Grifco Inc (GFCI)

[cyofish]

well, you don't seem to grasp the history of this company. Authorized shares is just the number of shares that CAN be issued. It is not the number of shares that are actually issued. The Board (in this case it's one individual) can change the A/S by a simple vote (in this case one vote). About 2 years ago they went from 200MM to 400MM. Again, in pinkie land none of that matters. Grifco could just as well have 1 billion shares.

As much as people got burned by this stock, nobody is going to be buying into any PR hype. Many people lost more than what was invested in GFCI. In fact, some people had their 401K/brokerage accounts wiped out as a result of this company. There is no play here. It's dead. kaput.

If you're part of Leonetti's concerted effort to hype up this shell as new play but at least wait until he makes the name change, reverse splits, and changes the nature of the business.