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Sunday, July 09, 2006 1:38:35 PM
Here is a summary of my position on GFCI:
1. I do not support naked shorting with FTD.
2. I do believe GFCI is legit as they are listed on the pinksheets and their is price quotation service, otherwise Pinksheets would have put up disclaimer banner. In addition Lyamec has invested $3 Million
3. JD has mismanaged GFCI and I do not know the reasons!!!!!!!! Consoldiating mon & pop businesses in the oil industry with very little formal processes is a bear! No full disclosures, no credibility.
4. GFCI PPS will meander just like when the previous PR regarding acquisiton was released. If there is big money exploiting the arbitrage then probably the PPS will spike. But there is no reason why the MMs can't flood the market with shares.
And finally, I will trade the stock as I please.
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