have traded this information and are probably still, also IMO. Unfortunate, but if you're not in the club, you're not getting all the scoop.
Fortunately it's not airtight, it leaks a little. I'll do my best to keep people here abreast, with whatever I can.......
DR BILL
Surprising admissions here on this board
1)the record date is really not that important for getting the dividend, it is the ex-dividend date, which might be months away depending on the status of the 10 form going to the SEC and their Q&A afterward
2)the shares are going to be restricted shares, possibly into the one year from issuance time frame, or up to 6-7 months from now!
This is not exacty great news for people hoping to have this whole mess cleaned up. Yes, it's a step in the right direction, but a small step at best.
Tom Preston: The way it works is that if you own the stock as of the record
date (today, March 22), you will get the special dividend. But you can keep
trading the stock, buying and selling, as long as you are long on the exdividend
date.
Tom Preston: If you buy the stock after the record date but before the exdividend
date, you will get a sort of “when issued” receipt for the dividend
Tom Preston: If you are long on the record date but not long on the exdividend
date, you will get a due bill for the dividend amount.
_______________________________________________________________
To me, this means that the record date is irrelevant. You can buy three days before the exdiv date, and still get the dividend. Another SNAFU from Grifco?
Don't forget that if anyone really is short on Grifco and to the amounts anywhere near what some are suggesting, that they are pros, and that they know every possible way around the rules, they know more about the market and trading than Jim Dial and or Ed Leonard will ever know.....
This is why I'm pushing for a cash dividend, annouced as the record date, and payable within a few days of the record date. It would only take a penny per share and you would quickly find out if there was a large short conspiracy here. You can argue about special dividends of shares, and whatnot, but you can't argue with cold hard cash.....
Issue a cash dividend Jim Dial. Please!
Hate to rain on the "naked shorts got my dividend" theory, but if they can manufacture 20 million shares of grifco on a 7 million float, then they surely can manufacture at least 100 MM on a 50 million float or whatever CTBG is going to be after the insiders are accounted for.........
Maybe that's why they were considering restricting the shares. That would really suck. Anyone heard any speculation on that lately????
There's now 11 full days left to own on the record date, and 12 business days until CTBG files their financials.
I wonder what the holdup on that is. We heard a month ago "the audit's done and financials are ready to go"
Today would be a nice day, with the long weekend for evaluation and for those darn naked shorties to stew in their own juices looking at what a financial powerhouse they've chosen to mess with
Someone posted a theory on another board that the record date is meaningless. As in, if you buy or sell the stock after the record date, you're still responsible for getting/delivering the stock up until the ex-div date.
If that's the case, then this run is done. Until we know the Ex-Div date, which some have speculated is months away at best......
Maybe that's why we're trading below a stock we're giving away as a dividend.......
I am certainly not wanting to be accused of being a "pumper" but I see talk of a short squeeze here and there. Although I have never, read that NEVER seen an indisputable "short squeeze" on any stock, (PTSC comes close, IMO) there is only one way to help your shares gain value;
start buying like crazy
13 trading days left until the record date people. Now's your chance to get shorty !
Grifco should be a dollar right now, and I wouldn't say it if I didn't mean it.
Also "technically", the stock bounced up off its 100 EMA nicely yesterday, so it's a BUY from that point as well. I know I'm loading up more for the huge run the next five days........
BUY BUY BUY
Oracle, I didn't write it, clever did, but if you go to "manage board" function, in red on your options when you'r logged in, there's a new screen that pops up. From there you go to "edit ibox/board info" tab and it let's you put any info into that box you want to.
Contrary to what is being posited on the RB board, I don't see the share price dropping before the ex-dividend date, as buying the stock between the two dates still gets you the right to recieve shares. The stocks should trade in exact tandem during that time, so if CTBG sells off grifco will too, but not just because investors sell it. In fact it's probably a good way for grifco to guarantee people hold their stock...
hey BBB you can put me for 270,000 shares so far
Roland, the more I sit here and think about it, the more I see this as a classic arbitrage thing. The people who are trying to drive up CTBG are likely big holders of GFCI, and know that the prices will reach equilibrium eventually.
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.
Roland, all, The point, as I am sure you are aware, is that GFCI should have a beta of 1.89 CTBG. In other words, GFCI should move 1.89 times what CTBG moves in the same direction, Just like an option, the move should correlate closer and closer as the date of record approaches. The fact that it's not, is slightly disconcerting.
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..........
I ate my tums for the day already, thank you.
I do tend to get emotional when a lot of money is one the line, and things don't act the way they're supposed to. I can't just sit there and watch 60 grand go down when it should be going up, how about you? You must be the stone cold master of your emotions Roland. Besides a few people have followed me into this move from .18 on up and I tend to be a little protective of my rep.
How about you obi-wan, you got any idea why CTBG would be trading higher than GFCI with 13.5 trading days left until the record date, or do you just want to take easy potshots at me all the time?
I'm listening oh wise one
This is WACK
This is why I don't trust pinks, people. CTBG is trading higher than GFCI, which is completely unreasonable.
Unless the market sees more value in CTBG due to ?? maybe the spinout will be restricted for 12 months locking your money into non free trading shares? What about if my earlier theory (the one that clever called me a moron for) about the dilution not being factored in is true?????
Divide .25 by 8 (now .3 for ctbg! - more wack) and then factor in 1.89 share of ctbg for each grifco share, then remove that value from the company of grifco and you're left with about .15 cents for grifco as a going concern?
I am thoroughly confused, and this is not my normal investing expertise, I will readily admit that. Give me a DCF model to run around the block any day- besides this shit......
I'm getting an ulcer
I tried to email you
i've gotten a return e-mail saying undeliverable
it's bltiman@yahoo.com
feel free
10Bag
I'm not saying anything about anyone specific over at RB, but I think that one of the "big 5" pumpers over there, or more than one, for that matter, is working for a P&D outfit trying to dump the shit out of GFCI stock.
They are trying relentlessly to get "you" to buy/hold the stock, even as it goes/went down down down into a crater.
The biggest pumpers often work for the people selling mountains of stock, IMO.
Peeker
call it what you want, but when the stock started its downtrend after the spike to 80 then 60 I saw that it was a long term trend, called it going down, and gave my reasons for such an opinion. I said that until Dial got off his ass and gave us some hard facts, instead of fluff PR's that the stock was doomed. I began saying this about 45 cents, and was right on the money. The stock downtrended to 12 cents two weeks ago.
Then, just as I predicted, we got some firm news. We got a de facto share count verification from the 1.89 number, at which time I said I'm a buyer.
Call it right and I'm a basher, now the stock is going up, and has broken the downtrend, I'm a pumper!
I guess you can feel free to label me any way you see fit, ("jerk" has a nice ring to it, Dr Jerk even better) but being correct and making money is all I really care about, learning from my mistakes is the end goal. If anyone here has listened to me ang got out at 40 and back in below 20 then all the better. That makes me feel good too.
Now I'm on record with a 86 price target, and you're upset about that, too?
sheesh some people will complain no matter what!!!!!!!!
PS 238 is both the 100 ema and the fibonacci retracement number so I'm guessing it's up from here dry powder be damned
April 13, 05 was the day that they announced that they had acquired CTT. The closing price on that day was .35
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.
16 days left to buy and be on the list. Also 16 days to fufill their obligation to us to file the financials for CoilTubing.
Here's a question for the conspiracy theorists here. So we've got this "huge naked position" on GFCI, that supposedly will have to buy the shares before the record date. Else, they will owe GFCI shareholders 1.89 share CTBG for each GFCI they've shorted.
If they got to have those shares in my account, what's to stop them from "borrowing" them (naked shorting them) and putting them into my account just like they've sold GFCI without owning (or posessing) it in the first place.
Can't they just create the CTBG share to stuff into your account from the GFCI short they created in the first place? I mean if the theory is correct that there's a large naked short position, then they can counterfeit shares in the first place and they will just counterfeit new shares of CTBG when they need to.
Besides, won't this have little effect on GFCI when they really will have to run up CTBG to desposit those shares in GFCI shareholders account?
If there's going to be a run on stock, it would seem the product that had to be delivered would be the one to buy now.
Just curious who's thought this through.......
It is not clear that Dial would have done anything without being publicly called out. In fact, history tells us that a previous spat was made public before resolution.
Jim dial has been called a liar, a crook, scammer, stupid, inept, and many other things, here on this board alone, because he wouldn't authorize the TA to release the VERY PERTINENT information about share counts. I know for a fact that Princeton Research put a lot of pressure on him to get that done, to no avail.
He is obviosuly either a VERY stubborn man, or has something to hide.
Let's hope he's obstinant and won't be steered. Although, being the CEO of a public company, he's got to answer to a BOD if they're going to go forward.
I'm not sure he understands that he works for us.
Looks like some true believers who saw their stock go from .12 to .33 in three days aren't hanging around to see if their stock will go back to .12 again
Well, one gap is filled so if you're a betting person, time to start buying
let's hope they're not going to fill the one from 14-18 or whatever
327
241
100 and 200 SMA
17 trading days until the record date for distribution of CTBG shares.
CTBG = .23
.23 (1.89) = .4347
add that to whatever the market values the future of contracts in libya and the other remaining business of grifco. I'll say .10 just to go somewhat low.
so we've got 17 days to get to .53
higher if the short conspiracy is true and there's people who will be buying GFCI in droves just to avoid having to have their money tied up waiting to try to distribute 1.89 share of CTBG to the people who's stock they have "borrowed"....
Clevereox;
here is what I would have asked Jim Dial, as an owner (his boss) of this company
1)why have there been no updates on the Jet Motor in public in 8 months?
2)Is the Jet Motor in the field and how many?
3)Why is there no working phone system in such a supposedly up and coming company?
4)Why is there no energy spent whatsoever on the website?
5)Why is there no verification of the share count from the transfer agent?
6)Why have there been no public updates on the share buyback?
7)Why did the revenue figures and estimates come from Mike King-0 and why haven't there been any estimates for a year now?
8)Who is on the audit commmittee for Grifco?
9)Who is on the audit committee for CTBG?
10)Who is on the compensation committee for Grifco?
11)Who is on the compensation committee for CTBG?
12,13)Same for B.O.D. both companies?
I understand that there is a little private club who sent you money for the trip, and that they are all likely more welcome to the private scoop. I would appreciate knowing which of those questions you got asked and answered satisfactorily, even if you won't share the answers.
Thanks.
Those questions are all very KEY, to running a public company. It still doesn't mean JACK, if Jim Dial sits there and talks about the libya deal, the mergers and acqusitions, the growth of the oil industry, etc etc etc, without a clear and concise plan to sell this POS to the market, and the investment community. Because believe me, if they smell a whiff of scam, incompetance, naivete, weakness in any way, it is shoot first, sell sell sell sell sell more sell more sell more killit killit killit killit KILLIT NOW, and ask questions later.
It doesn't matter one whit, IMO, if the plans are moving forward, if someone still has the nerve to sell 3MM shares a day at any price, we're dead in the water.
The market doesn't seem convinced that this is real, just yet, and my fear is that the market never will.
In the last 6 trading days 18,853,500 shares have traded hands. That's slightly sobering.
rsaday, Now, if you were holding a stock, and you found out some things that made you queasy, would you tell openly and honestly?
Let's say you had $40,000 invested, and you went to the shop and you got the eebie jeebie on a few things, would you come home and scream about it?
I think personally I would sell first. Then tell my friends so they could sell. Then probably to avoid any confusion, I would write a nice little pro-management piece, with little specific traceable information.
I'm just kidding, and teasing, but clever doesn't seem like the kind of guy who would withold information that would help all shareholders to know, especially on a day like today. He'd be singing the world aloud about how it's a steal, etc etc etc. At least IMO. Maybe I read him wrong.
The "I would want Jim on my side in a fight" took me by surprise. I expected more research and intelligent information. Who knows?????
1)I am not a basher
2)I am set(ing) up for a run into the May1 deadline
3)looks like you're the basher oracle, calling for a drop to 20. hope everyone doesn't cut you out of the loop for that abviously negative biased call.......
I just mad cause I didn't have a 259K bid in....
what's your excuse?
Besides, I didn't really expect the market makers to let this one run without shaking out a few of the weaker hands. Thus my "fill the gap" call, earlier this morning. Another few minutes ought to get us here.
You guys all shot your wad too early, now you can't support this with dry powder. At the mercy of the evil shorts and marketmakers, you are.
a 259,900 print at 25
ouch
OK
I've got half position size now.
Any you jokers want to let me in on the reasons why to load up with the other half, let'er rip.
I can support a modest dumping if I want to but I'm not about to catch a million shares on the way down.
Most of the support today came from me.
Boy oh boy I hate to say this....
imagine the blustering and flames a'commin my way
There is about 85% chance that we're going to fill that gap, boyz and girlz.
and I'm not talking the one from 2750-2950
B2B
Dammit man, you're so close to asking a great question:
I can't see any reason why Dial went totally quieton share count, product info and operational updates other than to suppress the pps. Can you?
What else might Jim Dial be trying to suppress?
c'mon b2b, you've clled me names and ridiculed me, now humor me, what else might JD be trying to suppress?
thanks......if you do.....
I cannot get a fill for my order at the bid
there's no selling yet
ctbg .22 (1.89) + whatever premium gets as an ongoing concern after they spinout the jet motor.
Worst case scenario is that people were betting on GFCI having 100MM shres or more outstanding, and the fact that they are hinting at 37 makes GFCI probably worth twice what it was, about 30 cents. Since the spinout was in question, GFCI was probably priced in the range it was just as itself, so we might just be adding value from next to nothing. Price the addition onto .35 and we get .61-.66 pre share of GFCI.
So if there are people who are covering from this news that's conservatively where they're pricing the upper end of GFI right now, until more news comes out.
I'm still a buyer at these levels.
I said if you're going to use title. You think you're the first person to call me names? Hmph. It's "dr Jerk to you"!! LOL.
I was going to remove your post as a personal attack but if you want to demean yourself publicly, that's fine with me. You'll be happy to know I've bought another 100,000 shares today. Average about .25 so far. How's your position? Still got the snorkel?
That's a big 10-4
stockpeeker, no,
and it's "Dr Bill". If you're going to use a title, please use the right one. Otherwise "Bill" is fine with me.
Thanks
PS it looks like unless we take a major DUMP, we'll close above the 100 SMA for the first time in 6 months, excluding Jan 21st which was a black spinning top
this IMO means that GFCI is headed to .40 before any significant breather