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Monday, October 31, 2005 7:25:21 AM
Why would they leave any assets with grifco intl? If they are leaving grifco to flounder and not report, why not transfer all the assets into the new shell?
My fear is that they will transfer all of the lackluster assets into the new shell, transfer all of the long shareholders stock in GFCI into the new shell, keep the jet motor and the global oil tools in Grifco for themselves to own it outright, and not report. What is to say that this isn't happening? Anyone got any ideas?
Did they have a shareholder meeting to vote on this prospect by the way? Where were the proxy forms that I was supposed to get? I know I've only got 16K shares but I still should get a vote in a public company's spinnoff, reverse merger, reverse split, etc shouldn't I?
These guys might just be playing fast and loose with your (my) money.....
feedback would be great
TIA
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