Grifco Inc (GFCI)

[Been_Burned_Before]

A few excerpts from USA Today.

These were taken from an article appearing earlier last month and written by Matt Krantz.

It isn't as easy as it once was to scam investors by using the Pink Sheet stocks. Read the following:

"The Securities and Exchange Commission has moved to make things more difficult for people who want to use the Pink Sheets to take advantage of unsuspecting investors. It is seeking out dormant stocks and delisting them. It also requires a public shell company, when it ceases being a shell company through a reverse merger (in which a shell company adopts an existing trading company's identity), to file with the SEC the same information that would be required if it were becoming a public company."

It is very unfair to say that Pinks Sheet stocks do not move on to list on better boards. Read the following:

"Companies that list on the Pink Sheets rarely move on to bigger and better stock markets. Last year, just 14 of the 4,570 Pink Sheets companies trading graduated to the NYSE, Nasdaq or American Stock Exchange, PinkSheets.com says. Meanwhile, 126 Pink Sheets companies were delisted, filed for bankruptcy-court protection or no longer trade, PinkSheets.com says. This year, 151 Pink Sheets stocks have been delisted or no longer trade."

And according to that same USA Today article, as many as 8 Pink Sheet companies have been able to move on to the New York Stock Exchange, Nasdaq or American Stock Exchange. I consider this to be a very encouraging statistic -- at least we can know that it is NOT an impossibility for Grifco and/or CTTI to accomplish this very ambitious goal.

If you care to read any more about all of this, here is the web site for that article:

http://www.usatoday.com/money/perfi/general/2005-11-10-pink-sheets-mym_x.htm

Been_Burned_Before