Grifco Inc (GFCI)

[Dr Bill]

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.......