Grifco Inc (GFCI)

[Dr Bill]

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!