this is all my opinion
The answer to your question is probably because of greed. Follow the money.
Who is the biggest shareholder of record? Jim Dial? Now, if you would have known that only people who certed shares would even have a chance to get the warrants, then they would have had a flulrry of shares being certed. PRobably in the neighborhood of 200 Million. Or more. Much more. That would be bad becuse it almost certainly owuld have resulted in costing grifco money from the TA, they would have had to share all the profits with warrant holders, and the true share count would have become known. If you cert shares and it turns out to be that 200 million or more stubs are ordered, it's kinda hard to claim a naked short position isn't it? So Ol jimmy pulls a fast one, yet again and only gives warrants to people who have certed their shares. Viola! It also serves to delay the crashing of grifco stock so that they can do more pipes, print and sell more shares, etc.
Now, there is another business bought and paid for, jim dial can declare bankruptcy with grifco, he owns the gas company and the drilling company, and whatever % of the profits he doesn't have to share with jarvis, BB, Lois, all the others who were in on it.
Jim owns the other company, and I would not be at all surprised to see this reed lawsuit end up in a BK announcement for grifco.
Poof, jim dial is no longer the CEO of a public company and "you guys" financed the whole project by buying grifco shares all along.
Didn't someone say a long time ago that Jim Dial was a mergers and acqusitions specialist?
Whats the best Acqisition there is? Buy a company for yourself with OTHER PEOPLES MONEY!
Woever talked you all into waiting to cert your shares, jim dial owes him a cheeseburger. I'm betting BB was against the whole "cert your shares" project wasn't he?
Hmmmmmmmmmmmmm
IN OTHER WORDS
THERE IS NO SHORT POSITION!!!!!!!!!!!!!!!!!!
