Grifco Inc (GFCI)

[Dr Bill]

mrd mrd,

no see BBB's post where he admits that CTBG tool rental rate is as low as 2%. All these people saw a bunch of lathes turning, and orders being filled, and some smooth talking "CEO" who said "look around, aint we busy?" They didn't see any kinds of balance sheet, statement of cash flows, even a bank account balance I'm betting.

As BBB fesses up to what he's known but not said (for how long? but we'll get to that in a few minutes) about the business- the tool rental "utilization" rate is pitiful- less than 3% by his own words, they are making tools yes but not the right tools and they're having a terrible time either getting them to work - see the failed jet motor experiment (but we'll get to that in a minute), or in renting them when they do work, or both, which is my guess and the real reason for the inflated share count- see blue in Mi's post where he admits that he's ready to see a 75 MM share count, twice what the dialer says there are....they are, or rather might be, printing shares to sell to BBB, B2B and friends keep the payroll paid and the raw materials coming, in hopes that they might someday get ti right. ALL IMO