Grifco Inc (GFCI)

[jtomm]

The Total Take?

If Grifco is a scam, do some quick back-of-the-envelope math and one can see that there's plenty money in this sort of thing.

Grifco's average volume according to yahoo is over 500k shares a day. Let's be conservative and use only Grifco's lowest share price of around .20 per share. Let's assume that 300K of those shares are scammers selling worthless shares to the public and the other 200K in volume is old shareholders selling because they're getting tired of the story.

300,000 X .20 =$60,000 per day, times roughly 250 trading days for a grand total of $15 million per year.

Then consider that the average price has been far above .20 (probably closer to .40) and it's already been going on for over a year.

And now they're starting again with another company.

If you're just printing up shares, all you really need is volume because your cost of the shares is zero. Share price isn't really that important. You can build a nice little illegitimate fortune, 20 cents at a time. Or even 10 cents at a time. Or 5 cents at a time. Who cares?

PR's about acquisitions, new product announcements, mergers, spinoffs, alleged revenue, etc. create buying excitement and thus, volume.

And because it's just a little pink sheet penny stock, nobody will think there's any money in it.