Grifco Inc (GFCI)

[Dr Bill]

Here's another one!!!!

from jody:

1) Jim Dial said they have effectively bought back 320,000 shares.

What the hell does this mean? how do you "effectively" buy shares back? Either you are buying back shares in the open market, or you aren't. Are they buying share from an insider? That would "effectively" be buying them because he (theoretically) isn't selling them into the OM like he could be, so instead the company buys them back from him, "effectively", not releasing them into the OM is the same thing right?

Is Jarvis selling them shares? If Jarvis indeed issued himself a beaucoup boo-koo for you hicks out there load of shares as someone here has speculated, then instead of jarvis daily dump into the market of whatever he may have been doing, grifco buys the shares from him, that would fit into the "effectively" buying back shares statement right?

Jim Dial has a choice;

"Jody we bought back 385,000 shares from the open market so far"
"Jody we effectively bought back 385,000 shares so far"

A skeptical market says, "hmmm he must be doing something on the sly otherwise he would have said OM purchases" and IMO IMO will continue to further punish the stock. Down we go again because Jim Dial cannot give a solid, one sentence crystal clear answer to a question that is easy to give!

Jim Dial is IMO hurting this stock price and the biggest fear is that he probably knows it, and still will not tell the truth. Why won't he tell the truth?

WHY BBB?