quote:Originally posted by bbygyrl123: 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.
They are not a partner in GRYF. Is a cop bad because they figure out when someone did a crime?
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quote:Originally posted by bbygyrl123: 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.
Just wanted to add...
It was a good thought.
I know we are looking for anything that will make it ok...
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posted
Press Release Source: Greyfield Capital, Inc.
Greyfield Responds with Full Disclosure and Reports Inventory Numbers Thursday July 28, 7:30 am ET
KAMLOOPS, British Columbia--(BUSINESS WIRE)--July 28, 2005--Greyfield Capital, Inc (Pink Sheets:GRYF - News) has responded with full disclosure documentation. The document is available on www.theautorama.com/greyfield disclosure.pdf The document consists of 45 pages and will take a few minutes to download. This documentation includes the agreement for the acquisition of the Autorama and information on current management of the company.
Under "Autorama Stats" information is made available for the retail value of the inventory, along with revenue and profit numbers since 2003 for its Canadian subsidiary. In addition, the numbers used to calculate the percentage increase in sales and profit for the press release issued on Friday, June 22nd, 2005 have also been made available.
Investors may call (250) 320-8891 for current company information.
New management of Greyfield is committed to having an open relationship with all of its shareholders.
Greyfield Capital is quoted on NQB Pink sheets as "GRYF."
About Greyfield Capital
Canadian Autorama is a profitable, fast growing automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 years and has experienced strong growth.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
-------------------------------------------------------------------------------- Contact: Greyfield Capital, Inc. Ms. MacDdougall, 250-320-8891
-------------------------------------------------------------------------------- Source: Greyfield Capital, Inc.
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posted
There are 6 employees. $4,000 in the bank and a car lot full of 1990's cars...where is the stuff they talk about in their PR's...where are the premium cars???? "Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada"
-------------------- If all goes well then great, if not, make it work.
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quote:Originally posted by $Keith$: Press Release Source: Greyfield Capital, Inc.
Greyfield Responds with Full Disclosure and Reports Inventory Numbers Thursday July 28, 7:30 am ET
KAMLOOPS, British Columbia--(BUSINESS WIRE)--July 28, 2005--Greyfield Capital, Inc (Pink Sheets:GRYF - News) has responded with full disclosure documentation. The document is available on www.theautorama.com/greyfield disclosure.pdf The document consists of 45 pages and will take a few minutes to download. This documentation includes the agreement for the acquisition of the Autorama and information on current management of the company.
Under "Autorama Stats" information is made available for the retail value of the inventory, along with revenue and profit numbers since 2003 for its Canadian subsidiary. In addition, the numbers used to calculate the percentage increase in sales and profit for the press release issued on Friday, June 22nd, 2005 have also been made available.
Investors may call (250) 320-8891 for current company information.
New management of Greyfield is committed to having an open relationship with all of its shareholders.
Greyfield Capital is quoted on NQB Pink sheets as "GRYF."
About Greyfield Capital
Canadian Autorama is a profitable, fast growing automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 years and has experienced strong growth.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
-------------------------------------------------------------------------------- Contact: Greyfield Capital, Inc. Ms. MacDdougall, 250-320-8891
-------------------------------------------------------------------------------- Source: Greyfield Capital, Inc.
I can not get to the PDF... is the link correct?
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quote:Originally posted by George: There are 6 employees. $4,000 in the bank and a car lot full of 1990's cars...where is the stuff they talk about in their PR's...where are the premium cars???? "Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada"
They said premium dealership, not premium cars. Try to avoid a negitive bias.
It might suck, but stick with facts and let everyone think it through.
Is there anything in there about what they did with my $12,000 ??
quote:Originally posted by George: There are 6 employees. $4,000 in the bank and a car lot full of 1990's cars...where is the stuff they talk about in their PR's...where are the premium cars???? "Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada"
They said premium dealership, not premium cars. Try to avoid a negitive bias.
It might suck, but stick with facts and let everyone think it through.
Is there anything in there about what they did with my $12,000 ??
I hope that is in the bank too ...
You are right but i think the image they tried to paint is that they sell really nice cars....
-------------------- If all goes well then great, if not, make it work.
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quote:Originally posted by George: There are 6 employees. $4,000 in the bank and a car lot full of 1990's cars...where is the stuff they talk about in their PR's...where are the premium cars???? "Canadian Autorama is a highly profitable, fast growing premium automobile dealership in Canada"
They said premium dealership, not premium cars. Try to avoid a negitive bias.
It might suck, but stick with facts and let everyone think it through.
Is there anything in there about what they did with my $12,000 ??
I hope that is in the bank too ...
You are right but i think the image they tried to paint is that they sell really nice cars....
posted
anyone know what is going on with this stock this morning. Pink Sheets is saying suspended, and there is nothing on my ameritrade command center. All that shows is the ticke symbol
-------------------- If it wasn't for bad luck I'd have no luck at all.
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quote:Originally posted by George: Look at the last page of the disclosure...it show they gross about 50-60k a month...that is 4 or 5 cars......
So the large increase in rev and profit are based on 2004 and 2005 numbers..in 2004 they were selling 1 car a month.
SCAM.......
Not necessarily. Considering that they only sell used cars, and have been in business 2 years, they are not doing bad. It takes time to grow any business, especially a used car business. I say give them a chance to get strait with the SEC and then see where it goes. IMO, this is NOT a scam.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
thought i would let you know, i called the company a few minutes ago (250) 320 8891. after 3 rings i had a lady answer the phone. very pleasant soft spoken lady. i told her i was surprised someone answered the phone, she said she just got in place a few minutes ago. i did not read the 45 pg document due to a downloading error on my computer, so i was just asking her general questions about the whole bit. of course she couldnt comment on the sec investigation, but like i said i asked her some general questions and talked about 15 min.
so if anyone wants to ask a question fell free to . i feel alot better after i talked to her. ill be away for a few days .
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posted
above is the biggest waste of a paragraph I ever seen...It's like saying I talked to the company and they said some stuff and I feel better now...WTF??
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posted
i dont see how they arrived at the values for mutch of thier inventory, i have been in the buisness for many years and many of the values are at best unrealistic, however they ARE listed as retail,many of the vehicles listed would SELL for mutch less than ( THIER ) retail. unless used car prices in canada are mutch higher than the U.S., and i am shure that very few investors thought thier inventory consisted of MOSTLY older used cars. i ask would you have bought this stock had you known what the inventory consisted of? i think not, it also explains thier reluctance to post inventory in thier web site, they called themselves a " premium " dealership. i do not consider these cars to be of the type wich would be offered by a premium dealership. do you?. consider what you have read, 20 billion authorized! when i first called the transfer agent i was told 750 million authorized and 528 million outstanding, what happened to the 8 million?. when was the authorized raised? why was the transfer agent gagged?. this diclosure does not appear to me to be what MOST investors thought they were buying based on the content of recent pr`s.
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posted
release = CYA attempt. may or may not be enough. it appears to me at least the PR`s were misleading, after reading the inventory list i dont see how anyone could argue different. this is not what investors were led to beleive they were buying into.
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posted
i see NO WAY you can put a positive spin on this. is this REALY what you thought you were buying into?. now that investors see what they ACTUALY have they will be EXSTREAMLY reluctant to buy into this company.
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posted
mad, calm down and wait for the SEC. It's their job. There is no positive spin, but neither should there be a negative one until everything gets sorted out. Cant buy it or sell it anyway, so why bash it.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
i apologize. i simply find the facts disturbing. i guess i cant blame holders for trying to find something to keep thier hopes alive. the SEC investigation will make or break this, have to wait till aug 9th to find out. good luck to everyone still in this.
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posted
Regardless of the currency, they are showing a profit. Not many pinkies can say that. They have a desirable product and a market to sell it in. Give them time to work with the SEC and we'll see. Time enough to call it a scam later on.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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