Grifco Inc (GFCI)

[Been_Burned_Before]

Quite obviously . . .

There are truths and lies, as well as rights and wrongs in many individual perceptions. It is obvious that Universal Energy Resources, Inc. is most definitively a James "Jim" Dial corporation, which has quite likely been incorporated for that "tax free share exchange" with Grifco shares that was mentioned in the last PR. We do know Grifco's A/S has been increased from 200 million to 400 million, and now we know without a single doubt that the other corporation -- Universal Energy Resources, Inc. -- has also been recently incorporated with 400 million A/S.

Now, it also logically follows that not only will Grifco's shares be fully exchanged for an equal number of shares -- one for one -- of this Universal Energy Resources company, but also most, if not all, of Grifco's asset mix should be rolled up into this new company, as well. And all this we have gotten via some recent PR's:

Regarding the tax free exchange: "The merger is a tax free exchange of shares which required us to file amendments to our articles of incorporation." Additionally, with regard to that asset roll-up: "At this point, we believe that the majority of our assets will qualify for the roll-up. Any division that holds us up in this process will be separated until it can satisfy the SEC audit requirements."

As to that public, OTCBB company, Universal Energy Corp.: The uncanny similarity in the company name is but a pure coincidence! There is absolutely NOTHING that relates to Grifco's merger negotiations and that OTCBB company. The roll-up OTCBB company is an entirely different company!

Been_Burned_Before