Grifco Inc (GFCI)

[Dr Bill]

stockpeeker I am trying to be rational with you, so bear with me.

1)Even the most proliferative pumpers here agree that the Record date is meaningless when it comes to this kind of stock dividend. The shares bought now, come with a "dividend due". The shares sold now come with a "dividend payable".

I do not have time to go into the SEC rules bearing such a clause, nor do I have the time and or inclination to explain the rationale behind the rules, other than to say, that the people getting the dividend in your fantasyland of hold overnight May1-2 and recieve the div, would be doing so at the direct detriment to people who want to wait until they can actually see what they're buying. It has to do with the transparency laws protecting people from a shady management (no terms necessarily apply to this management team) telling stockholdrs yeah you're going to get this HUGE dividend, trust us, without having the burden of filings anything substantial. however I can understand that Jim Dial et al have been such stalwarts for the force of truth in disclosure, such champions for the old fashioned values embodied in things like fiduciary responsibility and such that you would have a hard time NOT believeing him at this juncture, so maybe simple math will do it for you:

2)when a stock goes ex-dividend, the value of the asset leaving, is subtracted from the remaining value and the stock price instantly trades, on open reflecting the new value. It does not trade "towards" that new value, it is instantly repriced. One reason (among many many) is that the ex-div is announced so that all market makers of a security can know where to open it, and as such not get taken in an arbitrage scheme.

since grifco closed, and opened at the same price or within a penny or two from May1, to May2, there CANNOT have been any meaningful subtraction of any asset from their corporate hoard. Unless 85,000,000 shares went for .000000000000000000001 each, that is.

Leaving the ONLY possibility remaining, that the PR's are deliberately or ignorantly obfuscating the truth.

I hope you understand this now. Sincerely, because you stand to lose a LOT of money if this basic concept escapes you for long......