Grifco Inc (GFCI)

[back2basics]

So, now it's Ozona Natural Gas. I'm betting it the same leases that Dial cheated GFCI share holders out of with his "First Texas Natural Gas" ,scam.

Old Timers may remember that he said the Crockett Co gas leases were part of Grifco. After floating several million unregistered shares of GFCI, into the market. he piously announced that in order to save GFCI Shareholders from the inherent risk of O&G plays, he was creating First Texas Natural Gas"

That was the last time Dial put Grifco and FTNG in the same PR. FTNG went bye bye for GFCI shareholders.

In the meantime Dial was peddling FTNG shares, in Europe, with no mention of GFCI. That was legal, because GFCI was NEVER a part of FTNG.

He used the money, from his sale of unregistered GFCI, to buy the Crockett Co gas leases.

The shares were put into the Market, by Golden Gate Securities. The SEC seized about $2 million from GGS. That money was used to pay some fortunate GFCI bag holders, some restitution.

Funny thing. In the late 1950s, I worked on the Phillips seismograph crew the made the Crockett/ Valverde Co discoveries.

B2B