Replies to post #7260 on Grifco Inc (GFCI)

[lentinman]

Clever:

"It all comes down to faith baby! Do you trust Jim Dial?"

You are 100% correct. It all boils down to that. Now, we only have ONE method with which to evaluate his trustworthiness - right? That is whether he has been trustworthy thus far. And, of course, the only evidence is that he has been anything but trustworthy. It isn't too big a reach to say NOTHING he has promised has happened.

Therefore, the only evidence that we have is that he can't be trusted. And, yet his trustworthiness is the only reason to be in the stock. If he is trustworthy, the stock is a steal. If he isn't, you will lose 100% of what you have.

Len

[best2listen]

Hi Cleverox, I'd believe him if he told the SEC

about earnings in a filing. However, filings and follow-through are not Grifco strong points.

"Post re-structuring the control of this company will be solely in Jim's hands if I read the merger proposal correctly."

That's the way I read it: Jim Dial, with his super shares, is master of the reorg.

On the other hand, the slick N.Y. types will assist Grifco with their filings. Jim may find that he's pulled the wooden stake from the heart of GOMD, it's returning to life, leaving it's tomb, and looking for new bagholders to drain. (sorry, I may have read too many of BBB's poetic personifications)

Interesting to see if N.Y. gains control somehow.

As for Grifco's valuation, you're right - it could be anything and the market price could be way off the mark. It's been pointed out countless times that there's not enough information to properly evaluate the company or it's prospects. That's suspicious by itself - if things were going well I think that Grifco would find a way to tell the world all about it.

best2