posted
this could be a two way street. obviously the sec was getting complaints from shareholders. does this suspension mean, the sec is going to investigate the company, the prs and etc and then release its findings and then resume trading on aug 9. this could be very bad news or a once in a lifetime shot in the arm at a high pps. if sec finds everything was like the company says it could make gryf go up nice. but, this could also be gloom and doom. lets hope for the best.
Posts: 15 | Registered: Jul 2005
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read the sec filing: copy and paste the link---http://www.sec.gov/litigation/suspensions/34-52127.pdf--- , everthing i posted about this company seems to be true. it was just a matter of time before the SEC stepped in. i gave you the facts but i was bashed off the board!.pumpers dont do DD they just hype the stock!. see! they never give up! i have pages of DD that indicate this was a scam. and all i used was my coputer, imagine what the SEC has!. how much more proof do you need! you have been had! except it! NO GOOD CAN COME FROM THIS!! ---- peyton976 you have a pm.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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I really would like to think that FOT would not pick a company that is a scam!!! But if so that's FUC#ED UP! Whatever...I don't have enough money in this to really care!!!
Gotta ride it out...
U.S. SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 52127 / July 27, 2005 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of Greyfield Capital, Inc. (“GRYF”) a Nevada corporation that trades on the Over-the-Counter market under the trading symbol GRYF, at 9:30 a.m. EDT on July 27, 2005, and terminating at 11:59 p.m. EDT on August 9, 2005. The Commission temporarily suspended trading in the securities of GRYF because it appears to the Commission that there is a lack of current and accurate information concerning the securities of GRYF because of questions as to whether the company was validly reorganized as an Oregon company and the identity of its current officers and directors, whether there have been inaccurate statements about what line of business it is in, whether its recent issuance of shares was validly authorized, and whether there are exaggerations concerning the magnitude of the company’s operations in recent press releases. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has questions as to whether or not he or she has complied with the rule, he or she should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he or she should refrain from entering quotations relating to GRYF’s securities until such time as he or she has familiarized himself or herself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker, dealer or other person has any information that may relate to this matter, they should immediately communicate it to C. Joshua Felker, Assistant Director, Division of Enforcement at the Securities and Exchange Commission. He can be reached at (202) 551-4960, or by e-mail at FelkerC@SEC.GOV.
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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quote:Originally posted by $Keith$: I really would like to think that FOT would not pick a company that is a scam!!! But if so that's FUC#ED UP! Whatever...I don't have enough money in this to really care!!!
I ride it out...
He picked a stock that made money for people that listened to him. I lost about $12,000 on this one because I didn't listen to him. His exit pps was .0013 or .0016. Anyone that listened to him made money. They got in @ .0005 or .0006, and got out around .0013 - .0020.
I bought in at .0069, which was a $12,000 mistake.
FoT has great picks, including GRYF! I have made money every time I listened to him so far. I didn't listen this time, and I lost because of it.
I got in FoT’s new pick, ICMH, yesterday with my GRYF money. If he says get out, I’m out this time. His call on GRYF was .0013, his call for ICMH is .01 - .05. It was up yesterday, and is today.
Good luck all.
Posts: 809 | From: NYC | Registered: Feb 2005
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Wow this is great news. I put my sell order in today for .18 ( eighteen cents ) for a million shares I'll let you know if it goes through. GLTA
-------------------- If your reading this then obviously you have time to do research before you buy or sell a stock Posts: 143 | Registered: Jun 2005
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quote:Originally posted by Durple: Wow this is great news. I put my sell order in today for .18 ( eighteen cents ) for a million shares I'll let you know if it goes through. GLTA
.18? in what stock?
Posts: 809 | From: NYC | Registered: Feb 2005
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YEEEEOUCH!!! Didnt see that coming- How much you got in this Durple?
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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1 million shares. I'm being a little optimistic if you didn't notice but hell only got 2k in it, so hopefully they pull out of this strong.
-------------------- If your reading this then obviously you have time to do research before you buy or sell a stock Posts: 143 | Registered: Jun 2005
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the SEC has suspended trading until aug 9th while they investigate this scam! keep up!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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This is NOT good news, and there is no way it can be construed to BE good news. If there is paperwork out of order, this stock is dead, and it will never come back. Ball is in the company's court. If they do nothing, it's gone.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Well look at it this way: if the SEC finds its a real company, we can use that fact to our benefit since most companies are said to be fake.
Posts: 1468 | Registered: Jul 2005
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the SEC statement pretty mutch spells it out, company pr`s may have contained materialy false or missleading information, that the companys assertions about itself and the type of buisness they are in may have been exagerated, that the company may have engaged in the unauthorized trasfer of shares. the SEC does not suspend trading without clear evidence of wrongdoing, my DD indicates the company is a fraud, and that they may have ingaged in stock manipulation witch is securities fraud. i beleive the SEC will reach a similar conclusion.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Madmoney? Since you seem to work for the SEC and have all the answers, How does a company that is a fraud, engage and pay for KPMG to do an internal audit on non existant assets? The cost alone of retaining KPMG would be prohibitive. I would also think that after three weeks of auditing a company of KPMGs stature would have already visited the actual locations and realized that the dealerships did not exist. But you have all the answers, we're just morons who bought a fraud company, right?
-------------------- Life is what happens while you're busy doing other things. Posts: 47 | From: New York | Registered: Jun 2005
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if i had a couple grand i could hire kpmg to audit my tag sale! kpmg relies on info provided by the company, i seriously doubt they visit every small buisness that they audit, all DD INDICATES they LIED OR GREATLY EXAGERATED ALL THIER CLAIMS. the new partnership they recently talked about to franchise thier buisness appears to be an empty shell. that stock does not appear to have traded ANY shares in months, you would not no this since you do NO dd! and calling IR is not dd. the web site listed a number to call to view thier showcase of fine automobiles in canada, that number on the web site rings in sanfransisco california! there is mutch more and i would have been glad to share the FACTS with you all but i was called a basher and asked to leave. do your OWN DD if you know how! everything i found is available for all to see IF they bother to look! P.S no you are not morons you just swallowed the hype and jumped in with both feet it happens to all of us! sometimes it works out. ( edited by madmoney )
Posts: 2503 | From: connecticut | Registered: Mar 2005
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I have a million shares @ an average of 0.003125 man, this is costly. Is there any hope?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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After you are in penny stocks for a while, you will see that 99% of the pinkies are scams. Mostly pump and dump schemes that make somebody a lot of money and leave the shareholders holding an empty bag. Good reason to stay away from pinkies unless you're feeling really lucky. Your chances are about the same as hitting your state's lottery. In addition to the above, market makers, hedge funds, and the DTCC control most if not all of the pinkies. The deck is stacked against you as soon as you put your money in.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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There is hope if the SEC finds that this is a real company and they're numbers arent exaggerated, it could come out looking really good and help gain investor faith.
HOWEVER. If they lied in their PRs and exaggerated the numbers they are dead in the water.
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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quote:Originally posted by Darkhawk: I have a million shares @ an average of 0.003125 man, this is costly. Is there any hope?
Very little. It's up to the company to prove to the SEC that they are not a scam now. If they cant, your money is gone.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Let the SEC do its job and stop jumping into conclusions. A lot of people have lots counting on this company, and its not the time to hear your pessimistic theories. Thanks for your advice, but I find it peculiar and repulsive that those who are against the pinkies are posting on a pinks MB.
Posts: 1468 | Registered: Jul 2005
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quote:Originally posted by explorer186: Let the SEC do its job and stop jumping into conclusions. A lot of people have lots counting on this company, and its not the time to hear your pessimistic theories. Thanks for your advice, but I find it peculiar and repulsive that those who are against the pinkies are posting on a pinks MB.
Wasn't trying to be pesimistic, just stating what I though, I want this stock to work out for everyone as well! Hopefully it'll be back up on the 9th and we can pick up shares low and sell em high @ the end of August.
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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i dont agree with ed19363 who thinks 99% of pinks are scams. i believe the majority of pinks are made up of small buisness owners with a real desire to succeed, many are manipulated to death by MMs and foriegn exchanges who naked short them out of existance, foriegn exchange traders are not bound by U.S trading rules and that needs to change. the DTC is killing small stocks by failing to regulate the trading of company stocks on the otc/pinksheets market.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Well, I guess it's learning the tough way. I'm really new to stock market and wanted to have my money go a little farther than it does at the bank. My first picks were companies I know... Nortel, Lucent and Bombardier. So far, so good. Then I lost some money to a videogame company in Toronto... I guess I thought I could make easy money. Pikced GRYF caused everybody agreed it was great stock to have. I got caught for what I am, a newbie. I should stick to solid companies I know...
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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I just saw the news. It was expected. It goes back to where I was saying that it is a used car lot in Canada that sells 8-10 cars in three months. I mean come on they tried to tell everyone they were in central canada..Not they are in BC...It was not hard to figure this one out guys. Madmoney and I both tried to not bash but laid out facts and we both got beat up for being bashers. Go back and read the tread. DO DD before you buy. We said it was a pump and dump the first run and it was over. The company then started releasing BS PR's to try and support to run. It did not work as most of you know. Bottom line is if someone presents facts then why beat them up and call them bashers. I jumped in on this one and made some money on the run. I then reported the actual numbers and everyone said BS. Oh well... I guess this explains why they have not returned my calls all week or answered the phone.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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I think canadian stocks are half the problem..Look at MSITF, GRYF, CCDGF, CMKX, EEIFF, HEGCF, LCANF, I could go on...but most do not have news, no numbers avaliable, they are shells sucking off us.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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