Grifco Inc (GFCI)

[starfire]

actually, there were about 4m shares short on 6July and they could have been covered!!! besides I doubt this 100K is an accurated report!!! also one has to wait for Reg Sho list to get feel of naked shorts. Even then there is no guarantee that all the naked shorts will be reported. the only way to deal with shorts/naked shorts is to issue a Cash dividend!! this may happen if Grifco raises capital via an 'offering' of $2.25 PPS for Global Oil Tools Libya on the Libyan & AIM exchanges! that capital can be used for cash dividend and/or for acquisitions!

By getting rid of Global Oil Tools Libya, GFCI can release its audited financials soon. Iam hoping by end of july.

PS. snoozers posts on RB