posted
Face it, their bogus. I'm not bashing, I lost a good amount of money here as well.
hi flanders, yup, me from rb gryf message board. the one you copied my post word for word and posted here. I'd appreciate it if you wouldn't do that again. Thanks in advance.
Posts: 45 | Registered: Jul 2005
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also, i think i remember seeing you on teh plni board here at allstocks. you check the rb one for plni? rb is down right now but once it's back online, check it out. good stuff there.
Posts: 45 | Registered: Jul 2005
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quote:Originally posted by KennyT: 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?
I could hire KPMG to balance my checkbook if I wanted to. The $12,000 they got from me alone helped pay for it. Anyone can hire KPMG, it doesn’t mean anything.
Posts: 809 | From: NYC | Registered: Feb 2005
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sorry, my bad. currently down. audit pr expected next week from several rumors floating around. anyways, do your own dd and glta!
Posts: 45 | Registered: Jul 2005
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posted
re-posted by madmoney:------------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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posted
TO say it means nothing to hire KPMG to audit your books is the same as saying forensic accountants are a waste of time. No accountant worth his degree is going to be fooled by cooked books. That is his job!! A company like KPMG doesn't get to be in the top three by auditing fraudulent companies and not catching the fraud. If the company is a fraud it will be found in the audit.
USGA was suspended. It's back on the market again. GRYF may be a scam but KPMG isn't. Wait for their findings.
-------------------- Life is what happens while you're busy doing other things. Posts: 47 | From: New York | Registered: Jun 2005
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posted
for all we know with this company that whole kpmg audit PR can also be BS we dont know the company so far have been full of lies so who knows wha tto beleave
Posts: 1011 | From: ct | Registered: Mar 2005
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posted
does anyone know if being suspended by the SEC means a company can't release PR's? GRYF has been releasing plenty of PR's lately, so why not one that says they hope to have this resolved ASAP and thanks for your support, etc, etc.
Posts: 178 | From: houston | Registered: Mar 2005
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posted
KennyT you are right, kpmg is a top notch firm, did you ever think that maybe KPMG alerted the SEC to this company to cover themsevles against any future liablity, what if what they found leagaly obligated them to notify the SEC!. only speculation on my part but you asked for it.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by KennyT: TO say it means nothing to hire KPMG to audit your books is the same as saying forensic accountants are a waste of time. No accountant worth his degree is going to be fooled by cooked books. That is his job!! A company like KPMG doesn't get to be in the top three by auditing fraudulent companies and not catching the fraud. If the company is a fraud it will be found in the audit.
USGA was suspended. It's back on the market again. GRYF may be a scam but KPMG isn't. Wait for their findings.
I agree.
KPMG will find out what is going on, if they are paid, and complete the job.
Posts: 809 | From: NYC | Registered: Feb 2005
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posted
Madmoney, if GRYFs top management is stupid enough to hire KPMG to audit them when they are full of crap and KPMG reported them to the SEC then they deserve whatever happens to them and we the stockholders can chalk it up to the price of investing in pinks. If they have a modicum of intelligence they would've already run with the money and not try to move to the OTCBB with the release of audit findings. JMO.
-------------------- Life is what happens while you're busy doing other things. Posts: 47 | From: New York | Registered: Jun 2005
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quote:Originally posted by KennyT: Madmoney, if GRYFs top management is stupid enough to hire KPMG to audit them when they are full of crap and KPMG reported them to the SEC then they deserve whatever happens to them and we the stockholders can chalk it up to the price of investing in pinks. If they have a modicum of intelligence they would've already run with the money and not try to move to the OTCBB with the release of audit findings. JMO.
That might have been the plan, run before KPMG finds anything, maybe not even pay them, so they never finish...
Posts: 809 | From: NYC | Registered: Feb 2005
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posted
im working today so i cant try calling, but has anyone tried calling the company today. Im sure you will get no answer, but its worth a try. I added shares 3 seconds before the close yesterday. The only thing we can do is wait for some results, hopefully the sec will keep us posted or the company can release something.
Posts: 15 | Registered: Jul 2005
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quote:Originally posted by George: what if KPMG has never heard of GRYF? Someone said here that they called KPMG to verify.
Somebody on this board called KPMG and verified that GRYF was being audited by them, but who knows if they were kacking out there A$$...
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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posted
GREED is a powerful thing! makes people bold and stupid!. as for running with the money, maybe they have. i have posted facts, speculation and negative opinions about this situation but the trueth is i could be wrong. the fact is an SEC suspention is not good. only time will reveal the trueth. beleive it or not i DO hope the investors do not get burned in this, maybe it will work out but at the moment is does not look good.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by George: what if KPMG has never heard of GRYF? Someone said here that they called KPMG to verify.
Somebody on this board called KPMG and verified that GRYF was being audited by them, but who knows if they were kacking out there A$$...
No. GRYF is not being audited by KPMG, that was confirmed by their own PR.
A subsidiary of GRYF is. It is not the same thing. KPMG will say that the one car lot did or did not sell 8 cars more this year than last year last month(I’m over summarizing to make a point). That is about all they can say. Nothing about shares whatsoever is even on the table. Re-read the PR.
I called KPMG in Canada myself when I was down $10,000 in this stock.
I wish there was good news, but we can not make something out of nothing. We can not give more meaning to something when there isn’t meaning there to give.
What I said in this post is not new, if you look back at the posts following the PR about KPMG, and review the revised PR, you will find the same info.
Posts: 809 | From: NYC | Registered: Feb 2005
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posted
Well on another board a guy says he called and that they are working on it. So who knows.
-------------------- 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 madmoney: GREED is a powerful thing! makes people bold and stupid!. as for running with the money, maybe they have. i have posted facts, speculation and negative opinions about this situation but the trueth is i could be wrong. the fact is an SEC suspention is not good. only time will reveal the trueth. beleive it or not i DO hope the investors do not get burned in this, maybe it will work out but at the moment is does not look good.
I would be very happy if it all worked out. I don't want anyone to lose money like I have...
I'm all about hope.
I'm out of this stock, and soon I won’t read this thread. Right now I do want to see what happens, so I can learn from this. The more I can learn the more I get for my $12,000. That is all I can walk away with at this point.
I’m mostly still posting here because so many of you were so supportive when this was tanking after my big buy-in. I want to return the support, and offer any info I may have.
Good luck to all. I hope we all end up in a winner one day and get to party somewhere cool.
Posts: 809 | From: NYC | Registered: Feb 2005
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posted
Thanks Kevin, any support is appreciated. I'm usually an optimistic, but that doesn't smell really good. I bought 4k of this stock and sure would like to see a good ending. But I guess many of us are learning the hard way.
...maybe if we all pray really hard...
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
4K??? I got 500K !!!! Boy, is my butt sore right now !!
-------------------- 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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posted
Rumor has it that it was the PR's that got the SEC involved, and I believe that is accurate; the company has missed dates that it said it would be releasing PR's twice now.
Posts: 1468 | Registered: Jul 2005
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-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
this is the second time for me.... I was in tfcy when they suspended trading on it....
yes, they can still issue pr's usually the company says things like (we requested trading suspension so we could resolve xxx) they will try to cover.... and the last time i went trough this it lasted 2 weeks.... so i would suspect trading will resume in a few weeks... and what happens is that she will fall to .0001 and you will put your sell in and it will sell in a few weeks... and this time next year things will be back to normal...
i really hate it when this happens....
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
LOL 0.0001! Are you kidding. I don't think 0.0001 would last long considering we only have 500 mil O/S. 500 mil @ 0.0001 is only $50K!
Posts: 1468 | Registered: Jul 2005
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posted
Since the whole Enron scandal I would think that a firm like KPMG would be very thorough in covering its butt, making sure its name is not involved in questionable activities. Just a thought.
posted
a friend of mine who was also in this just told me its suspended till aug 8....
so then what happens is everyone wants to jump out but there will be no buyers....
if you want to see how this works go to stockcharts dot com and pull a yearly chart on tfcy....
my experience is that you just leave this in the back of your account and forget you have it... look at it again next summer.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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quote:Originally posted by explorer186: LOL 0.0001! Are you kidding. I don't think 0.0001 would last long considering we only have 500 mil O/S. 500 mil @ 0.0001 is only $50K!
You are right, wouldn't last long...
I better get my order in asap, if i'm going to do it...
I prob won't though... we'll see what happens.
Posts: 809 | From: NYC | Registered: Feb 2005
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