Grifco Inc (GFCI)

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B2B, don't forget the Russian oligarchs

who probably own the Cyprus hedge funds Robinson Reed, Inc. and FFC3 ApS. These funds were located in Cyprus and Denmark according to the lawsuit response from Dial. The funds have a judgment against Grifco and were issued a lot of GFCI shares as part of the loan as I recall.

They might have lapped up much of the restitution money but that''s just a guess on my part. Wouldn't have known that Cyprus was a place where Russians hid their money if it were'nt for the latest European crisis. One set of crooks borrows money from another bunch of crooks. If that''s true it could help explain why it's taking so long to get something done.

GLTA
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