Grifco Inc (GFCI)

[cyofish]

Andy, if you seek professional advice of any broker, financial adviser, accountant etc. they will tell you to stay away from the pinks. As in the previous post SEC warns the public about pinksheets.

Only reason why I suppose many investors buy pinksheet and pennystock because it is cheap. Yes you can own 600,000 shares of Grfico for the price of 1 share of Berkshire Hathaway but what's important is the quality not the quantity.

It's funny to see people bring up Enron and Worldcom as examples of how large-cap stocks can collapse but that's 2 out of several thousand. On the other hand according to BBB only 5 out of 2,000 pinksheet stocks ever make it out into the higher exchanges (and he believes GFCI and CTBG are the 2 of the 5 that will). The failure rate of pinksheets are substantially more than any higher exchange stocks.

If you're still wanting to take the risk in invest in the pinks that is your decsion but you can't expect the government to come to the rescue when things don't work out.