Replies to post #6806 on Grifco Inc (GFCI)

[Dr Bill]

Reverse split here we come!

You will, at some point, if my suspicions are correct (they have been right on the money, so far) get a reduction in your shares from anywhere from 10 shares down to one, to 20 shares down to one.

The logic states that the company's stock price will also be INCREASED by that same factor, except it usually doesn't last more than an hour on open trading.

People owned litfiber, in HUGE amounts. 100,000 200,000 a million here and there...when it R/S to GFCI a million share holder suddenly had 100,000 shares and saw his shares decrease in value from about a dollar fifty, to the current .16 range. Money multiplying the wrong way. All legal. All without the hint of any bodily harm happening to the people doing the dealmaking, or any other repurcussions (IMO not counting the one way trip to Hell upon one's last breath) legal or otherwise.....


this will not end pretty, IMO

[10 bagger]

GFCI...

As GFCI increases it's shares outstanding and not auth.. where do the extra shares go.. It appears that all the talk about being in the spa business was just that and as usual BBB has the correct info.. BBB it appears that your closeness to GFCI borders,, If not the source of insider information,, is certainly privlidged information.. It doesn't matter if a roll up was being done share for share that the Auth Shares had to be increased.. Moose Pasture Inc.. A new company could of issued share for share at the 40,000,000 level and obtained the assets.. As J.Dial and the boys have sold all thier shares into the public this is thier opp to reacquire thier interest back in the rented forklift company with out putting up any cash... The rollup on a share for share basis infact would show there are no naked shorts and that J.Dial owns no shares... All he has to do now is option himself as many shares as he wants to exchange in the rollup.. Option ,,yes for services rendered and the time it took to keep the mirrors clean in this smoke and mirror show.. Moose Pasture Inc. is now regestered and will be leaving soon,, All Aboard!!!! hank

[starfire]

BBB, JD's Universal Energy Resources is not an OTCBB reporting company!! So how can you say or assume that GFCI will roll up into that company?? Did I misread you?

[cyofish]

BBB with all due respect, your theory doesn't fly

You said:
"400 million, and now we know without a single doubt that the other corporation -- Universal Energy Resources, Inc. -- has also been recently incorporated with 400 million A/S.

Now, it also logically follows that not only will Grifco's shares be fully exchanged for an equal number of shares -- one for one -- of this Universal Energy Resources company, but also most, if not all, of Grifco's asset mix should be rolled up into this new company, as well. And all this we have gotten via some recent PR's"

Autohrized Shares = maximum shares Grifco can issue. This number doesn't have to match between the 2 companies in order for Grifco to do a 100% transfer. When the balance sheet Equity is transferred 100% you have a full transfer. If there is only truly 39,000,000 shares, UER only needs to swap out 39 million shares for a 100% merger (or absorption) of Grifco.

Keep in mind too that there are shareholders in the merging company that will also get shares. So even if there is only 39 million shares now, there will be additional shares after the merger since 2 companies are going to be absorbed into a different entity.