Grifco Inc (GFCI)

[best2listen]

Warrants "Record Date" isn't the distribution

date. Warrant distribution may happen some time in the (big, string-you-along, extends-on-forever) future. Record date, so what! We had a "record date" for the CTBG share dividend in May.

http://biz.yahoo.com/iw/060505/0127376.html

A record date just means the company collects shareholder names and holdings for a future distribution when/if that "forward looking" distribution ever happens.

My point about the disclaimer was that they lied in the fine print since, to my knowledge, there are no "SEC Filings" providing information about risks. The legal disclaimer - of all the places to lie, or mislead!

You post about taking on a small company, "The rewards would actually be greater."

Maybe not if, for example, Grifco expends all their cash defending against the law suit and transfers assets out of the company (one way or another) while the suit is in progress. If someone spends 25K they could easily uncover an empty purse and a bankrupt company IMO. I think that if Grifco had good income they would brag about profits (instead of purchase orders) in their PRs.

Just some thoughts about a hypothetical law suit.
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