Grifco Inc (GFCI)

[cyofish]

I went back to St. Louis a couple of months ago. I last lived there in 1994. Went down a busy street lined with strip malls and restaurants near where I used to live. 80-90% of the tenants in these buildings change. Now, all the businesses that used to be there were "real business". Obvioulsy, it takes more than being real to stay in business.

Even today there are buisnesses popping up every day. When Starbucks was gong strong there were some people spending $30K-$50K opening up a competing $5 coffee shop. Their monthly overhead at $5,000 - $7,000. How many cups of coffee do they need to sell to break even?

Just because a company is in the "hot industry"...or have real products. It means nothing. Expecially in Grifco's situation. There are con artist and crooks that always try to take advantage of this type of situation. I'm sure there this a special place reserved for Dial and Jarvis in hell.