10 bagger to answer your question they are putting all their hopes in the success of Global Libiya business.
Grifco, Ko-Vac, CTT all may be real and operating but just because they physically exist and have people on their payroll doesn't not ensure profitability. The 10/17 PR was a sad reminder of that when they were proud of a $450K Purchase order. From the expectations management gave us on prior PRs that seems like an insignificant account. Yet that was the first PR in a long while talking about any new business. WORST YET, THERE WERE NO MENTION OF THE PROFITABILITY ON THAT ORDER. What if the cost to service the order is $500K?
I also think if any of the segements were profitable, JD would announce it from the top of the mountain. If there is bad news - he would spin it or hide it. I think that would be a pretty logical assumption. Haven't heard mangement shouting. Just a few faint dastraction PRs about mergers/acquistion/spin-off etc....all which is yet to occur.
As an investor I would want to know these 4 basic things about Grifco:
1. Does the physical business exists.
2. Is it operating
3. Is it profitable
4. Is it sustainable
Last but not least, it's a little funny to see TTII refer to themselves as a fully audited reporting company. First of all They have $0 assets and $0 income. How hard is it to report and Audit their business?....
Management: "Duh, last quarter we made nothing, and we own nothing."
Auditor: "We the Auditors concur with management's assertion that they made nothing and own nothing.".
All my opinion.
