Grifco Inc (GFCI)

[blue_in_MI]

i haven't bothered to read any GFCI news since last summer or early fall, but caught up a little today.

really all the GFCI news releases are completely worthless and meaningless - not a damn thing that means diddlysquat. i was willing to keep an open mind for awhile, but - their infamous "$2.25/share buyout" PR last july was an obvious bait and switch and a clear sell signal (not to mention outright fraud in my book, though i'm sure lawyers would get them off).

this whole gas lease stuff is the latest in a string of meaningless nonsense. all the PR says is:

"The Company is currently in negotiations with Grifco to “go public” and thereafter enter into either a share exchange or dividend payout to the shareholders of Grifco in consideration of utilizing management expertise and know how."

translation: "shareholders will get squat, but needed to PR *something* before we dropped to the .02's and this is the best we could come up with even though it's incredibly lame because the bag of tricks has run dry"

GFCI wrote the book on how to generate an endless string of empty promises, why would they even bother to follow up on something as vague as "in negotations with". really they have some serious balls to even put "dividend payout" in the PR after their clear history with the CTT "dividend" which of course will never happen.