Grifco Inc (GFCI)

[cyofish]

I think Jim Dial would be there. He will step down from the role of CEO probably regulatory/responsibility reasons but he won't relinquish his influence or power within the company. Sarbanes-Oxley requires CEO and CFO to certify the SEC filing each quarter. TTII's 14A regarding UERI clearly states that TTII will provide the CEO and/or CFO services meaning David Reichman will be the new CEO and they will possibly hire a CFO.

I think JD will remain as the President or COO or some level of management that will allow him to effect control. I just don't see JD not showing up when it's been announced that Swinford and RG Raymond would be there.

My only hope and the reason why I hold on is that like most here I truly believe Jim Dial is incompetent. I believe because of this incompetence the business is valued much lower than where it should be. I think once you get the right people in there to run things Grifco will be worth much more than what it shows.

Now I could have sold in the $0.20s and came back and bought it back in the low teens. However, for tax reasons I'm trying to hold out. I think if there is value, it won't be reflected in the stock until 2007.