Replies to post #8251 on Grifco Inc (GFCI)

[Dr Bill]

BB IMO your credibility just sank below dials', by a long shot.


2000 words to ATTEMPT TO DESCRIBE THE DESPICABLE ACTIONS OF THIS MANAGEMENT?


3) market makers selling shsres to each other at a lower price? COME ON. why would you sell me shares for .049 that you bought for .05 BBB? ANswer? you wouldn't. Just like a mrakte maker wouldn't sell shares down! He's there to buy low sell high just like you are.

2ndly, you left out the obvious anwer and number 4 (the sure thing)....dialer short on cash selling shares newly printed to people who liegitimately shorted this above .10 to cover, leaving retail sucker in the dust

there is no roll up merger, there is no busines plan and for the LOVE OF GOD

PLEASSE STOP REFERRING TO "NAKED" ANYTHING WHEN IT COMES TO THIS COMPANY MUCH LESS NAKED SHORTS
IT is just preposterous to read any more.

This is sick



BTW if it is naked shorting, there's nothing that can be done about it, even if management isn't complicit in the actions. If they're not, so what? it will never get oyour money back and the SEC denies it happends at all much less going to force shorty to cover.

youre smarter than that aren't you?
aren't you?

would you really buy into this company again?

[best2listen]

BBB, you misunderstood the PR

You post:

"For starters, each traunch considers a grand total of 10 gas wells, or 30 wells for all 3 traunch."

The PR says the warrants can be converted into "Participation Shares entitle the owner to a mandatory dividend of 33 1/3% on the Net Royalty Income from gas production realized on a total of 10 certain gas leases in Crockett County, Texas." Should be more than 1 well per lease! The difference in the series is the time on the warrants 2,3,or 4 years.

The conversion provides money to further develop the leases, as I read it, drill more wells. "Warrant Holders must convert in minimum traunches of $400,000 per gas well to be spudded."

These are Rule 144 warrants but have a registration rights agreement attached. You can (God help you) convert a series A traunch for $400,000 (2 million warrants at 20¢ ea.). I'm not sure how the income is divided as the wells are drilled and brought in to production. Seems that the longer you wait the more income will be generated from the leases as more wells are drilled.

Nice to see that I'm not the only one confused by this deal:-)

best2

[STRONGUS]

BBB, Great post explaining every detail as simple as possible. You are the best thing ever happened to Grifco:-)

[printmail01]

BBB > 3 words in this post is all you needed > rest of it is pure speculation > you have NO clue the O/S shares, the present share structure Or what was or was not paid for the leases > this is the only 3 words in the book you posted that have any value to a GFCI investor > "Something is fishy!"