Grifco Inc (GFCI)

[Dr Bill]

What is fair, here? That "Record Date" PR couldn't have been written any clearer -- you HAD to be a shareholder on record AS OF CLOSE OF TRADING ON MONDAY, MAY 1, 2006, to participate in the spin-off and receive a dividend.

Fair?

Fair is to allow people the opportunity to investigate easily and in common format what they are indeed buying. For example,

what are the current revenues?
What is the revenue growth?
What is the capital allocation structure, plant, materials, inventory, purchaser profile (does GFCI/CTBG) recieve most of their orders from one entity?
What is the compensation package and who sits on the various committees?
How many shares are there outstanding, and how many shareholders, how many votes does management have vs other common shareholders.
Is there Debt? How much?
Will the company need to go to the capital markets to fuel growth, or are they cash flow positive enough to grow organically?

Fair? Fair isn't to say, "We've got this awesome dividend dude, and you gotta buy before we tell you anything else! If you don't trust us, you don't get the dough, dude. We told you we're going to Libya, and that's enough!"

or worse yet, fair isn't "well we've got this dividend but only people who live close, or know someone who knows someone and can get the CEO's cell phone number is going to cash in on this dividend"

That's why the SEC will NEVER imo, OK a past ex-dividend date without at least haivng the shares trade a few days minimum after pertinent information is available to ALL interested parties.

Personally, the more I see the value of the two companies, I don't think that the SEC/NASD will allow GFCI to spin out CTBG, it's too much of the value of GFCI, and not "fair" to all the shareholders of GFCI. And if they do, it's going to be well after the financials and 10 sb or 10q are filed for both companies. Also I think that Lyamec is going to pull out of the project, along with the Libya connections, and Jerry and Jerry are going to get pissed at Jim and stop doing business with him entirely, and a huge legal battle will ensue. That's how I see it going down.

But that's my opinion.

Thoughts on the "fair" statements?