Grifco Inc (GFCI)

[10 bagger]

Some one else on RB asked the obvious question.. the answer follows...

If this is true there should be explanations made by the company.. If it's idle comment it should be denied by the company... If true this makes GFCI a steal at this level..If not,,,just more of the same.... Just being fair and balanced... hank

This was the comment..posted on the previous posting #2388..

"Very respectable companies in this oil and gas equipment and services industry have made very respectable offers for the company that were rejected. " BBB...

laser: I heard it from an industry contact.

"I know who made the offers, but I choose not to disclose that bit of information, as my industry contact could be compromised as a future source of good information."

These offers were made back when CTT was a private company, even before the Jet Motor was the illustrious tool that it now is. One of the respectable offers was even as high as $20 million. Now, this is while it was a private company!

Had CTT been a publicly traded company then, as it now is, that tender offer would have easily been around 3x higher, as public companies on average historically command market capitalizations that are typically 3x higher than pricing valuations of equivalent, private ones. It is a matter of historical fact over the long-term!

What this essentially means is that this tender offer was the equivalent of a $60 million market capitalization for the same company as a public company. With 85.72 million shares o/s, CTBG could very well be worth about $0.70 per share, at the very least.

And this was all before the Jet Motor was priced into it! Not to mention all of the other new tools!

Been_Burned_Before