Grifco Inc (GFCI)

[cyofish]

Interesting Stats regarding how Grifco PR affects Price and Volume:

From 1/2/06 to 12/1/06 (11 months) 203,380,800 Grifco shares traded. That's an average of nearly 18.5 million shares/month. I have analyze the effect each major PR had on the price and volume. The biggest effect was the "offering" PR which was co-mingled with a "buyout-offer" PR. Here's how each PR affected the price and volume based on 7 trading days immediately following each PR release.

03/30/06 - 04/07/06 CTBG Dividend PR: 21,304,000 shares traded, Price range $0.17 - $0.33, $0.16 spread

07/10/06 - 07/18/06 GOTL Offering/Buyout PR: 41,155,200 shares traded, Price range $0.03 - $0.31, a $0.28 spread.

08/03/06 - 08/11/06 Meger wtih OTCBB reporting company PR: 7,850,000 shares traded. Price range: $0.14 - $0.22, an $0.08 spread.

10/17/06 - 10/25/06 Grifco enters into 3 year O & G contract PR: 2,194,000 shares traded. Price range: $0.09 - $0.15, a $0.16 spread.


Since the failure to distribute CTBG dividend, and no follow through on buyout offer, there is very little reaction and intrest in Grifco's PRs. IMO, it's not a shorting problem but a credibility problem.

(The data was downloaded into excel from GFCI/Yahoo Historical Prices 1/1/06 - 12/1/06).