Grifco Inc (GFCI)

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It's alive, ALIVE!

Is Jim Dial an executive with Ozona Nat Gas LLC? Rick_Rex has been all over this story on other boards.

Apparently Ozona NG gave VORTEX RESOURCES CORP (formerly EMVELCO CORP) a custom reaming last year with some gas wells in (you guessed it) Crocket county TX. I was surprised to see Trans Global Financial again. If it's the same crew, they are now a Mergers and Acquisitions Consultant instead of non-recourse call stock loan shark operation.
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http://markets.on.nytimes.com/research/stocks/fundamentals/drawFiling.asp?docKey=137-000114420409028327-0E9TN15MMPAHGEJG5H8N00VHIU&docFormat=TXT&formType=10-Q

"On July 1, 2008, DCG entered into a Drilling Contract (Model Turnkey Contract) ("Drilling Contract") with Ozona Natural Gas Company LLC ("Ozona"). Pursuant to the Drilling Contract, Ozona has been engaged to drill four wells in Crockett County, Texas. The drilling of the first well commenced immediately at the cost of $525,000 and the drilling of the subsequent three wells scheduled for as later phase, by Ozona and Mr. Mustafoglu, as well as the wells locations. Based on Mr. Mustafoglu negligence and executed un-authorized agreements with third parties, the Company become adversary to Ozona and others with regards to surface rights, wells locations and further charges of Ozona which are not acceptable to the Company."

"On August 19, 2008, the Company entered into that certain Employment Agreement with Mike Mustafoglu, effective July 1, 2008, pursuant to which Mr. Mustafoglu agreed to serve as the Chairman of the Board of Directors of the Company for a period of five years. On December 24, 2008, Mike Mustafoglu resigned as Chairman of the Board of Directors of the Company to pursue other business interests. Further, that certain Mergers and Acquisitions Consulting Agreement between the Company and Tran Global Financial LLC, a California limited liability company (Mr. Mustafoglu is the Chairman of Tran Global) was terminated. Via its consultant the Company issued a notice to Mr. Mustafoglu that it hold him responsible for all the damages the Company suffering and will suffer in lieu of his presentations, negligence and co-conspire with others to damage the Company."
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Wonder whether JD will ever get any grief from the SEC over the CTBG distribution.

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