Grifco Inc (GFCI)

[Dr Bill]

Three great questions from RB:

1.) Have the Grifco stockholders rights been violated???
2.) Is this transaction legal???
3.) Will the SEC approve such a unusual transaction???


1)Absolutely
2)No way in Hell
3)Probably not


Here's a 4th question and the most pertinent, and in fact rendering all other talk and or questions moot and useless:

4)Will any of this get even a little of your money back? Even a remote prayer?

4)not a chance in Hades....


The fact is, that still, to this day, the fact that Jim Dial will NOT allow the transfer agent to verify the share count to any outside person or entity, is the telling factor. If he doesn't know, then that means it likely that there's hundreds of millions of shares printed, and sold to the public, to either enrich him or someone else, or to prop up cash flow in a failing business. If he simply doesn't want the information to get out, then the same resons apply.

I also liked when BBB bascially admitted that he guessing about all of this "investment" and is basically gamblimg with his money. And feel very sorry for all the people who have mistaken his flowery prose for financial knowledge.