Grifco Inc (GFCI)

[cyofish]

Grifco doesn't necessairly need to file 144A to sell shares. Read regulation A of the Securites act of 1934. Jim Dial can issue up to $2,000,000 worth of security in a year without a public filing or a Rule 144A registreration if he doesn't sell the shares through a broker. He can also sell more than that amount through private placement.

I think some people here have bits and pieces of a regulation but don't realize there are many loopholes and exceptions. The printing press theory isn't that far fetched. In fact, with the electronic exchange Jim Dial doesn't need to print anything. He and the BOD (ooopps, it's also JD)...He and He can decide on how many shares to sell in the open market and sell it. At least TTII 8K's the shelf registeration to sell 25 million shares. OBTW, I have also seen agreements where the principal of a merger ask for reimbursement of cost if the merger or the buyout doesn't go through.