Grifco Inc (GFCI)

[Dr Bill]

This, from RB, about sums it all up:
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I can not believe that there is no heavy action in trading GFCI with the current news and the coming DIVIDENDS. MMs controlling to steal cheap shares???
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This is likely seen as the market as Fluff PR, outlining strategies that are pure fluff, and designed to simply manipulate their own share price, and have nothing to do with the core business of manufacturing, and rental/sales of oil field tools.

Basically the market is saying, YAWN, divide one pile of non-reporting pinkie into two smaller piles of non-reporting pinkie, and it's a non-starter. Spinning off a division in a 15MM market cap company just doesn't make any sense.

Up until now, they haven't proven anything about anything. The above speculation about "MM"'s doing anything to "steal cheap shares" is ridiculous, IMO.

There is no reason to be doing this other than share price issues, in the short term. Management being publicly forthright, about share count, about the transfer agent, about the delay in financial accounting, about an accurate timeframe until SEC will have on file the real true numbers, is the only thing that is going to make GFCI shares worth suubstantially more next week than they are this week.

That, or a crafty PD scheme. I would rather have an open honest asseessment of really, what's up>>>>>