Good post. Thanks. Resembles in part gfyf
and the notorious Mr. Ed. How in the world
can an individual with nothing, form a company
promote its stock and use the proceeds for
not only acquiring franchises but also to
be handsomely paid for it at the same time.
There are some very questionable tactics.
At the time that I bought into it, daytraders
were having a ball with it buying and selling.
Over 1 billion shares traded that day and
it closed at .0050. The board reflected a
a 52 week high of $5.00. and a low of.0025
That was false Gfyf was never at 5 dollars
at any time. Mis-leading to make it look
more attractive than it was. I bought on that
speculation. A month after I was in, Mr. Ed
submitted an sec filing that increased his share
to 6 Bil and self appointed himself as the
president of gfyf. Also maintained 70% of the
stock to avoid the possibility of any take over.
He also awarded himself a 25K month salary and
an aquisition bonus of 70K for each Frulatti
juice bar that he purchased with the sale of the stock.
He pumped and dumped several billion shares and
flatlined it at .0002, no longer able to generate
enough capital to pay himself 25K a month, he
filed for a reverse split 1 for 250 shares. Now
the new detailed quote shows it at a high of 1250.
It never opened at that level. It opened at .05 and
fell to its present level of .0165. He continues to
pump and dump. Hurting a lot of unsuspecting
investors in the penny market. I would love to see
Date line or 60 minutes do a segment on this crook
so the world can see how he has managed to rob
so many people. Does anyone know why gfyi stopped
trading at 11:49 today. I hope the SEC takes some
kind of action against him. I would have never bought
had I of known this person's greed.
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