Grifco Inc (GFCI)

[10 bagger]

GFCI..

I have taken a look at your answer several times and I think I've got it figured out.. As in all releases pertaining to GFCI there are several ways to take the meaning.. As Bill Clinton with the word IS.. You said..

10 bagger: To set some things straight . . .

First, today's PR does disclose that there is a definitively affirmative response to a definitive offer, as it is a "move on the USD $2.25 per share offer."

( That statement on the surface seems to say that they are in agreement if GFCI accepts a $2.25 offer but as of now GFCI has not put out a release that they have a $2.25 offer)

Second, I don't believe that the $76.5 million is the 5-year commitment for the acquirer; no, I believe it is the revenue projections for the Libyan facility, and the $28 million due to Lyamec is compensation for that revenue.
Lymec actually said..

Lyamec states acquisition initiatives on the 5 year outlined USD $76.5 Million GPC approved Libya facility entails an additional premium of USD $28 Million to be paid directly to Lyamec....Been_Burned_Before

you are saying is if the , if the project in Lybia goes ahead and and $76,500,000 GPC is produced,, Lymec wants another $28,000,000 USD..
First what is the difference between GPC and USD...And if i read this correctly Lymec want's $28,000,000 if $76,500,000 GPC revenues are ever produced.. That works out to 36.6%.. Thats alot of money for a partner after not having a full share must pay.. 36.6% of revenues,, not profits...Wow what a deal...As usual there is no projections as to any revenues or profits from the Lybia facility that has yet to be built but Had a shovel in the ground for a ceramony of ground breaking..

The release stated...
Lyamec in Agreement With Grifco on $2.25 Per Share Offer
LONDON, July 7 /PRNewswire/ -- Lyamec announces that it has reached an agreement with Grifco (Pink Sheets: GFCI) to move on the USD $2.25 per share offer: 'We look forward to receiving fully executed documents in the upcoming days, and look forward to move to closing.'......

WOW that reminds me of the promised finanicals a year ago and the press release Lymec put out recently stating GFCI will become a full reporting company

Lyamec states acquisition initiatives on the 5 year outlined USD $76.5 Million GPC approved Libya facility entails an additional premium of USD $28 Million to be paid directly to Lyamec.

In a statement by Interim CEO RG Raymond, 'Clearly, it would be an unwise decision on anyone's part to perceive that any offering to acquire a majority stake of Grifco at this stage will lead to leveraging their position on the Libya facility without our approval,....

So now you have Lymec telling any buyers that you will have to deal with us and don't think because you make a tender for GFCI that you will recieve anything but our shares

regardless of Grifco's current assets and or commercialized tools and products. Notwithstanding this, Grifco is now to resume consolidating its assets for closing.' Are those the same assets as finanicals have been promised on for over a year or do the also include the $30,000,000 in sales that were projected 2 months befoe the merger that J.Dial said at merger time would help GFCI in it's International business..

So to sum this up Lymec says they have an agreement with GFCI to sell thier shares for $2.25 but who ever buys them will have to deal with Lymec.. Also Lymec says even though all we have is a shovel in the ground if this works we want another $28,000,000...If it doesn't work you have bought our shares for $13,500,000.. Also Lymec is telling any prospective buyers that without us you have nothing and as for now give us the money and call back at a later date to find out when you owe us the $28,000,000..

Quite a different take on this release,, because if you have read as many GFCI releases as I have they are unque and they all have one thing in common..

There is never a follow up...... hank