Grifco Inc (GFCI)

[cleverrox]

No assets? They have Lucky Summit Poker, whose competitor Party Poker was expected to be worth $5 billion dollars! Therefore, just by being in the same industry, Lucky Summit Poker would be worth maybe $500M? </end of sarcasm>

http://www.luckysummit.com/

Well it is an asset, not that I can place a value on it. It really doesn't matter at this point anyway. Just because Jarvis previously owned the Litfiber shell doesn't make Grifco a bad company. To say so would be to confuse correlation with causality.

I have little doubt that Jarvis scammed Grifco into paying more for his shell Litfiber than it was worth. However, I think that Dial has learned from that experience and is surrounded by people who are going to prevent that kind of mistake from recurring.

The word for word language in the share buybacks is no doubt evidence of the common thread that binds the two companies, Mike King. I wish for his ouster as soon as possible. There is no evidence that Jarvis has any influence within the current company.