Grifco Inc (GFCI)

[back2basics]

cyofish, thank you for taking the time it took to give your detailed opinion. However I don't think you addressed the situation I'm interested in.

In the case I'm interested in, Company A is an ongoing pink sheet business. I have thought for a while that A has been a scam all along. Company B (an honest company, I hope) joined A so they could trade publicly. The owner of B bought out A and is spinning off their assets. A was never bankrupt or out of business.

B is now working on an audit and has said the people at A aren't coming forward with all the information required. The purpose to to have an audit so that B can become a fully reporting company.

B bought out A in December. B got a new symbol approved by FINRA in May. B's fiscal year started May 1. 2010. It has been my understanding that in a situation like this a period of time must pass before B can do an audit that does not include A's data.

I don't think your answer addressed this situation. Again, thanks for what you have already told me, but please see if your answer addressed this particular situation.

B2B