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Tuesday, February 27, 2007 12:51:22 PM
The Company is currently in negotiations with Grifco to "go public" and thereafter enter into a share exchange with the shareholders of Grifco in consideration of utilizing management expertise and know how.
Jim Dial looks in the mirror: "hiya Jim" "Hi yourself Jim" "So, Jim, you want to spin out these Universal assets to those pesky Grifco shareholders who have been calling you night and day for the last 2 years, threatening lawsuits, posting your personal information and cell phone number on various message board, calling you names like liar, scam artist, penny pumper?" "Well, now that you asked I really don't think that's going to work out" "OK Board votes NO"
Talk about arms length!
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