Grifco Inc (GFCI)

[cyofish]

Jim Dial has to know about authorized shares because he has to file the registeration with NV Secretary of State every year on the anniversary date. For a couple of years the authroized share was 200,000,000 while JD claimed there were only 40 million outstanding. This meant that Jim Dial could issue new shares up to the authorized amount. If he wants to issue any shares beyond the 200 million, he has to increates the authorize shares - Which he did to 400,000,000 million shares by filing an amendment to his corporate filing in 2006. Now ask yourself, why would he need to double it to 400 million. The answer is obvious, because he was going to go over the authorized amount.