Replies to post #3 on Grifco Inc (GFCI)

[lentinman]

trail:

The dilemma that I see is this: It proved that it can jump from $.40 on news. $.40 seems to be support. I would consider buying it there.

HOWEVER, the fault in that logic is that if it is a scam, then I will lose 100% whether I buy at $.55 or $.40. Irrelevant. If it isn't a scam, then it is worth $5.00 and so why take a chance on not getting the stock for 15 cents??

So, I can't figure out what to do. Obviously, there are very smart people that disagree on this. Regardless, good luck.

Len

[jtomm]

In general, I'm still pretty iffy on GFCI. Patent numbers not matching up (suggests either sloppiness--in which case, how sloppy will they run the business?--or a lie). My call to the company has not been returned. Email inquiries have not been returned. Website looks like a template and info about some of management is pretty vague. And what's with dot-org?

Announce "earnings" but give no specific info on shares outstanding, debt levels, share structure (are there preferreds with wacky terms? a boatload of options?, we don't know anything).

And that volume of the top is quite disconcerting.

There may be good explanations for many of these, but lentinman makes the point, if it's a scam, the loss is 100%.