Grifco Inc (GFCI)

[cyofish]

The company had a real small business, with real marginal products, and existed as a mom-pop neighboorhood opeartion. The last financial statement sent out by Mike King FYE 2004 showed a company with $123 in the bank, 2004 net income of $37,000, and assets of $400K. Suddenly, a known pinksheet scamster name John Jarvis gets involved and takes it pulbic via a reverse merger. The company goes short on disclosure and long on terrific forward PRs. In less then a year they are bragging about tens of millions in revenue and millions in income. Less than a year going form a local yellow pages presence to a global conglomerete with footprint in South America, China, and the the Middle East. Loudly touted by hordes of unkown aliases/agents on dozens of message boards. A lot of too good to be true greed stories which can never be verfied.

Hard to believe that people actually thought this had "real potential". I guess greed made them blind.

JMHO