Grifco Inc (GFCI)

[cyofish]

My take on today's PR.


Todays news = dilution, dilution, dilution. IMO, this explains the shares issued being increased to 400,000,000.

Todays PR talks about shelf regesteration to raise $25 Million with another public offering. FYI Shelf-Registeration = "regestration of a new issue which can be prepared up to two years in advance, so that the issue can be offered quickly as soon as funds are needed or market conditions are favorable."

In the bottom of today's PR David Reichman stated;

"... we will prepare a $25,000,000 shelf registration on Form SB-2 to be filed with the SEC before the end of the year. The proceeds of the registration will be used to finance the roll-up of assets."

Is it good or bad...don't have enough information to form an opinion. On the surface it looks bad but we only have 8 pieces of a 100 piece jig-saw puzzle.