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OTC BB | Miscellaneous | Grifco Inc. (GFCI) GFCI Quote/Level II - News - Quote - Chart
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Posted by: cyofish
In reply to: Wayne R who wrote msg# 6085 Date:7/26/2006 12:39:51 PM
Post #of 6096
Wayne R, the prupose of PRs (8K, 10K, 10Q etc.) is to notify the public of certain material facts. When a company makes a earnings forecast it is a forward statement, and is protected by the Safe Harbor rule.
More often than not companies "manage" to hit these target forecasts. You see forecasting isn't just picking your favorite number out of the air, it's based on through business analysis. In the interm if there is unforseen "events" or material information that arise that can influence the company not hitting the number they are "required" to release an 8K to notify the investing public.
Grifco does not state any facts. They have not followed through on anything they said. CTBG dividend - where is it? Financials - where is it? Pro-forma estimates - not backed by fact but did they come close? There is no follow up, just a series of dis-jointed PRs.
So Wayne R you say you can't believe a company's PR 100% of the time, you must only have experience investing in Pinks. You don't seem to understand the purpose and the format of PRs. So in your estimation what % of Grifco's PR can you believe? I'll help you out, pick a number between 0% - 5%.
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