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Re: cyofish post# 10515

Saturday, 08/16/2008 11:33:10 PM

Saturday, August 16, 2008 11:33:10 PM

Post# of 14027
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.

Thanks again but I'm familiar with meaning of "authorized"...
Can you prove that "Grifco could just as well have 1 billion shares." - if yes, this is huge shorting issue and shorter will need to cover...

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.
I feel sorry for "longs" here... About GFCI stock as a play - only time will tell...

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.
Don't use so cheap tactic here - if you have something real to post - do it, if not - don't spread this BS


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