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cleverrox
it's not ctbg that I'm convinced has 300MM shares or more outstanding.
It's gfci
and the market agrees with me
we'll see, i hope not, for your sake and your sake alone. You're one of a few people on this board who have continually treated me and my opinion with respect.
I found a really funny post on RBULL.
Here goes:
I am still buying up shares (you know, kinda like Grifco) as I go, so I really don't want to say anything with real substance in it that may cause some undue upward pressure in the share price of GFCI. This may explain much of the silence -- my silence -- over the last few weeks. BBB
I think I am not the only one to have a clear picture of the actual scenario.
Grifco is giving away a company that they just bought a few months ago. Who are they giving it away to? I would bet a dollar that more than 50% of it is going to Jerry Swinford. Maybe more than 75%.
Look at the bigger picture here people.
The registration filing at the SEC could say a billion shares (just pure speculation on my part) and Swinford could have 700 Million of them. 50 million to Dial, 50 Million to Jarvis, 50M to thr griffiths150MM to the unsuspecting public who keeps buying more even with all the red flags up.
I think, more than ever, that Grifco was just a figment of everyone's imagination. Those shops belong to CTT and you own a very very small part of CTBG comparatively.
ALL IMO. All completely legal, too I might add.
That could be why Dial won't authorize the TA to release OS numbers.
Any other legitimate reasons?
Houston, we have a problem
I am really glad I finally called it quits on this one. The scenario keeps getting clearer the more people I speak with.
IMO, there is NO HOPE for grifco stock
gotta hand it to JJ and JD, who appear to have taken $4000 of my money. Thank God it wasn't $9,000 more.
OT GO ZONA!
ZONA triples from here, IMO. Very risky, except compared to pink sheet scams.
back2basics
Don't you find it slightly suspicious that Dial will tell "friends of the company", on the telephone, how many shares there are outstanding, but for the past 12 months he refuses to authorize the transfer agent to release those numbers to you, the owner of the company?
What about the fact that he won't say anything about the number of shares you'll get in the dividend, just some talk about "the same percentage" Then he's there spoonfeeding BBB all that about restricted shares....
What about the fact that Dial had a PR saying "2 MM per month from 50 Jet Motor" but he has a very cheap, generic website that probably cost $500 and isn't even maintained?
Why do all these things keep happening?
I just went to Google earth and typed in the address for Grifco's global headquarters. Someone's swimming pool. Maybe it's an old picture.
to kennerflip:
yes you went there, yes Dial was there, who's to say you really own those assets?
Might have been Swinford's all along, and he just rented it to Dial and Jarvis.
Yeah?
You can set up a corporation with a PO Box and a $250 application
ok, now they sold ALL these shares to the public, of GRIFCO
now they give swinford his company back plus cash, which he needed to get the JM up and running, plus all these non registered shares, plus a couple million real tradeable shares of CTBG. Now they realize OOOPS we cannot file for grifco EVER, it's just too messed up and costly.
Swinford walks away scott free, after all he never told anyone anything about grifco, and he got "screwed" out of 20 million CTBG shares that are now worthless, never to trade again. and GRIFCO closes up shop. SORRY boys we lost our contract, and the jet motor was swinford's to begin with
swinford "plays" the fool, and Dial never really did file anything with the SEC did he? And well then there's the lies he told to shareholder to get them to buy the 200 Million shares they just sold to the public, well shareholder class actions suits go a LONG way these days don't they. Hell, companies with legitimate boards get away with shit all the time. Think they are going to protect people who bought a PINK?
This is all speculation but....
well?
yeah maybe swinford got "tricked" too
Anybody ever scare up a "real" bio on Big Jim Dial? I mean you don't jus go from obscurity to being the CEO of a publicly traded company do you?
He's got to have worked somewhere, right?
I bet Jarvis cooked this while thing up, 2 years ago, and knew just how far greed will take people into the land of make believe
hey sparky lets just hear one intelligent thing from you before I go OK?
I am out
IMO Grifco is a figment of Jim Dial and John Jarvis' imagination
there is nothing but shares for sale
if Dial disappears Swinford is left, and he might have a legitimate company, but the shares that grifco spins out may NEVER be able to be sold
they sold you air people**
and you paid top dollar at that
** me too, don't feel bad
this is all IMO
maybe they were change-a-tire before they were trim-a-lawn
the more I thing about it the more that "grift-co" comment sticks in my head.
Jim Dial as CEO from Murphy Brown citcom
Jerry Swinford (swindler)
Pamela Fugitt-Hetrick "pam fucket hat-trick" as the web-based stock pumper
trim a lawn to paintballs to revolutionary $1800 miracle tool that rents for $5000 per day and gives wells a 25% boost in production
these guys couldn't have picked a more colorful existence if they tried.
im not saying that it's all a scam, but if it turns out to be, boy, won't we look like deserving suckers!!
at least there's this....
MARKET MAKERS TAKING OUT ALL THE STOPS BEFORE THE BIG RUN, WANT TO GET CHEAP SHARES AND WEAK HANDS OUT OF THIS ONE TODAY!!!!!!!
the action is a little disturbing today isn't it????
wow someone just put a hurtin on grifco stock
somone just unloaded 400,000 shares, and couldn't do it faast enough
anyone we know?
Hank
There are two different issues here.
Read this PR by BioLase technology.
http://ccbn.tenkwizard.com/filing.php?repo=tenk&ipage=3916700&doc=1&total=&attach=ON...
These shares were given as a result of the settlement of a patent infringement suit. They were declared effective a long time ago, but before they could be sold, they need to file an S1/A and wait for the SEC to ok it, and to register them.
I believe, from recent events, that the GFCI spinoff is intended to give shareholders a two year restriction on their dividend shares.
This is why I asked the question, if anyone was still hearing overtures by Dial, on that line of thinking.
The next question, of course, is who would be happy with that?
ZONA!
likely because if they forced settlement and or buyin it would create ruin in our entire financial system
if they simply forced Rocker to cover all his (alleged, supposed) FTD's on OSTK alone, it would (allegedly, supposedly) take him into bankruptcy. The people who invested with him would then have to sell/cover their positions by liquidating other's etc etc etc.
Not to mention that Reg SHO allows market makers to be short unlimited amounts of stock with no borrow regulations. Short a bunch of a stock and don't want to comply with Sec. Reg's? File to make a market in the stock!
bbb message 5089 RB : You might also keep one more thing in mind: It might take a while before you can actually trade any of the spin-off, dividend shares.
bbb 5094 RB : The new CTBG shares -- that is, the 75MM dividend shares that will belong to GFCI shareholders as of some record date -- will most likely be restricted shares in the new company. That is exactly how most all Reverse Mergers work! Granted, Dial and company could have applied for share registration as a part of the spin-off process, but there are no guarantees.
In the end, CTBG will most likely have 85.721MM shares issued and outstanding. 10.721MM of these shares will trade as float, while 75MM of these shares will remain restricted as those dividend shares awarded to all GFCI shareholders -- i.e., GFCI's principals, insiders, and floaters (outsiders).
bbb RB 5096 : If the shell company is already listed and trading on a Bulletin Board, the registered or "free trading" shares can continue to trade. The new company can do a private placement immediately. To trade the newly issued shares, the new public company must first register these shares with the SEC. This can take 3 to 4 months and normally requires the filing of a Registration statement with the SEC (Form SB-2 or Form SB-1).
I would surmise that since BBB is the "only" (might be one or two more) sunshine up the ass of Jim Dial person, that he still might be getting information fed to him through unofficial channels. This conversation starting at about 5080 on RB is rather telling at what exactly they plan on doing. Or might plan on doing.
I would like to hear some longs POV as to whether or not they think this is a good idea and if they think that this is exactly the reason why Grifco has failed to rise into what some people are saying is "imminent news" of financial information and actual dividend.
Thanks
question
has anyone been told recently that they are planning on spinning restricted shares into your account for the CTBG dividend? I remember that at one time someone on one of these boards was kicking that around as an idea....
re: mypointz
ZONA
similar pipelines are worth 200-250, this one's worth 45 with 20 cash, so stock should reach 20 within a year. It's just going unnoticed right now. Not for long IMO.
Well, it looks like we might get some activity and some people finally recognizing the potential here. The numbers between GFCI and CTBG are getting to about the right level proportionately, so the timing is right for the PR machine to resume.
http://bottomlinereport.biz/bottomline_report_GFCI.htm
It is actually a rather nice report.
The gist of the "longs" posting here is that they have seen the shop, and have talked to, or in some cases visited Dial. They have seen the Jet Motor. They have seen something that they have been told is a CNC lathe.
Let me see if I can understand some of the reasoning and maybe we can have a discussion.
Jim Dial cannot be lying
No one lied about Lyamec investing money with them
Lyamec cerrtainly could not have been duped, and will not lose all their money
Grifco cannot be printing and selling shares daily to distribute among the agents
nope
but I like your style for assuming that I was talking about you.... slightly....vain????? would you say. LOL LOL I dont even recall that situation, but then again I spoke with probably 15 people and got e-mails from probably 25, so I'm sorry I don't remember. The one I'm talking about really didn't have a pot to piss in so to speak, but I'm glad (or I hope) that you don't have more than 2-3% of your net worth in this stock, it's dangerous. Might be a big winner.
I have been looking into another VPHM type stock.
Two phase III clinical trials coming up and a market cap of, get this, 60 Million. Bigger known companies with that kind of pipeline are in the 200+ million range. NDA probably filed in 1007-2008. One of the drugs has a potential rival that is much less effective and it is a 300 million dollar a year market.
Any guesses>
There's one boutique firm on the sell side currently, and one large holder, with another shopping around for a 500K block out of 10M SOS.
any guesses? (this part isn't to you specifically Back2 just in case you've got ideas about that)
Dr Bill
sparky
I happen to know of one poster here, who got in touch with me then didn't like my style of no holds barred no truth unturned posting, who holds close to $100,000 worth of original investment in this company.
And, from what I could gather, this person isn't the kind of person with risk tolerance or wealth to be investing that kind of money in a pink-could-be-a-total-fraud-any-day-now company.
Life savings? I don't know. Retirement? probably.
1)it was a joke, read the words in the link, along with the 40 bucks comment
2)where the sam hill do you see any enjoyment in my posts????? I amnot happy about how this stock has performed and I think it sucks that a few people have basically risked their life savings in this company and they're getting the shaft, either intentially or out of sheer neglect
3)i have averaged down much more than I feel comfortable with, and am "only" down about 18%. people have labelled me a basher and have complained to dial so much that he won't even take my calls any more.
People, look, no matter how sincere any of these people are, there is a very real risk that the entire thing is one great big confidence game. The very points that would prove that negative beyond a shadow of a doubt, are the very things that we keep asking for, and cannot get.
I would like some real valid speculation as to why that might be. Anyone may apply, and please keep the "strategic silence" argument out of it.
Why wont Jim Dial go on record as to SOS?
Why won't we get some look at unaudited financials?
Why won't they say a word about the Jet Motor on record?
BBB, why won't they speak up?
B2B why????
Ok here's another one, BBB, why dont you think there are more than 70,000,000 shares outstanding, or 200 million for that matter? What re the pretenses for thinking that it's a much lower figure?
I am all ears.........
more likely some goofball sent dial an e-mail with the text of "hey jim look what these guys did when shorts got THEM down, they did a buyback" and http://www.copiedjimtheadressofthepr.org and then jim said hey what a great idea, I got 40 bucks lying around I'll buyback a million shares next week, so he copied the PR word for word and then changed only the names and dates and issued it as his own.
chart is showing a bottom
if you beileve in that sort of thing, it's time to start buying
along with the timeline that is being kicked around, financials "soon" and dividend "soon" it's time to start buying for the runup into the distribution
unless you don't trust people who won't for some reason won't give you a straight answer then it's a time to sell on strength
I wish they sold options on pinks
mypointz
The PR about the financial events in the GFCI/CTBG stated that there would be a spinoff/dividend of CTBG shares for owners of GFCI "once the registration becomes effective" of those shares that were suggested, and there was a number given of about 75 million shares to be newly registered
I don't have the PR up in front of me and am going on memory so if my numbers aren't quite right, please don't yell liar liar pants of fire at me, ok?
back to my point
there are currently much less shares outstanding for the coil tubing company than there are now, I believe it's like 10 million. Well given a share price of .7 or so, gives you a total market cap of about 7 million dollars.
Once those shares are registered there will be another 75 million shares to divide into the total market cap, so therefore each share will be worth substantially less.
Theories abound why people are buying CTBG which I won't get into, but I believe that the longs are hoping that with financial news and possibly a jump onto a national market, that the market cap of CTBG willl quickly catapult back to the 70 cents per share value, about 50 Million (85 MM sh times .7/sh) but I have never seen a company go from 7 million to 50+ million on one filing, so it would likely be a first.
we'll see
but, and this is my point, buying CTBG here would be very foolish IMO. You'll get free shares* just from owning GFCI (supposedly) so why buy them on the OM at a very inflated price?
*Free shares is kind of a misnomer, your stake in GFCI will reduce by exactly the amount the market values the dividend. If the market values GFCI at let's say .4 and they give you two shares of CTBG and the market values them at .1 each, then GFCI will open at .2 the day that GFCI goes ex-div.
dude read my very next post
I sincerely apoologized and said, admitted I was wrong
something I have NEVER seen you do, not once
but i guess if all your posting is done via pie in the sky speculation about how to turn 30 cents into 9 dollars in a matter of a few months then no one takes you seriously and you dont have any accountability
as for me, there are many people who know my alias's and different boards and want me to try being as accurate as possible
lighten up
and I do mean attitude and probably your pink sheet holdings
AHHHHHHHHHH THE OLD "MM" THEORY
Somehow there's this big "MM" somewhere out there in cyberland, who's supposedly always trying to lod up on shares, who wants to "walk it on down" whatever that means. This "MM" wants to keep shares out of retails hands so he'll "trip the stops" on stocks and "shake the tree" in fact most times when a stock is going down, it's the "MM" doing it,not the buyers and the sellers.
That "MM", he'll get your shares, "right before the big runup"
if anyone believes that there's lots of swampland in houma LA I want to sell you, in fact it's right next to GFCI's shop, you can spy on them all day long!
There are at least 20 "market makers" for each stock, and sometimes a pink sheet company can have a hundred, since it's so easy to make a market for a nickel a share stock.
If you think you can see even two or three (10%) of them working together at once, you're nuts. It just don't work that way, but keep those urban legends coming........
fair 'nough clever
but do you agree with the statement that when CTBG files and becomse a reporting company, that we will most certainly expect a 13d/g from them as they will be getting a proportional amount of CTBG shares as a % of GFCI that they currently hold?
they own (supposedly) 6.25 percent of grifco so they will own 6.25 % or coil tubing as well?
My supposition is that either something is fishy because Dial won't go on record with the 37.5MM or the transfer agent isn't telling him in which case he doesn't know.
---------------------------------------------------------
Dial "there are 37.5 MM SOS in grifco"
shreholdders "can you prove that by either the SEC filing statement or the transfer agent?"
silence
----------------------------------------------------------
Clever I have respect for you, a lot more than some of the obviously overinvested underknowledgable people who post here. I am also wanting to clarify that I am not whining, I just want answers, and if the answer is, "well they just won't give verifiable proof" then I guess the conversation is over at that pooint because it's just blind faith on whet someone somewhere told someone's cousin who knows what those cranckheads out in the oilfield are doing..........
who's bashing?
This company is clearly speculative. yes the company speculates a lot, clearly with little to no follow through on what they tell investors
At this moment the question is do you personally think it is a good speculation or a poor speculation? I personally would not buy more here but if enough people think otherwise the stcok will go up
If a poor speculation, do you think any non-reporting company is a poor speculation? I think that there are a lot of non reporting companies that are poor speculation. some are very poor and some are just plain stupid
sam
that would be nice but of course I doubt it
1)lyamec didn't register a 13d/g so they supposedly bought 6 million shares of stock and didn't reach to 5% ownership level
meaning it didn't happen or there's more than 120 milllion shares outstanding of gfci.
When I asked about the 2:1 dividend I was told explicitly that it wasn't that, that you would get a similar % but it wasn't "necessarily" 2:1 so it could be possible that it's .5:1 and there's 170MM shares of GFCI outstanding
2) I don't think that the new shares are registered yet so we've yet to see the effect of the dilution
RB; No Great Loss
"It's important to note that the special dividend distribution of CTT's shares will reflect the ownership of Grifco's shareholders in CTT," Dial added.
this is from the PR announcing the dividend/spinoff
now if they are reflecting my ownership in GFCI and giving me ownership of CTBG in equal proportion, then that ownership cannot be restricted
Well, the company might just surprised you and make CTBG's dividend shares restricted. Then Shorties on GFCI will be screwed.
===================================================
Now I know you're confused
They cannot give a dividend to shareholders and restrict it in any way. That would be illegal.
I wondered why the huge numbers of shares of CTBG, myself, but then I came to the conclusion that if they really wanted to get CTBG onto a larger market, then they will likely want to do reverse split to get the minimum share price, if necessary.
I'm sorry that was wrong
BBB counted less than 20MM shares, but I forget how many. upon further thought it was 11 million? 13?
I do believe it was less than 20 MM
my numbers were off and I apologize for that
Han
You're clearly confused.
There are two issues here grifco, and coil tubing
grifco GFCI supposedly has 37 MM SOS but according to many here and the CEO during the summer ~ 90+% of those are locked up as restricted shars, so the float has been quoted to MANY shareholders and repeated many times as being 4 million or so. That kinda changes the spin on your trading volume for GFCI and how many times the supposed float changed hands during that time.
As for Coil Tubing, there are currently about 10MM shares outstanding with (according to JD) a lot of those restricted. I didn't get any numbers for that, but that's not the real point. My point is that if you take the SOS by the share price, you get a market value of what 8 Million dollars? (these are all very rough figures) SO now you take a market cap of 8 Million, then you can now divide that 8 MM by 85 million shares, to about 10 cents a share.
Current CTBG shareholders get really screwed because not only do they see their sharse get diluted by a factor of 8-9 but they don't even get any of the dividend. Also, when the people holding GFCI shares get that dividend, they are supposing that they will get 2:1, and BBB counted about 20 Million shares just on RB message board, so even if that were ALL the GFCI 2:1 'ers we now see LOTS of Millions free trading shares of CTBG on the market on one day.
I am guessing that a lot of those people will sell their new 10 cent (or so) stock, so people who are short GFCI and have to provide the dividend to the real GFCI shareholders will be able to scoop those up under 10 cents as the share price plummets on the massive selloff from the opening price. The people who are short artificial shares get a debit into their account in lieu of shares or cash, and probably will have 3 days to settle any discrepancy. With 40 million free trading shares minimum it won't be hard.
Then they're still short GFCI, which will begin trading however much lower they price the dividend, and probably begin to crash from there, as we know they won't have some or all of the assets and revenue stream that we bought it for in the first place. Not to mention the fact that they cannot file any audited results for some time yet.
Does it make more sense to you now? I can explain it further if you're still confused. I am NOT speaking from inexperience or ignorance I assure you.
You cannot accurately say that Roland.
Dial said the float was 4 some MM and BBB counted what was it 11 MM just on some of the RB readers.
You do now know that Dial knows the SOS, and you don't know that that's part of or all of the reason why the audit is so hard.
If the TA is really screwy even THEY might not know.
You cannot say that Dial knows for sure, and if he is 100% it's even worse because he won't go on record and won't let the TA tell us.
Just like "quiet period", which is a complete lie. There is no such thing.
Quiet period
yeah
that's a good one
Jim's hands are tied by SEC and NAS regulations! He wants to tell us whats going on, but he just can't. Doesn't want to break the law after all.
Anyone want to guess where CTBG open the day after they dilute the shares by a factor of 8??????
A price of .72 turns into .08
That's why lebed is being paid to pump it IMO. GRifco wants it as high as possible before they register those shares, and lebed wants to short the crap out of it, so he tells the poor unsuspecting pink sheet rubes (no one here fits that description, don't worry) to buy it from him and his buddies.....
all IMO
after another 8 months from now all this spinoff/dividend will be moot as they only need 2 years to get a good audit. I would bet that by the time this is all over and all the money spent they will gain about 3-4 months and have spent mucho dinaro
painting the picture, being honest and open and asking shareholders to wait would have been a much better policy IMO
unless things are completely screwed up and there's no hope....
the transfer agent not telling how many shares there are outstanding is reall really really really bad news
there might be 200 million shares and Dial wouldn't even know that
yeah here's the big question that is making me really nervous
Why is CTBG paying to pump their stock before the shares are registered?
doesn't anyone else see what's going on?
yes that's something besides the JM
And the CTT news should be good for shorters who can catch someone on the surprise when they buy the "good news" about CTBG or whatever the symbol is.
They've got 10 Million shares outstanding now, and are about to issue 85 million more to grifco shareholders. That will take the price per share from $.6 to about $.09
the play as I see it so far
buy gfci below .30 short ctbg anywhere, its like shooting fish in a barrel, you can sell GFCI on the rise from .3 to .65 (if we're lucky) and cover your short of ctbg at .12 or whevere it reaches support on thet first day.