Grifco Inc (GFCI)

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Robinson Reed is associated with a group of Hedge funds located in the Virgin Islands, Not good news IMPO - Here is some more info from another deal I found. Interesting this deal is with TIDELANDS Oil & Gas out of Texas. A convertible debenture.

http://sec.edgar-online.com/2005/11/14/0001010549-05-000831/Section8.asp

On July 5, 2005, September 19, 2005 and September 29, 2005, Mercator
Momentum Fund III, L.P., Monarch Pointe Fund, Ltd (the "Funds") and
Robinson Reed, Inc. (a managed account of the "Funds") notified the
Company of their intent to convert portions of their remaining 7%
convertible debentures into common stock which were converted as
follows:


Number of

Entity Amount Price/Share Shares
July 5, 2005

Robinson Reed, Inc. $ 200,000 $0.76 263,158

September 19, 2005

Mercator Momentum Fund, L.P. 92,000 0.70 131,429
Mercator Momentum Fund III, L.P. 60,000 0.70 85,714
Monarch Pointe Fund, Ltd. 196,000 0.70 280,000
Robinson Reed, Inc. 52,000 0.70 74,286

September 29, 2005
Mercator Momentum Fund, L.P. 207,000 0.71 291,549
Mercator Momentum Fund, III, L.P. 144,000 0.71 202,817
Mercator Momentum Fund, Ltd. 459,000 0.71 646,479
Robinson Reed, Inc. 90,000 0.71 126,761
Total $1,500,000 $2,102,193

The "Funds" shares issued were all included in the Company's
registration statement filed on Form SB-2 which was declared effective
by the Securities & Exchange Commission on May 27, 2005.