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Saturday, June 17, 2006 4:27:36 PM
1. Catch/trap the naked shorts in a pinchnot a justifiable reason for a CEO of a publicly traded company to do anything much less verify for other shareholders/owners what they actually own
2. Prevent/thwart hostile takeover interestnot any kind of reason for a CEO to do anything. If someone wants to take over grifco and do a better job of enhaincing shareholder avlue they should have the chance. dialer has failed miserably for almost two years. period. in fact this could be viewed as lawsuit material by itself. he can't get investors an accurate valuation according to him and BBB, but he refuses to let anyone else try?
3. Strengthen buy-out/merger negotiations there is no way withholding key information like this would strengthen anything, much less how much anyone would pay for grifco. UNLESS he is showing them them the proof which makes him a scumbag and crook imo
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