Grifco Inc (GFCI)

[best2listen]

WOW, if CTBG issues shares to cover JD

it would add a new dimension to the ongoing mess when the new shares are distributed. Some holders were forced to buy CTBG shares at ~5 cents. If Swinford covers at this late date they would get the same number of 1 cent shares added to their accounts.

I have a theory that a certain amount to scamming is allowed (even encouraged by light penalties) so that money managers have horror stories to prospective clients. I wonder if JD will ever face criminal or civil charges if he settled this suit for "a very small amount of money".

Everyone lost confidence in our institutions when the credit bubble collapsed. Securitization without proper regulation ran amuck just like it did in the 1920's before the Glass Steagall act.

Tom Paine:

"...panics, in some cases, have their uses; they produce as much good as hurt. Their duration is always short; the mind soon grows through them, and acquires a firmer habit than before. But their peculiar advantage is, that they are the touchstones of sincerity and hypocrisy, and bring things and men to light, which might otherwise have lain forever undiscovered."
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Thanks for keeping us posted
best2