The CTT spin-off from GFCI will most likely result in leaving two distinct parts, whose par value is significantly greater than the whole. this is true mainly in asset rich companies trying yet failing to acheive synergy through scale. splitting them up sometimes can get more for the sales than they are running together. corporate raiders do this all the timeThis is what a dividend typically does -- it increases shareholder value! If it were not so, it would not then be a dividend, right?i cannot debate something you don't understand. look, if you have a company with 10 shares and 1000 in the bank. assume no ongoing business. each share is worth $100. NO growth to factor in etc. pay a dividend of 500, equally divided. each shareholder gets $50. The value of their share after that ex-div date, is certainly not still $100. No it's $50. and the shareholder has $50 in the bank. It certainly doesn't add value to their shares

Furthermore, the CTT spin-off puts CTT in a position to very quickly rise in pps value; thus, increasing shareholder value even more. this is only IF there is a SEC filing and edgar online reports verifying exactly what they got going. If they do, then your assumption likely is correct, GFCI would continue to languish due to lack of filings and "CTT" might have the oportunity to offset that with rapid verifiable growth If one were to ONLY account for 3 sets of 50 Jet Motors (and NOTHING more) at 35% net profit margin, at 85.72 shares O/S and at a conservative P/E multiple of 12, we then are looking at a separate company easily valued at $3.50 per share -- that is NOT paltry by any means.I agree. big IF though, with not too much information to go by

And that's not even accounting for all of the other tools in the CTT toolbox, especially the promising Rotor Jet. That's not even accounting for the positive developments that are still left behind in GFCI with the Lyamec/Libyan Govt. partnership!!
they announced that they were commencing with the project and groundbreaking was 90 days maximum away. Thats still leaves construction and business ramp until revenues start coming in. June-July is my guesstimate but it's just that

GET REAL, Dr Bill!!! Every way you slice it, this is a most incredible deal!!!not every way. "some ways" I agree otherwise I wouldn't be here. But everyway remains to be seen. Rarely are a small group of investors smarter can see what's coming mroe than people in the industry. If IF the JM were such a big deal, then all the oil people in the world would be jumping on board. They know what works and if its that new and revolutionary I would think we would see more buying than we do

BBB

you do realize that the trading value of the shares of GFCI plus any additional shares of "CTT" you get will still only equal what you got of GFCI right?

lets say that investors really start to like this news and buy GFCI all the way up to .50 on the "ex div date"

the next day GFCI will open at .25 and IPHG will open at .125


initially I got pumped into this stock by Lindsay. His argument was that in GFCI the jet motor was going to earn 64 cents a share on 20MM SOS in a stock that was at the time .40. My how the story has changed. If "CTT" has 88 MM SOS it's going to be a lot tougher to earn that .64/sh than I fist had hoped. We're not looking at a potential instant millionaire scenario any more IMO.

we have no differences on the fact that grifco is calling this a dividend.

This, from RB, about sums it all up:
================================================================
I can not believe that there is no heavy action in trading GFCI with the current news and the coming DIVIDENDS. MMs controlling to steal cheap shares???
================================================================

This is likely seen as the market as Fluff PR, outlining strategies that are pure fluff, and designed to simply manipulate their own share price, and have nothing to do with the core business of manufacturing, and rental/sales of oil field tools.

Basically the market is saying, YAWN, divide one pile of non-reporting pinkie into two smaller piles of non-reporting pinkie, and it's a non-starter. Spinning off a division in a 15MM market cap company just doesn't make any sense.

Up until now, they haven't proven anything about anything. The above speculation about "MM"'s doing anything to "steal cheap shares" is ridiculous, IMO.

There is no reason to be doing this other than share price issues, in the short term. Management being publicly forthright, about share count, about the transfer agent, about the delay in financial accounting, about an accurate timeframe until SEC will have on file the real true numbers, is the only thing that is going to make GFCI shares worth suubstantially more next week than they are this week.

That, or a crafty PD scheme. I would rather have an open honest asseessment of really, what's up>>>>>

dividend?

paid to shareholders out of company treasury. usually cash per share on a quarterly basis.

why?

OTOH

I haven't ever seen one ploy by any management to "burn the shorts" actually work, but when the stock splits/goes ex div/whatever I certainly will be looking for my shares of IPHG in my account and if the only way to get them is to own GFCI well, maybe they really will have to buy in.

Shorts can get around anything though, I guess we'll see.

I sincerealy wish that management wouldn't be so freaking nebulous all the time.

Who
What
When
Where
Why

I think that they forgot all of these elements needs to go into a Press Release

BBB

I still haven't seen any edgar online filings for Grifco, so there is no absolutely no confirmation of 37MM, 40MM 20MM shares outstanding.

This spinoff will be just like any other spinoff, dividend, or stock split. When we go ex-div, the share price of Grifco will drop in accordance to the value of the baseline of CTT's addition to the base value of Grifco. If the CTT division is bringing in 80% of the revenue and 80% of the profits the pricing will be an 80/20 split between the two stocks.

Those of you who think that you're just going to magically create wealth out of nothing, CTT shares start trading at .75, and you get 20,000 of those from your 10,000 GFCI, and GFCI still trades at .30 or whatever need to bone up on your corporate finance slightly. You're going to be dividing your wealth up into two accounts, both of which add up to your previous account before the split/div whatever.

An interesting thought is that if GFCI stock IS highly shorted (which I have my doubts) and shorts indeed have to pay the "dividend" to the true shareholder, or the person thay sold the shares to, then GFCI short will owe the newly created (fake) IPHG long about two shares for each GFCI share. This in essence is creating a new stock with it's very own naked short faction/contingency.[I'm almost sure that management of GFCI is looking forward to people who are short GFCI to have to "buy in" to GFCI (cover) so as to avoid being short CTT, but they will have to have a great story to get CTT moving. I doubt the SEC is going to force a buyin on a pink when they won't even force the buyin to fill the COB purchase in OSTK]

Also ironically, I am not sure how many people are buying stock in GFCI for their jarring tools, or fishing tools. Many, if not most are in the stock for the (alleged) amazing potential of the jet motor with it's huge margins and huge revenues and performance. So once GFCI stock is reduced ex-div, there is likely to be more selling pressure (after all there's no financials and no news on the grifco side- no confirmation of revenues 'yet') in GFCI so any "shorts" will be able to cover lower than the new value of their short position.

So we've got a new stock with it's own built in short position, we've got one share GFCI trading at .15 and two shares of IPHG at .075ea ** and GFCI looks to be taking a dive from there. Let's hope IPHG (paintball international- real cute) starts trading up real soon, or we're going to have some real confused shareholders. Myself included.

The question remains, WHY????

**assuming the market prices a 50/50 split of value between the GFCI portion of your assets and IPHG portion.

interesting

no specifics as to number of shares to GFCI holders

nothing about when it happens either

I wonder what happens today?

who's buying on the news?

It's also interesting that I once said I would never ever ever buy a pink sheet stock,

and now Im about to own two. Two pulls on the one armed bandit for the price of one! Great stuff!!!!!!!!!

I do not wear a tinfoil hat


http://www.time.com/time/insidebiz/article/0,9171,1126706,00.html

that's my line you flibberjib

I can say unequivocally that there might be news out tomorrow

Clever? I thought today was the day????

Maybe they are waiting for the end of trading to drop the bombshell?

I am interested to see theories on why THIS didn't come to pass......

Anyone can say "today's the day"
see? I just did it. I have heard rumors that something's afoot, but I remain unconvinced that "today" is indeed the day.

Calling the company and asking to speak with Mr Dial and asking him where he used to work might be a great idea for you.

http://biz.yahoo.com/prnews/051027/lath051.html?.v=29

the blurb that he posted was in the PR from Oct 27th and I would imagine that somewhere there has been a PR with a basic BIO on Jim Dial, and if not, the fact that he worked for Varco isn't really material public disclosure matter, now is it?

Relax man. Anyone with half a brain can figure out things have got to be coming to a head. I just hope it's not a big assed pimple that's about to splatter all over.

Maybe it'll be a gusher and guch us all with green

The most common theme, and the one that I'm most iclined to believe is that they are going to spin off one of their divisions. Why a pink sheet would do this is byond me. Having said that, my thinking is that you will have 10,000 shares grifco, turning into 10,000 gfci and 10,000 JTMI (jet motor international) for example. Each company would get half the assets, and each stock would be worth exactly half (or whatever portion of "fair" market value (net present value of all future positive cash flow) can be assigned. So a $3000 gfci investment (ha ha- try gamble) would be turned into two $1500 investments.

If they have a "clean" shell to make into a jet motor company, then they might be able to have filings immediately, which would possibly get some movement going into the range where the one would offset the other. Many people here are into the GFCI stock because of the amazing revenue potential (alleged) and gross margins (alleged) of the jet motor, and could care less about renting "jarring tools" in Libya or venezuela (who hates the good ol usa) and would likely sell off the remaining GFCI, which still doesn't look to be able to file any time soon. So hoping that the Jet motor company gains might offset the losses in GFCI so we'll have reoughly the same amount of money. One doubles the other goes down to pinkie non reporting hell with no one interested in waiting out some accountant to figure it out.

My only hope this isn't some cockamayme scheme to "burn those dratted short sellers", when all it would take is some regular communication with well written PR's from Houston, not Lasvegas, to keep us informed. If it walks like a duck and quacks like a duck shorts will pile on like it's a duck and all they need to do is go "moo" once in a while and we won't be such a target of the shorts (if we are right now anyways which is doubtful)

My original point is, why not just do an IPO and do it like anyone else.

I have never seen this before and the market might not understnd what's going on. I might not either but I'll be sure to let you all know my opinion of the downside...

:)

With all due respect "bull"

bite my ass

feel free to ignore my stuff but I have as much right to post here as anyone else

even if it's the same thing day after day after day

still makes no sense to me that you are still holding, btw.

truer words have never been spoken. I don't know why anyone holds this one, myself. Im just as dumb as the rest of them I guess. It certainly not my retirement money.

Maybe we should call Mike at princeton research. He probably know exactly what is going on.

With each passing day, not only do I see more resolve from the longs, more pumping, more "i hope maybe they might" but the story coming from the longs keyboards just keep getting better and better. It's clearly delusional and clearly the probability is going to get them a huge drain on their investment.

I was once a big believer in this technology, in the potential of grifco. Don't forget that. My sentences and outlook are very much in line with len's post right befoer this one. He's just more diplomatic about making his point. I have a small long position and I'm down about 19% on it currently.

The potential is just too huge to sell out so it's either going to be 20X or nothing, but I know a few people here are in it too too big to be able to tolerate "nothing". The return potential outweighs the risk, especially at .3.

Although with each passing day, the silence from the company is increasingly showing something is seriously wrong. One update would do it.


"we're finished with testing of the second bathc of jet motors. The first ones have brought in ___ revenue since being deployed six seeks ago. This is ____ % over/under what we anticipated and the feelings on this are __________. We are in the process of completing financials for the year ended june 31 and _____ is working on it. The current plan is to _____ and expected time frame is ____. We will update you that date no matter what happens."

The argument that dial griffith swinford are the biggest shareholders and therefore won't make their own stock go to 0 is completely bunk because they didn't pay for them in the first place, and once they are 0 they can issue themselves new stock in the "new jet motor international" for free just like they did with grifco interntaional. They get more stock and another play. Kenner, clever, back2, ranout roland, steve, all get a big fat black eye and they are my friends and I don't want to see that.

that is a pretty dark view, and i am not sure what evidence there is to support that.
=============================================

How about it's easy money, and there's no law against it. There will never be any retribution against them if they do, and no one invested here would know how to get retribution if there were. without going to jail themselves that is.
it's like a bag with 5000 in it sitting on a bench in the mall, at Christmas time. What % of the population would try to find the owner?

except this bag has 20 or 30 million in it

re:allthe way by blue_in_

Come on, now.

you're getting the chance to buy FORTY PERCENT below where lyamec bought! You don't think they could have made a stupid move do you? I mean no one buys stock for 3 million dollars that isn't to go up up up right?

This is utterly disgusting. Even though I am out of the majority of my holdings above here, I still have just enough skin in the game to get my knuckles bloody if my suspicions are correct and they are about to abscond with ALL of the investors money, turn tail and run back into private land.

I know that some of you think that it CAN'T HAPPEN but hey boys and girls, the pinks are like the crap tables when a couple people sitting at the table know the next roll coming up. And there are not a ton of people buying this one right now. The market is showing that we're headed into the low 20's at best. Maybe I'm wrong. Maybe, but I've been around a long time and seen it again and again.

I still see that hope word being tossed around, in fact more and more. We're either near a bottom, or just about to fall off a cliff. IMO of course.

We'll see.

so back2

you're going to get 1/2 your shares in gfci transferred to a new entity, with ctt in it and who knows what else, and you're going to have half your shares remain with grifco, with its global oil tools, and cannot report for how long again (2 yrs?) and you're happy about this? You're even OK with this?

You cannot even verify an emlpoyment history for the CEO, who "bought and sold sevearl companies" and "currently owns 3 different businesses" and you think, no you're sure enough to invest most of your life savings with this guy?

Investing in one very potentially profitable company, and turns out you'll own half each of two separate companies, one of which cannot be SEC compliant, maybe ever.

I wonder if you would ever begin to question if you've made a good idea.

Any idea why grifco is going to continue to exist at all?

Why would they leave any assets with grifco intl? If they are leaving grifco to flounder and not report, why not transfer all the assets into the new shell?

My fear is that they will transfer all of the lackluster assets into the new shell, transfer all of the long shareholders stock in GFCI into the new shell, keep the jet motor and the global oil tools in Grifco for themselves to own it outright, and not report. What is to say that this isn't happening? Anyone got any ideas?

Did they have a shareholder meeting to vote on this prospect by the way? Where were the proxy forms that I was supposed to get? I know I've only got 16K shares but I still should get a vote in a public company's spinnoff, reverse merger, reverse split, etc shouldn't I?

These guys might just be playing fast and loose with your (my) money.....

feedback would be great


TIA

I'm not trying to bash I am trying to get some answers


What is to say that Dial isn't going to keep all the "goodies" for himself and give all the crap to the shareholders of Grifco?

Why don't they just do an IPO like the normal companies out there?

Is it possible for you to get the silver hawg and a couple other tools and the jet motor is stying put with grifco that will no longer trade?

What if they both keep trading? How will you know where the profitable tools are?

I would be really scared if my holddings were worth more than 20k right now.......

I saw goodeals post

I tried to warn everyone. Poof there goes all your share into some new company that might or might not even have the jet motor.

There is no recourse to Dial, they probably took a vote as a "board" last week or two. There is always the hope of a shareholder class action lawsuit.
yeah right


I told myself I would never buy a pink sheet stock and this is why.....


POOF there goes all your money


BOHICA to litfiber shareholders

don't want to cripple the stock because I want out at a good price.

Also I don't want to see my actions harm the value of other investors. I'm not into kicking stocks around.

I didn't buy them personally, the people I deal with did, on my and one other reccomendation. I personally only had about 135

I wouldn't know how to naked short a stock. I tried to short OSTK recently and there are simply no shares to borrow, and even with all my connections I couldn't get someone to float me. I dont know how it's done, myself.

I just want some answers, besides the two that are routinely given.

1) I know a guy who knows a guy who _________________
2) I bought because _____ bought and _______ canot possibly be going to lose all his money

I also especially like

3)sure he doesn't tell the truth all the time, and can't communicate with the market but the products are GGGGGGGGGGREEEEEEEEEEEAAAT!

Well, there's the PR everyone was waiting for.

Global oil tools qatar.
What? you didn't really expect a PR about actual news did you? So where's the PR about the CFO, the financials, the auditor, the SEC filings etc etc etc.

This is surreal.

Maybe they are saving the good PR for later today.


We are moving expeditiously to finalize the organization's process to prepare Grifco's facilities to access the orders and revenues we are in agreement on

What the hell does this sentence mean?

If you had 3/4 MM shares to dump and knew of millions of other shares heading down the shutes, would you be posting that the stock is headed to zero?
==========================================
Actually I thought one of the delusional "can't get enough" crowd would see it as a buying opportunity and set a bid up for two or three million shares at 40. After all they got great products right? Who cares that management are total buffoons and can't get their story straight. The business will run itself. The stock is headed into the low teens, even if management are issuing shares a million a day, and lying their faces off. 40 cents is a bargain!

Someone please set a limit buy for a million shares today at 40 becaus we couldn't get out of many shares at all without cripping the stock.

BUY BUY BUY people! You'll all be MILLIONAIRES in a few days when audited financials leap form out of nowhere and GRIFCO catapults itself onto the American Stock Exchange, to become the darling of all AMEX stocks!!!!

BUY BUY BUY!!!!!

thank you lent

I already read that one.

The problem is that the poster is long probably LONG the stock in disproportionate amounts, and while not necessarily trying to mislead others might be as much misleading himself. People will do everything they can to convince THEMSELVES that they are right, much less others, after all if jim and bob and joey hear my story of how great my company is and they hold I must be onto something right? I know that this is true because I was one of those once myself, and I only saved a 300K loss from going to -150 out of sheer luck, as it was my account went from 350K to 14, yes 14 thousand in one ill timed press release, because I refused to listen to the bashers. I was lucky I didn't have to send ameritrade another 150K it was real close I pressed the button 90 seconds before the PR came across the line.

I just don't want to see people get hurt. And yes I don't mind sharing what I am seeing on the buy sell side because I don't hate people here I just think they are drinking the koolaid something fierce.......

This company doesn't need any help from bashers.

They are killing their own stock all by themselves.

Anyone got any hard proof that this stock isn't a scam???

We are trying to sell shares here.

We cannot. There are at least three big sellers and two can be verified as "non short". The third might be a shorter I have no contacts at the ECN they are using. Who would blame them? I have friends who want to short this one into oblivion. I'll stay away from that one in case of a miracle.

We are stuck now, and cannot sell this thing fast enough. There are at least 3 million shares for sale, and we cannot get out without driving it into the mid 20's at the highest. There is a really big bid at .19

Nice job Grifco

Anyone who has money here has got to be completely prepared to see it go to $0 or virtually $0. Who's going to go through the motions to sell at .0025?

Who said you'd do as well at craps? You'd probably do far better.

Been burned before

I have a slight feeling that you are about to be burned again. This silence is too long and there must be something major going on.

Maybe they will do another reverse split.
Maybe they are going to announce another PIPE.
Maybe they are taking the company private.

We'll see..........................

Dr Bill

I wonder why a CEO would tell an investor something that is clearly outside RegFD, as in we're going to issue a PR next week.

I wonder if he did, or if it's wishful thinking by longs who are starting to get that slightly uneasy feeling about the lack of any kinds of news.

Perhaps someone was accurate when he/she said this;

if GRifco's products were so revolutionary and groundbreaking (he he) wouldn't all the field people be buying up stock in droves, before the good news got out?

I am wondering......

We'll see

I have read this board

and the board at lycos too. I am aware of all the venom that gets spwewed at people who are negative on this company. People blaming the stock "underperformance" on naked shorts, and saying the "bashers are out in full force" are probably too emotionally involved in having made the correct decision with their money, to be even remotely objective.

I just wanted to POP in and ask a question, and give some "voice of reason" stuff from someone who has been there and done that several times, sorry for the cliche, and wanted to warn you all, how easily and quickly money can disappear, totally and permanently.

I hope you're right, and my $5000 turns into 5 Million. I will put it with the others. I will be more pleased than anyone else. I am doubting it will ever be worth more than it is now, however.

I will check in from time to time, but I don't wish to fight badger or be badgered.

Have a nice day, and good luck to all.

Ryan, thank you

and back2basics as well. Thank you both.

It is my opinion, and you might not like to see this, is that it is difficult enough to get invested in a company who's stock is going to rise, even when there is an independant board, and an audit committee, and you can go online and view, at

http://pro.edgar-online.com/proSearch.asp?v_err=True

the filings to search for the "fine print" so to speak. So for those of you who are thinking that the Goverment will back you up on this one, that these people surely cannot be scamming you or trying to take your money, as far as the government is concerned, they do not exist. There is no protection available for those shareholders who are invested in, or bought stock, in a company who has no SEC filings, and no public charter.

So to summarize, you are simply going on blind faith, that anything remotely true is being told by those people you are asking.

Even if they were a going concern, which I doubt because of all of the cloak and dagger stuff going on, unanswered phone calls, a website that hasn't been updated in 5 months, etc etc etc you have no recourse for your money should this turn out to be a money making scheme for a few guys down in Texas.

I understand from reading this board that there are a few people who have visited the company and seen the products. Bigger, better people than you, people who run multi multi million dollar hedge funds have been taken for 10,20, 50 million dollar rides. A pink sheet stock like this, done by a shrewd operator (there are none of those in the Texas oilfield business, are there) can fleece you a few hundred thousand dollars and not even burp.

Government comes calling and the guy says, "no sir I never told them anything like that at all. we had doubts about our ability to rent that jet motor from the beginning and warned them at the end of each press release that these were forward looking statements and not safe to trust. We even admitted that we only had three of them rented, in the press release dated ______"

Look, I'm sure that you are convinced that you have found the "Holy Grail" of investing, a stock that you bought for a quarter, that turned out to have intrinsic value of a hundred times that, or more. Lots of people have felt that way over the years.

All I'm saying is to make sure that you are very careful. Even great products that we use every day lose money for investors again and again and again. Look at the Airline industry. KMart. Worldcom. Everyone uses the telephone. And they had filings with the SEC!

This company goes under, or turns out to have 300 million shares outstanding and you have no recourse to Jim Dial, Mike King, or anyone else.

Think long and hard about any money you have here. I pissed away $5000 at Vegas three weeks ago, so my investment here is more for fun and a might and a maybe. Like a lottery ticket. Would be really nice but cannot count on it.

I have seen many many many people get hurt over the years.

If anyone has any proof that the money will not be down a black hole, it's not going to be with ???, or "the ceo told me" it will be with SEC filings and verification of business. Not "we have three of the tools rented". Remember that's the only public thing we have seen about it, in writing.

Anyone taping the telephone calls to HQ?

Hey Spark!

I have exhaustively tried to get these answers, and verify them. I cannot. I cannot find any Edgaronline filings for them. The transfer agent refuses to release any shares outstanding information, despite my assurances from the CEO that he has given them permission several times. I tried to get the IR AND the CEO to fax me a copy of the numbers that were PR'd, 14 and 4 respectively, neither will do it. I have asked for the patent application number from Griffith AND Dial, and gotten a complete runaround.

Since back2basics has so much confidence and states that it's not "blind faith" (if you're not going on belief, there must be some kind of proof, right?) I just was asking for his answers and references.

I have done my own extensive, VERY extensive DD and it doesn't all add up. Which is why I refuse to have more than $5000 in this one as a VERY risky gamble that one of these many tall tales we're being fed (the revolutionary product with 90% net margins, for example) is true.

I would love to have the information, a home run is every investors dream, especially when you're doing it with OPM....

Thanks for your input.....

Dr Bill

I have a question for you. Actually a couple questions, if you will.

1)What is the oustanding share count of Grifco international common stock?
2)What were the revenues for the company for the six months ended june 20th 2005?
3)What was the cash on hand at the end of this period?
4)When they sold shares to Lyamec, did Lyamec pay in cash, and what happened to that cash?

In the PR dated July 20th we were told "Jerry Griffith is in Venezuela presenting Grifco's Perf Drill tool and Silver Hawg to a forty engineer contingent from Petroleos de Venezuela SA (PDVSA), the National Oil Company of Venezuela. Griffith has extended his stay in Venezuela in order to outline well procedures at PDVSA's request; GFCI expects a substantial purchase order by the end of July."

5)What became of that order and that presenatation?

In the PR dated Aug 10th we were told that; "Grifco International ( GFCI ) has announced that it plans to produce another 50 Jet Motor units by mid-September. The first production run of 50 Jet Motors has been shipped to clients all over the world and should be in operation, depending on the logistics of their destinations, by the end of this month.

6)What became of the second batch of jet motors?

I would like to have your confidence in investing in this company and surely you have some great answer to these questions, including sources.

Thank you for your time.

I have been purchasing Grifco stock, based largely on projections of huge revenue streams from the jet motor, since early April. I first bought in the 38-39 range and then saw a "gift" in the price of the high teens. After all we were a few months away from the 20 million dollar jet motor. The company was buying back shares. I was thrilled, and averaged down. Now I'm still up a little. Dont want to lose what I've got, though and the story coming from Spring texas is less than smooth.

Anyone got any good reasons to hold? Besides blind faith that is???
CEO's lie, all the time, you know.

I am really starting to not trust this company at all. I have logged over 3.5 hours of telephone conversations, with the CEO, Mr Dial, on 4 different occasions, and virtually none of the pieces are fitting together. Cash position is too low. I was told that financials would be out by the end of Sept and there is no word yet on those.

My opinion is that the company has greater than 75% of being a complete scam.

An explanation would be: terrible management leading to a huge cash drain, and Dial and Griffith putting together a scheme to take over a pink shell, and then sell shares to recieve a cash infusion to hopefully be cobbling some sort of sellout deal. Lyamec could have gotten scammed just as easily. I see and hear some speculation that their 3MM investment makes individual investors somehow safer. Tons of banks lost tons of $$ on Enron. Rich people get scammed too. Beginning tomorrow I am going to start a very vocal campaign to encourage management to start talking.

Silence like this is just not warranted, IMO.

I own 25,000 shares.

Bill