Gifa Inc (GIFX)

[ForReal]

In answer to your question......

(NASDAQ: CKXE, formally Sports Entertainment Enterprises, Inc. OTCBB: SPEA)

12/15/2004 - SPEA traded at $0.10
12/16/2004 - pre-market, SPEA announces that they entered a definitive agreement to acquire a majority interest in the assets comprising the estate of Elvis Presley. Stock opens at $0.37, trades as high as $7.50, closes at $6.41 on volume of 1,339,073.
12/17/2004 - stock opens at $6.44, trades as high as $11.20, closes at $9.10 on volume of 1,705,667.
02/17/2005 - traded as high as $23.40, volume of 158,400.


So, within 2 days it went from .10 to $23.40. You just made my point. News of that event hit the financial wires and BOOM!!
Would news of a Greek international company worth billions, going public, not be hitting the financial wires by now? Geez, NITE themselves would have and financially could have bought the whole float. All of the outstanding shares were worth only $4 million+ yesterday. Spit in the ocean for any firm on Wall Street.

Beware my friend. Something is not right or Just Too Good to Be True.