Grifco Inc (GFCI)

[cyofish]

Like I told you before no I haven't heard of such thing but I'm sure it's happened before.

The simple fact is SEC has regulations. In order to seek legal/financial remedy you have to tell SEC which regulations Grifco violated. The matter about stocks being sold to cover the CTBG shortage doesn't directly relate to a regulation but Grifco not disclosing CLEARLY the facts and circumstances of the matter that caused such action to take place is what SEC would be interested in. Specifically, they failed to disclose material information. They violated rule 10b-5 of the Exchange Act. If you and others had known there was a problem and a possibility of an adjustment to your CTBG distribution, the shares would have never been sold. Because the public wasn't informed certain people sold out which caused great financial injury. Complaining to SEC about all the peripheral stuff isn't going to help because they're just going to look at it as a civil matter and not a regulatory matter.