Grifco Inc (GFCI)

[jtomm]

Yes, I Doubt The PRs

"What am I doing reading a pink sheet bb?" It's a free country, I can do what I want. Besides, according to the company, this wasn't supposed to be a pink sheet BB by now, remember?

Since it's a free country, I can also post a link to a screenshot of a blast from the past (you might have to click on the picture to enlarge it):

http://img122.imageshack.us/my.php?image=grifco0029pv.gif

Not a whole lot has changed since then, except the stock has been pimped by paid touts. Website essentially hasn't changed, except they're using a new template. Management info removed. Still using the bulletin board to post their news, but they won't let "members" post anymore (not fair!)

Lots of great sounding PRs and I'm guessing there will be more to come. But still no financials even though the company said they would be ready by the middle of May 2005. On Jan 13, 2005:

"In addition to the new equipment, Grifco International is presently working with its accounting staff to compile and audit financial statements in anticipation of becoming an SEC fully reporting company. Grifco International believes this process will be completed in the next 3-4 months."

http://biz.yahoo.com/iw/050113/079011.html

Plenty of excuses for why they're late.

CEO couldn't remember the name of the auditor in the conference call.

Never have been able to get a name, phone number, or website for the alleged auditor.