Grifco Inc (GFCI)

[Dr Bill]

jtomm

there are two issues, one being that the SEC won't go after anyone that didn't file something omissive, or commissive in their 10 filings. In the case of Grifco, the PRs all have that nice "forward looking" statement at the bottom in the fine print, and they cannot chase down executives for things that "investors thought they heard on the telephone".

the second issue is that "investors" always have the options of a shareholder class action lawsuit. If you can remember one that has been successful please let me know. I know of one or two, in the last 10 years. If you can remember one that came from the pink sheets without SEC filings to back it up you get a gold star, because I don't think there ever has been one.

IMO this is why Jim plays fast and loose with his telephone conversations and forward looking statements but very very close to the vest with actual facts.

WE'RE GOING TO BE ON AL HAIG TELEVISION SHOW

BIG ORDER FROM VENEZUELA COMING

20 CENTS A SHARE ON 20 MILLION IN REVENUE COMING UP

BIG ORDERS COMING FROM CHINA

THE GO AHEAD TO PROCEED IN LIBYA!

100 JET MOTORS AT 2 MILLION PER MONTH FOR EACH 50, EXPECTED SOON!!!

We have shipped and installed three jet motors so far.


All things that have been on PR's.

Have you seen follow up on jet motor, venezuela, china, libya, revenue for the last 7 quarters, shares outstanding in print, anything from the transfer agent to verify what you "think you heard on the telephone"?

I didn't think so.