I stand firm by my choice to hold!
Whether it is better to hold negative news close to one's chest (with the understanding that there are some justifiable reasons for its existence) or to shout it from the housetops on message boards is MY own choice. As much as people like to believe it, I am NOT obligated to "spill the beans", as it were, when I can expect that any sinister poster can twist the negatives into far greater notoriety for some nefarious agenda. And that I do NOT want!
We would all be most foolish if we actually thought there were no sinister posters here seeking out every chance to put forth every effort to smear the mud stain all across these walls, if you will. Absolutely every single, man-made thing in existence has its own measure of flaws, but not every flaw will ever lead to destruction. Every single business in existence has its own difficult set of problems to overcome, and the smaller ones can typically expect to face and surmount exceptional ones.
If I invariably believed that this stock (or these stocks) was (were) truly junk, I would be the first to admit it to everyone here, and I would be the first to strongly suggest that people run away. But that is NOT how I see it at this point! I still see the opportunities in these companies, because I know people (yes, even family) in this oil and gas industry, and many of these people have had strong, independent confirmations about the superiority of tool products offered by them.
Are we going through a painful phase in the ongoing genesis of these two companies? Absolutely! That's to be expected of a growth company -- any growth company. And every growth company will be forced through the ringer, as they say. Let's call it a purification process, where businesses are compelled to shape and form themselves through necessary changes in infrastructure.
Many people here question my own agenda, and if there's any way to appropriately qualify what I view as my own purpose here, it is to shout: "Hold the line!" And just in case any of you here wonder, I am NOT paid to do what I do here. But if I do what I do here well, I will get paid in a way, because this stock will have held its own through the veritable storm. My pay day will be had when this stock finally reflects the true profitability of the business. "What profitability?" you may question, "Show me the proof!" you may exclaim. Just you wait!
I know, I know, we've been waiting, some more than others. Yet however strenuous the anticipation, it will have been more than worth it in the end. In the State of Texas, what is claimed in the presence of many witnesses is just as strong a claim as one that had been put down in print. And before four (4) witnesses in his small office, Dial claimed that both of these businesses were certainly profitable, and he also made the claim that they carried absolutely no debt. He also made the claim that there were no more than "39 million and change" shares that were issued and outstanding.
Could Dial have lied? Sure! But if he did, it would surely be grounds for litigious action, and we would win! Given the case of this prospect, I do NOT think for a minute that he lied. It is sad to see this stock languish as it now is, and there is an ample set of reasons to explain it: 1) shorting; 2) silence; 3) lack of follow-through; 4) missing deadlines; and 5) mistrust.
It is my belief that all of these reasons interconnect. I'm of the belief that it is the shorting that has caused the greatest of damage, but the shorting has been made possible by the presence of all other factors. If I was to put all of these factors in some order, from initial to final cause, they would list in the following way: 1) missing deadlines; 2) lack of follow through; 3) silence; 4) mistrust; and 5) shorting. Of course, there are the ultimate selling pressures that drop the price, but I don't personally know anyone who's been selling into these pressures; no, most people I know have been accumulating shares, save Oracle, of course, but he had to do what he felt appropriate to his own level of belief or endurance.
There are implications that I cannot be trusted. So what? The trust someone chooses to place on anyone else is purely voluntary. If there is any meter by which my position can be measured, please consider this: My consistency! I have not vacillated to and fro like some indecisive doubter, who is questioning his own choices on investment decisions, or some opportunistic deceiver, who is preying on the doubts of others. No, I have been a firm champion of this company, NOT a pumper, as they tend to be of the sort that promote illusory imaginations of nothing but pure, unadulterated fantasy. No, what I chose to relay to all here -- quite sincerely, I might add -- are the true positives as I know and understand them, as relayed to me by those within and without. Sure, to gain privileged, insider information is a bad thing, but only when one buys or sells based on that information.
Sure, I can admit that I did wonder about why Swinford's annual projections were so unbelievably low, something which indirectly implied that his tool utilization rates were far lower than the rates about which I had been informed. But it's not my calling to cast a long, dark shadow of the negative impression of my misunderstanding, given that Swinford has every right to lowball expectations, as he is an engineer, and as an engineer, myself, I can appreciate how we tend to universally employ huge margins of safety in our work; in fact, we typically call it the fudge factor. We engineers would much rather be safe than sorry.
I can also admit that when I first discovered Lois Newman's odd participation in what truly seemed to be a wide variety of Pink Sheets companies months ago, I felt worrisome at best, but when it was explained to me how it was simply a side "hobby" of hers that had no bearing at all on these companies, I dismissed it as pure anomaly. Why go through the trouble of discussing the various entrepreneurial ventures of a company associate? I just didn't believe that at the time her apparent hobby had any relevant import to my perceptions of the company. After all, wasn't she but only a secretary? It seemed only natural to dismiss it.
Is it at all possible that Dial has mixed himself up with a few sinister individuals, maybe even an organized group of sinister individuals via Lois Newman, without his knowledge? Sure! The possibility is glaringly obvious!
Jim Dial claims to have met Lois Newman in 2003, when she moved into his neighborhood in Willis, TX. It is she who brought her usual suspects -- Phil Willits, Grifco General Counsel; Leonard Koplenz, Grifco CPA; John and Nick Jarvis, entrepreneurs; Ryan Kirch, IR; and possibly others -- to Jim Dial when she heard of his very ambitious plans to take a fast-growing company, Grifco International, Inc. -- a real company -- public. Is this guilt by association? Well, before we attempt to answer or even ask ourselves this question, we must ask ourselves yet another far more probing question: What guilt?
Does it look good? No way! Is it all bad? Who knows at this point! It is too early to tell, one way or the other, but the facts surrounding Lois Newman, however good or bad, don't take away from the potential worth and reach of the operational end of this business. Whatever Lois, or whoever is behind her, is opportunistically contriving to do or accomplish is in no real way directly related to what both Dial and Swinford are trying to do with Grifco and CTT, respectively. This is one constant truth that I can confidently affirm!
By the way, official free-trading float is close to 10 million shares now, and yet the number of shares officially issued and outstanding still numbers about 39 and 1/2 million shares. At the end of the day, I still stand by my choices to continue to hold what I have decided to buy, despite the languishing share price. I am still highly encouraged by what I hear from those in the field and in other companies in this industry. Another interesting fact: Dial still stands very strongly behind those financial figures put out in the PR of March 3, 2005; in fact, to quote, "I still stand by those numbers!" And if you still doubt, just wait until they officially publish those numbers, once CTBG's spin-off and dividend distribution is complete.
I still think we have a real winner here! Libya will prove to be a highly lucrative venture for any company able to set foot inside those walls, and isn't it one rather promising prospect to know that we actually have two of these companies right here? Oh, you betcha!
Been_Burned_Before
AI
