Grifco Inc (GFCI)

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Is Grifco making a profit?

Thanks for the post Cleverox. I appreciate the group's efforts to visit Grifco's facility. Did anyone ask whether Grifco is making a net profit? I assume they are since there aren't selling shares to cover operating expenses, capital costs (new machinery), or acquisitions. It would be nice to hear the word profit from Mr. Dial though.

You post:

"Jim also stated he personally owns a majority stake in Grifco and is very much in control of the company."

I take it that you mean that he personally owns a majority of Grifco's shares. Very rough ballpark; 75 million shares of CTBG in the dividend ÷ 1.89 shares CTBG per GFCI = ~40 million GFCI outstanding.

Jim Dial ~ 20 million
Lyamec ~ 6 million
float ~ 14 million

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