Grifco Inc (GFCI)

[cleverrox]

The share count is not the problem here. The share count was "proved" to be 38.x million when the dividend was announced. Even if there was a PR every three months with the share count the stock price wouldn't be much higher. There is simply no hard financial data out there to peg the price of the stock against.

Therefore we are all left to speculate as to how much Global Oil Tools and Global Libya and what not are worth. A buyback is a nice gesture but even buying back 5M shares would only temporarily halt a steady march to zero for the stock price.

The only thing that will lift this stock price permanently is hard financial data combined with hard share counts. Now the roll-up aims to do that but as the weeks roll by we all wonder if it will happen - or if it does happen will we still be alive to see it!

Anyway I will keep watching to see what happens. Anyone here follow SLJB.PK? Now there is another fun story stock. Promised financials but so far no delivery. Stock dropped from $.13 to $.01 in a couple days after a picture of the CEO was published with a newspaper article about how quaint their operation was.

Anyway I've decided to bet big on a pharmaceutical that was a much better chance of being a 20 bagger than GFCI IMO anyway. Good luck to you all.

RoX