Grifco Inc (GFCI)

[cyofish]

BBB, a few things.

First, without knowing the capital structire of the company it's hard to make such statements about what we're entitled to. What if Grifco has more liabilty than assets? In this case they will have negative equity and the shareholders are entitled to nothing upon Ch 11 BK, or a total liquidation.

Second, whithout knowing the terms of the purchases we can't say who owns what or who is owed what

Last but not least. shareholders aren't necessary entitled to pro-rata share of profits or sale of assets from a coproation. It just doesn't work that way. Just imagine how messy business would be if all corporations had to follow that principle. I understand Grifco PR'd some things that indicated share exchange etc. However, how reliable had those PRs been? The deals didn't go down as stated in the PR for most part. For instance, Grifco shareholders were entitled to UERI warrants. Were there any warrants? Next, UERI was suppose to merge with Grifco via share exchange. That it happen?

Bottom line is, without the financials how can anyone make an informed decision?