Grifco Inc (GFCI)

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IMO This is CLEAR proof of Jim Dial lies and deceit. Read this paragraph from BBB post highlighted below, knowing what we now know from the RReed lawsuit about debt and issued restricted shares, debentures etc.. issued BEFORE this statement and it is CLEAR CEO Jim Dial lied to these folks or the poster is lying he made these statemnts were made, IMO Jim Dial LIED outright to these investors AND IMO he should be held liable for this and MANY other outright deceitful LIES.


At any rate, at the time, we were told that Grifco's share count was "39 million and change" to quote Dial. We were also told at the time that up to that point, Grifco had already bought back about 1.2 million shares on the open market. There are but only common shares -- no preferred shares, no debentures, none of the floorless convertibles, no warrants and no classes. Just common shares! Grifco's shares are divided into restricted shares and free-trading float. At the time, we were specifically told that the free-trading float was but only about 8 million shares. Oh, Grifco and CTT have absolutely no debt of any kind, and the two companies are profitable. Further, Libya is going to be really HUGE, far bigger than many realized; in fact, it is going to be far bigger than even Grifco initially realized. Libya is poised to spend as much as $47 billion to attract U.S. business.



(Ihub post)
Posted by: Been_Burned_Before
In reply to: None Date:6/20/2006 6:04:55 PM
Post #of 9822