Grifco Inc (GFCI)

[back2basics]

I talked to Kesha today, God News - Bad News

Bad News. The restitution hearing didn't happen. The Judge told the Procecution and defense attorneys to work out who was eligible for restutution. She expects to be doing a restitution update by the en of the month.

More bad news. The Checks ain't in the mail and won't be until after the first of the year. Plus Jarvis' assetes haven't been sold yet.

Good News.. Looks like there's going to be more money in the Restitution fund than I had thought. $ 2 to 2.2 mm from jarvis' house and another few hundred hundred K from his assets. Cars etc.

PLUS The SEC is holding about $1.6 mm for the fund. Looks like we may have ~ $4 mm in the kitty. My guess is that the SEC is holding money from the GGI and Uselton fines. She didn't tell me that.

The SEC is going through some kind of process which they hope to have completed around the new year. We'll be getting SEC checks first then DOJ checjs followed by much smaller checks for a few years. I think that when the criminals get out of prison, the DOJ will garnih part of any pay they earn.

There was a time when I never even thought of restitution. Then when the DOJ started kicking around numbers I thought maybe a million or two. I'd have been happy with my cut of a million.

B2B