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msgbrdinfo

05/26/09 12:10 AM

#646 RE: forzagrifo #644

'forzagrifo', when you say, "The deal was simply exchanging the debt for common shares", do you mean chfi.ob controlls those shares? That would mean chfi.ob controls those 3 "Limited" companies that took on the shares. That was my original theory but after re-thinking it, it sounded like maybe those 3 companies paid the debt to chfi in exchange for the shares valued and issued at a premium from GFRE.

Also, why would they say, "There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Ms. Yu had, or will have, a direct or indirect material interest", when she's the CEO of CHFI.OB?

I know, just to pizz me off! LOL



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littlejohn

05/26/09 1:33 AM

#650 RE: forzagrifo #644

GFRE looks like they have the numbers and length of time filing to apply for an uplisting if the price appreciates some more...Doing an r/s just to uplist in a questionable market environment would raise my eyebrows wondering if patience wouldn't be better...

The Market Makers listed on level 2 are many more and some very different ones already from what you normally see on most Bulletin Board listed stock's level 2 lineup...

CHFI could also benefit if GFRE gets uplisted by raising awareness to the company's track record...

So what's good for one should be good for the other also...perhaps...LJ