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jtomm
he doesn't understand that anyone who let jerry griffith have any money with which to do business, lost every penny. Yes Jerry lived to fight another day. anyone who he owed money to got the shaft.
great product, great business, great business moguls running the place?? anyone tried leaving a message at the front desk? this supposed multi multi multimillion dollar conglomerate (once the dividend unlocks the true hidden potential of this 8.5 million dollar gem) cannot even afford a phone system that transfers calls to it's voicemail boxes. Yeeehaw
you boys are being had
dberenet
Thanks for putting that into complete perspective for me. To compare me with BBB on his best day would be an insult to my intelligence at the very least. It seems I have wandered into biazzaro--world, where the best pumping cliches are one upping common sense and investing knowledge, and yet I find myself unable to compete with the sheer idiocy of some of this boards self proclaimed best and brightest.
Little old me, who has published work in the Motley Fool, and who was even offered my very own" TMF" handle some time ago, has come to realize that this is a complete waste of my time.
My father once gave me the very best advice, "when you stand there arguing with a fool, someone walking by cannot tell the difference of which of you is the real fool".
Reading your post, this saying, has LITERALLY come true for me. Thank you very much.
I leave you all to warren buffet, jr..........................
BTW
I bet if you caught Linsday Leeds on an honest day, he would tell you that if the stock were to miraculously make it to, say .60 today he would sell and be glad to be rid of this company once and for all......
Just my guess
so earnestly with a 2 bit basher.
LOL
At least I get 2 bits
disgruntled employee? yeah right. I wouldn't know an oil well from a woodchuck hole.
I do know that something's fishy here. Why haven't they been able to rent any more than 3 jet motors? You got any answers other than calling me names?
Here's a hint, if you got nothing other than "you're a jerk", you're probably not on very sound footing with your investment.....
What proof have you provided to us DR. BILL?
How about this?
http://www.sec.gov/cgi-bin/browse-edgar?company=grifco&CIK=&filenum=&State=&SIC=&...
Dr. Bill = crazy conspiracy nutjob.maybe so, but I doubt it. crazy and nutjob would be slightly redundant, however so maybe you're just angry because I am threatening your "investment" strategy of press and pray. Maybe two insults are better than one when trying to discredit someone who is making sense yet you don't want to think that it might be true.
Please prove YOUR point of view instead of rambling on with baseless negative speculation. Prove GFCI is a scam. Do you know what proof is? Nu-uh. That's not how it works. Grifco, and pumpers, are making the claims. Patented, or patent pending (depending on who you talk to on what day) technology revolutionizing the industry, etc etc etc. I'm saying prove it. Burden is on them, and you. Where is the confirmation of the jet motor in the field, and what is the revenue coming from that?
The fact of the matter is GFCI and Jerry Griffith have 15 years of business experience operating as a private concern. He knows the oilfield tools business. He was told to take his company public to maximize value. He listened to bad advice and reverse merged his company to LITFIBER and became tangled in LITFIBERS financial shortcomings.
how do you know he's not getting and following bad advice now, trying to reverse into another non reporting company... fact is he's probably following horrible advice
Yep,
you and Warren Buffet
two peas in a pod
I'm way out of my league here, folks.
If I was running a scam I wouldn't invite the SEC over for dinner.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
That's a good point, and the only thing that keeps mmy interest here.
But all the points that people are making (or most) is that they are making tons of money, and that the share count isn't going through the roof. We do'nt have any idea of the share count, it hasn't been printed anywhere, and for all we know, in the charter, there's 500MM shares and they are printing them every time there's a new "PR", to sell the next....
We don't know executive compensation, emloyee option plan etc etc etc.
So they could have wildly overestimated the JM revenue, they could be hung up in all kinds of legal tangles in their various offshore enterprises, and be printing 100,000 shares a day to sell, to keep operations afloat, and it wouldn't be illegal, at all. The SEC would have nothing to say.
Doesn't anyone else see it as fishy that we have'nt heard crap for the last 2 months about how the jet motor is actually doing, eother performance or revenue wise? Since we heard "3" were actually in the field there hasn't been a single word.
Scary
So, knowing that GFCI is not your run of the mill Pink Sheet company,how do you "know" that?
in that it is in a hot sector, and it is not at all going bankrupt, not at all going bankrupt? how in the world can you say this? Where does this insight come from? Have you seen a balance sheet? Income statement? Statement of cash flows? Have you seen a bank satement that shows that they have money? and it is not at all simply offering boatloads and boatloads of shares to raise lots of much-needed money, once again, how do you know they aren't selling boat loadds of shares? Where is the filing from edgar on this? Where is the registration statement? Articles of incorporation? I can safely assume that GFCI is actually going to be one of the few who rarely make it. The facts would say otherwise. In fact, the facts say that they are in an almost impossible situation to become a fully reporting, fully listed company. Only 8 did it this year. Do you think that Jim Dial, with all of the shortcomings posted about missing and incomplete information, broken promises and general lack of publicly run business savvy can be a man to lead one of the 8-14 out of 4 THOUSAND companies to do so next year? It will take not only business skill in the field of expertise, but extreme dedication and understanding of how a publicly run company should operate. AFter all, here is a man that held off hiring a CFO for 12 months after reverse mergering. I can assure you that my expectation rests on the unique and competitive edge that Grifco and CTTI will certainly have in Libya and in Downhole motors, respectively. I am very confident that you are accurately stating your expectation. In fact, the statement above pertaining to your expectation fits exactly into my understanding of your investment knowledge. It "completes the picture", so to speak.
I did last week.
Sent them an e-mail, and also the people who did the website. I also called.
I am sure that you(BBB) don't want to hear the results of those queries. I would just be called a basher, Mr Negative etc.
Besides it might give another side to your
PHOENIX RISING FROM THE ASHES diamond in the rough and all the other pumper cliches you've been bombarding us with the past 6 months.
Meanwhile, no word or update on revenues for the last 7 or 8 quarters. Don't you think that the CFO could probably have some rough update by now??
Maybe they're trying to screw the shorts! Keep it really quiet then KAPOW! hit em where it hurts, they'll be running for cover and trying to get all the chairs during the musical chairs contest when all the music stops, there won't be enough to come close to this massive short squeeze of epic proportions, so run shorty run!!!
Companies that list on the Pink Sheets rarely move on to bigger and better stock markets. Last year, just 14 of the 4,570 Pink Sheets companies trading graduated to the NYSE, Nasdaq or American Stock Exchange, PinkSheets.com says.
Did you read the same article?
14/4570 = .003 or three tenths of one percent. That's .3%.
8/4570 = .001 or .1%
Ten thousand dollars becomes $30 at that pace.
And you find yourself encouraged by this?
99.97% of pink sheet companies never leave the pinks.
You should change your name to "been burned and never learned".
anyone else google c-sap pte, ltd???
For a "leading edge" oil company, they sure are hard to find any information on.
This story gets clearer and clearer.
db
impune my motives all you want, I won't call you names or tell you go awway
the occasional flyer can do wonders for that 20% goal, can't it. The problem I see, and maybe it's common in pink land, is that there are people here with large percentages of the port in this stock. Cleverox seems level headed and if not he can probably pump his way out of this POS anyways (he pumped me here, didn't he? ha ha) but some others don't seem to realize what a completely HUGE flyer long shot this really is.
The fact that people have seen a factory, know people who have seen or used the JM, is only about .5% of making this a good stock to hold. IMO of course.
Long shot flyer indeed.
have a nice!
I find it insanely funny that a man who is saying that one "thirty cent" share in GFCI, is somehow going to turn into "five dollars and forty eight cents"
--------------------------------------------------------------
May I remind everyone that the fair market valuations for both GFCI and its new spin-off, CTTI, are much higher than the paltry valuations the market is now giving it at these levels. To summarize:
For GFCI: $3.20 per share
For CTTI: $1.14 per share
This is all figured by leaning on revenue projections that were taken from various PR's. For 2005, revenues for GFCI were projected to be $24.5MM (excluding CTTI), while for CTTI, they were projected to be $20.0MM.
-----------------------------------------------------------------
an instant (or almost instant) ONE THOUSAND NINE HUNDRED percent return,
is telling another poster to "open your eyes Bob".
Opps that's with a "conservative" fifty percent pink discount.
OPEN YOUR EYES BOB!
heh
I'm sorry BBB, but you've got all your money in this one crappy long shot company and you're expecting a return in the thousands of percents over the course of a few months. Once again, I hope to hell you're correct.
BBB
Here is a quote:
==========================================================
If we had the financials, I KNOW my paltry little valuations would be smoked away! I AM being conservative in what I do post! I am not tossing up pie-in-the-sky wet dreams in order to pump up the price of the stock -- that, my fellow friend, will eventually just take care of itself.
===========================================================
This talk of "I KNOW" and "eventually" are sure sounding like sure thing guarantees. This is the kind of pumping that IMO is worse than the worst basher. But that's your style I guess.
Your talk of your investing experience is very telling. Putting all you had into pink sheet stocks? The word "idiot" comes to mind but Hey, it's your deal. I will tell you a story and that will be all of my talking about how yo do things. I will tell you what happened to me.
I graduated with a degree in Fin. Life lead me elsewhere and I became a Dr. I had gotten some debt paid down, and saw a great oportunity in the market. It was as sure a thing as there was. Beaten down blue chip, with a 150 year history, and a breakup value at least double the market value at the time. one private half owned subsidiaary division made more money than the rest of the divisions combined, and the market wouldn't recognize it. I went for broke. I put all of my savings and went on margin. I turned my Ameritrade account from $50,000 into 2.5 million in about 18 montths time. Holy Fuck. I rode that baby like a $500 hooker. I bought and bought. The stock quadrupled. I was rich. This was the worst thing that could have happened to me. Not only did I turn around and lose most of it ( my account went back down to about $38,000 at its low) I was devastated that I squandered that much money. I was a freaking IDIOT!!!!! Depression set in....
So, tell you thr truth, IMO your current path is going to see you lose millions, probably overnight. If your "lucky enough" to have it not be just thousands or tens of thousands. You may well be right on grifco. I hope so. Be careful. History is litterd with people who "put all the eggs in one basket hoping they would be able to wathc that basket" closely enough.
Good luck.
TX TOWERS, BOBWINS
tx: Reality is, I am 31 and I am in the front lines of this industry. Heck just today I was talking to a manager and he was telling me that his supervisor in the CT business made $5,600.00 in bonus in 14 days. Now add his salary of $2,500.00 for those 14 days and that supervisor made $8,100.00 for two weeks of work. I happen to know that CT units are being ordered to service exploration companies and they're being told there is a three week wait. You want to tell BBB or anyone else for that matter who knows the industry that GFCI is not making $$$$.
Great! and I for one certainly very much appreciate your oil field input. I know that there are people and companies making a freaking MINT right now, at home and abroad. The point, is stated time and time again
why won't grifco tell us how much money they are making???
It's a great time to be in the industry. They could easily put out a pr, "we cannot file audited results for the year ended _______ because we don't have a clean audit for litfiber. Our part of the financials would be _____ and we are working on getting the situation taken care of as soon as possible. Estimated timeframe is _____ and here is our auditor's phone number to verify. We will keep you updated"
That would be very easy to do, and the fact that they haven't is very telling. They maybe don't even know how much money they are making. They might be the worst bookeepers in the history of public companies (besides litfiber) and if that is the case, then it certainly will hinder the stock growth. The CFO should be able to fix that if it's the case, given time, he worked with booots and coots and they rent equipement and manpower to oilfield companies.
why is grifco screwing around with Libya, Venezuela when they pruportedly have the single best tool ever for oil rigs to clean refurbish with??
At the point when they developed the JM, and saw what it could do, they should have started churning those things out, one after the other, till they had 100 of every size imaginable, with a fleet of trucks to take them wherever they were needed. Shut down every other function for a year, and crank those babies out. Having extra jet motors sitting around is no big deal with an alleged 90% plus net margin. Each day of rental for one JM should make at least one more jm to go the field. With a product that blows every other product of yours out of the water from a revenue stream, you take everything you have and put it into that product. Revenues and profits can help you market your way back into lost business easily if that's what you want to do. If gold goes to $800 per ounce, you don't up your copper production. You don't take men from the gold field to the cdmium mine. becaue gold is doing so well on its own you can start to improve you other businesses, so pare down the gold field and get the molybdemum up to par. HELL NO! You take everyone you got, stop all other mines, and GO FOR THE GOLD.
why are they messing with reverse merging into litfiber shell anyways?
this is not how to gain legitimacy, period
why the heck are they spinning out a division?
if it's to recognize the value of both businesses, then why the heck not just tell us what the businesses are making in a format that financial people recognize, tell us eaxclty what the status on getting an audit done are. The street would like that a whole lot more than management spending their time and money on revers mergers, finding empty shells to distrubute 85 million shares of 30% of a 15MM business, etc etc etc. Jim Dial should be cracking the whip at the JM facility.
Obviously I could go on and on. The more time goes by and the more they focus on unimportant things, like a special dividend to spin out the most profitable part of your company, just crank it up and focus on making money. PERIOD. If they think people are shorting their stock, and want them to stop, then crank up the 2 MM per month revenue stream to 40 MM per month. Tell us about it, and tell us when you will be able to prove it without a shadow of a doubt. RIght now with the litfiber shell R/M and the IPHG spinout they look like bumbling idiots, who are trying to manage their stock price. Which is impossible. Shorts, if they exist here, are laughing their asses off and Jim Dial trying to chase his tail, when the answer is so obvious.
And don't get me started on Mike King. I am positive I could do a better job at IR than he is. Jim Dial, if you're reading this, post a message here and I will talk to you about making me the IR person. I would be able to help you fifty times more than that fool you hired, and probably do it cheaper than he is to boot. He is NOT HELPING.
I am not negative on the company and or it's propects. I am down on management because their current strategies have them missing the very biggest bull market in energy ever, and the solution is so very easy to see. I wish I could sit on the BOD. They are probably so close to it that they can't see the forest for the trees. I hope they wake up soon.
DB
Good point. I am not going to rehash my holdings and buys/sells for you over the last 6-8 months.
This might explain something to you, though.
I have a small contingent (10-12) of people that get a "newsletter" aka an informal e-mail from me with some stocks and ideas that I get. I personally subscribe to about 5 paid newsletters, and I have five people that have asked me to buy/sell their accounts for them. So I push a little money around.
During the past 8 months, I have never held less than 12,000 shares of GFCI.PK (keep in mind that all of my investing classes in undergrad dealt with one statement on pinks - "give a homeless person all the money you are tempted to buy pink sheet stock with, you'll get more utility out of it"- that should tell you something about what I view the potential to be) and at some points myself and the people that I "know" (i won't be so presuptuous as to say follow my wisdom) had 1.05 M shares.
So the terms "i'm out" may have meant I pared down from a $40,000 + stake in grifco, to a $3500 stake. "Buying back in" at the sound of a CFO being hired meant another 12K shares, at $.27-.29. "Entry point" means that it's probably safe to dip a toe, the company is going forward.
Question my motives if you must, that's good for you to do on any public message board. I can guarantee you that you see me type something it is 100% indicative of how I am viewing any particular "investment". I am a very very honest person.
As for B2B saying anything about showcasing my intelligence, or whatever that post said, HA HA. I would rather someone come here and put me back down with facts, proof, and reason. Show me exactly how I am wrong, mistaken, mislead, etc. Hell, if I'm being a dumbfuck I'll be the very first person to admit it. But just don't do it with pie in the sky projections and call something "known", when it's anything but. I would rather be 100% wrong, and make 3 million dollars, than be "right" and lose $2500. Silly enough I know people that are just the opposite. Let them lose money they don't care, they are just so attached to being correct on an issue.
I'll address some basic issues about GFCI with the next point, because txtowers and bobwins both made some excellent points........
10bagger
all of my other stocks are, let's say, "worthy" to have their own yahoo!mb
someday grifco might as well, and "dr bill" will ride off into the sunset
BBB your're wound way too tight dude
notice I haven't told you to stop posting, called you names etc etc etc. and yet you call me insecure, for posting things that probably scare the living shit out of you.
Listen to the other people here. You are making wild claims that have almost no hope of coming true. If they are true I will be the first to congratulate you for finding possibly the number one investment of all time. Ever.
Relax dude. If it scares you to hear stuff that think is "negative" or even elicits any emotion whatsoever, you probably shouldn't be inested here. Sorry to say that, but you're wound way too tight, and it shows, on days like today, when seemingly good news, is met with a yawn, IMO it gets you too close to realizing that this one might never be taken seriously by anyone, ever and that causes you to pump, pump, pump and fight and call names to people who are long like you are but see reality for what it is.
No offense man. Really.
I am not picking on anyone in particular.
It must be said, however, that a novice investor my come here and see that post, and really pay attention. REALLY pay attention, and get the idea that the only risk is the oustanding shares might be 100,000,000 and decide to bet on it huge. When we all know that there are TONS more risks there than that.
someone reading BBB's posts might just decide it's a good idea to plunk down all their savings on this "sure thing" inevitable rise to 4.50 breakup value on the ex div date, and really get hurt
c'mon stocks, surely you cannot say that with a straight face? the SOS is the ONLY thing that is standing between here and "huge upside potential"?
what about the fact that there is no patent on this supposed wonder tool? That's a BIGGY!
In fact, announcement of a patent would probably be worth a triple, in a matter of hours.
There are lots more, as well. Stop trying to pump up your investment. Rational arguments with facts works much better.
There is no substantiation to the only costing $2000 to make
There is no substantiation to the $5K per day
those two facts alone are standing in the way of huge upside potential. Not to mention the others above
IMO
Prove it......
please, do us all a favor and prove one thing you said
just one
great point
Pretty sad
I hate it that they can find the fax machine to tell us about some order they just got, but they cannot find it to tell us what revenues were for the period ending, well any period for that matter.
Nothing about share count, nothing about revenues, nothing about jet motor, nothing about financials or SEC filings or nothing but another tool order. Nothing that matters in other words.....
or maybe the shorts are taking it down. Or maybe the MM's are just loading up on cheap shares. Or maybe Grifco is keeping the real news silent for some oddball reason. Or maybe this is just a headfake and we'll see volume coming in later.
Name calling to people who aren't on the PUMP PUMP PUMP train is also one of the hallmarks of a shitty stock to hold.
Ask Herb. I hated him at first. Then I came to realize that he is sopt on when he says, that in order to find a really crappy stock, go to a public message board and see how challenging some of the most basic held beliefs of the longs is met.
I went to the TPX board and told them that I hated that POS tempurpedic mattress I bought, that it was overpriced, and that there were no barriers to entry for any old foam company to come in and make a similar product and sell it for a whole lot less with a whole lot less advertising.
BOY OH BOY
I was met with the most vitriolic abusive name calling there is. They said eat shit shorty, go run and hide! I wasn't short then, but I was "shortly" after.
http://finance.yahoo.com/q/bc?s=TPX&t=6m&l=off&z=m&q=l&c=
ouch
calling me names won't make the case for this stock/company in any way shape or form.
Grow up sparky
If you're implying that I am "shortie" rest assured that in a million years, I would never, EVER be stupid enough to short a company whose stock is trading at .2. And if this company's stock was trading at 20, I still would not short it due to the incredible potential that "MAY" exist ( I cannot stress this enough, there is great potential for lies, fraud, deceipt theft manipulation etc in this stock and company and every pink sheet stock) here, so no I'm not short.
I might buy back in, if we get some official confirmation that this company is on the upandup.
We cannot even get a transfer agent to verify that there are acutally shares in this stock printed, much less how many and who are the major players. We have no idea who the audit committee is and what ther experience with Sarbanes Oxley 404 complaince is, we do'nt know who is on the BOD, if it's an independant board or entrenched........
shorty? yeah right
Answer one of those questions with legal proof and we likely will be buying half of the entire float.
Most of my posts are challenges to you people to get off your asses and prove the point you're making, instead BBB says "DIAMOND IN THE ROUGH" and all manner of BS that points repeatedly to companies in the past that have been major scams and made many a conartist wealthy. No take that back, rich. There is no such thing as wealth that is ill gottten.
Anyone got proof?
We'll take this to $2.50 faster than boiled okra through your grandma, if so.
GFCI is cash positive, and doesn't need to continually issue shares to survive as most Pinks do
=============================================================
Do you have proof that these two statements are true?
Thanks
BBB you have no proof of anything regarding this company.
Shares outstanding, revenue, income, cash and cash eq's, edgar filings,
nothing
It's purely gambling, BBB. Making a case for an undervalued security, with SEC and edgaronline documents as references, showing how the NPV of all future positive cash flows is greater than the enterprise value currently, is impossible in this case. You are simply going by the words of one man, maybe two, who are clearly incentivized to have people like you believe the story they are presenting.
Like I said, given that virtually all oil field people are chasing "the gusher", and that "the gusher" doesn't necessarily mean a vastly productive oil well, why aren't all people who come in contact with the jet motor buying all the stock in GFCI that they can? And their friends, neighbors, brothers and sisters and preachers doing the same?
After all, the JM has a net margin of over 95%! It will be used in every oil field there is, and it's patent pending technology is likely to stretch the world's hydrocarbon supply by decades, given that the company has stated that it makes a well 20% more productive.....people in the know should be buying stock in GFCI right and left, up and down, right? Or is it just a conspiracy by the company to keep it quiet?
Can you explain this anomaly?
I would love to see some proof, so that my family can share in the riches of this great find........
I want to pull the lever, too, but Vegas is currently giving better odds.
I spoke with Someone at corporate once or twice, a long time ago. It's been several months since I even bothered. I was being lied to again and again so why waste my time.
So NO I didn't call HQ.
I have a friend that still is hanging on
for dear life, but he's hanging on........
best of luck
CFO is on the job as of yesterday
re:
Can anyone explain away the million or so shares traded last session? Looks like someone 1)can short all they want of this stock and/or meet any demand with equal supply and 2)is not at all afraid to be short this stock even with the "short killing" strategy of spinning off a portion of a 15MM company to create a dividend where there is no cash to do so.
Also, note the "news after the Holidays" message. That's cute isn't it? February certainly is after the Thanksgiving holiday!
A million shares already
and no increase in the PPS
it is clear to me that 1)there is someone who has carte blanche in trading this stock. Isn't the float "supposed to be" just 5 million or less? and 2)there is no way that the average investor can compete or even understand this activity. They can move it to .1 if they want to, and shake out even the strongest of hands. Scare out is more like it. 3)there is no volume of demand that will actually move this stock upward, ever. There is someone out there, that has his hands on your portfolio, and can move it wherever he or she wants it moved, for however long. There is nothing that can be done about it, and this is the reason that people without millions of dollars should stick to stock on the NM, with at least a PPS of $12. Otherwise you're just giving away money.......pink sheet stocks have no reliability at all, and the traders have not one iota of accountability. They don't even have accountability in the NASDAQ market. Here it's a license to steal......
good luck
IMO we're headed for the upper teens next week. God forbid news is delayed from coming out really soon, as in Monday, or it might be really early in the week that we break .2
All IMO of course but I have been right all along on this one, from day one of being involved........
Jim says "news tomorrow"!!!!!!!!!!
"Edwin Leonard's broad financial expertise and depth of experience with other fast-growing companies will be an asset as we take Grifco and Global Oil Tools, Libya to the next level," said Jim Dial, President and CEO of Grifco International. "I look forward to updating our shareholders on positive operational developments following the Thanksgiving holiday."
Wahoooo
GFCI to immeditely skip the single digits and going to $12, in the biggest single gap in stock market history!! WHOOO WHOOOOOO
At this price the risk is outweighed by the potential. The fact that they have hired a CFO, that has been part of a publicly traded company, a well known one at that, means that they are going to do their best to get it done. If this person (A BIG IF) is on the up and up, and has his "stuff" together, he has been going through the process, and the books with the company. I hate it when someone says "hey lyamec bought so its got to be a good deal" which is just so much bullshit I cannot stand it, but you don't go to work as a CFO without doing a fair amount of "interviewing the company" as well as the other way around.
His CPA license is on the line, and he has likely a good understanding of the future plans, and the fact that he "signed on" means that at very least they will be doing their very best to make this whole thing happen. Whether or not they will, is another story, but this lends credence to the theory that this company is NOT JUST A BUNCH OF SCAMMERS.
100% loss is still 100% if it's from .6 or .2 or .015, but at this point they have shown that they have made progress, and are on track.
It's a good entry point from here IMO.
Strong buy. (can't believe I typed this)
the CFO used to work at WEL!
I made 80 grand leading up to the iraq war when WEL went from 1-8.
I have to admit that this is good news.
Does he work for Grifco or does he work for CTTI?
Well wouldn't that just be hunky dory!
Buy something for .25 today
tomorrow you geet to keep the .25 and get two .90 in addition to that!!!
it's a hedge
they need to pay a dividend don't they?
so they stay short grifco which will soon be worth less than a nickel and have a hedge against any margin calls they may get if/when the price of the next pinkie these guys roll into spikes while they wait for it to settle down into the pinkie spiral.
A R/S to a short is a gold mine
And here Dial thinks he is getting one up on them. You guys will be lucky to keep 10 cents on the dollar when this is all said and done.
What wait?
What are you waiting for? I hope you're not waiting for any kind of stock split or dividend, because that's at least two months away. Minimum. Probably more like Feb or March.
The people short GFCI are making a nice play on IPHG stock right now, aren't they? Pretty darn smart.
replies:
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notanindex:
There are real world examples where firms, large multi-billion $ mkt cap firms, that have used spin-offs to create value where the street is not valuing the whole correctly.
Not creating 60MM where there was 12 MM the day before, that Im aware of. Maybe you can come up with some real life examples of spinoffs mulitplying value by 5 times overnight to make your point.
Just for fun7:
Thank you. It's always nice to be shown a little appreciation
rsadey
They did not need a spinoff to value this correctly. They need to publish some numbers. To use that as a reason is foolish. They need an o/s count and the sales. They need to file.
BINGO! you understand prefectly IMO
allmanchase:
That's the real answer. I'm glad they're doing whatever is necessary to get SOME kind of numbers out here for the investing public. Don't care what the company name is, don't care about the speculated pps-
agree 100% with this sentiment as well. SHOW ME PROOF. Stop talking around the subject and talk about what counts
B2B
There is a very sound rationale for the spin off, IMO
Disagree. Won't go into it at length. We've not the time. Short story is that it would be sufficient to release unaudited numbers, along with an explanation of the problem, and the estimated time to completion of the audited financials, along with a detailed account of where business is, what growth rate is, transfer agent information. Spinning off part of a 12MM company is unorthodox, at best.
peeker:
BBB and Dr. Bill, please take your personal issues offline. Too much trash talk here on this board. It's unfortunate that one has to read thru so many lengthy treatises just to find a small acorn of value.
No, I agree, and I agree.
I apologize sincerely, and I'm done.
Best of luck to all.
GFCI TO THE MOON!
BBB
Yes but with your expert evaluation, instantaneous wealth is inevitable! In all of my corporate finance, investments, derivatives, and business clasess, I was never really schooled on how a company can not only take 2 and break it up into 1 and 2, or 2 and 2, or in this case take 2 and break it up into 17 and 9!
I sure can't wait until the day that my 30,000 shares in Grifco currently worth $9,000. turns into 30,000 shares of grifco worth $9,000 PLUS 60,000 shares of "CTT" worth $36,000! LOWBALL!!!
I am so glad I learned this from you. Thank you. I can't wait to call my advisor and tell him how things really work in the real world.
Truck nothing, start backing up freight cars!
sarcasm intended. I can't wait to see how this all unfolds. With all of the slowness, challenges in financials, complete silence from management it would be the miracle of all miracles if it came out to be 1/10 of what you are saying is "inevitable"
Best of luck to you all. In my efforts to keep things grounded I have become portrayed as mr negative which Im not. I simply have never seen, in 15 years doing this, anything close to the scenario you are hoping for. I'll leave it to the pumpers and hypesters now. In the face of disappointment after disappointment after waiting waiting, the numbers keep getting better and better. Soon Grifco will be making a hostile takeover bid for Halliburton and Jim Dial will be the Head of the Joint Chiefs of Staff of the United States of America.
Oh say can you see? By the dawn's early light.....
Great luck people. If my $9000 turns into $45,000 overnight I'll be cheering (although completely dumbfounded) right along with the rest of you.....
Hmm, who's the one swimming in the swamp of ignorance now?? Speaking of ignorance, how do you figure GFCI for a $15MM company -- with only a $0.31 pps and 37.57MM shares O/S, it is actually a $12M company!
Why you're right of course. What was I thinking? Mortgage everything you own people. BBB is the one to listen to on this inevitable overnight transformation of 12MM worth of wealth into 70 million. Back up the truck. Woo woo.
I just got the most amazing e-mail
someone suggested that CTT was going to open at a minimum of .6 per share.
This would make a spinoff of a 15million dollar market cap company worth 52 million MINIMUM opening price.
no lie, that is what was suggested