elcheepo, Grifco is beyond the point of speculation. We were all speculating 1-2 years ago. Many peple bought in to the forward statements made a year ago, mainly on a bet. Today, we're seeing the results, or more accurately the lack of results, from the forward statements. There were assurances made to individual investors months ago that had been confirmed to be out and out lies. If you followed Grifco for a year or longer, you can quite resonably say this whole opeartion was a sham. Sure, UERI struck gas. However, even JD says UERI is an arms-length operation from Grifco. Meaning, this doesn't mean a darn thing to the Grifco shareholders until JD initates a share exchange. From a historical perspective, the chance of a share exchange occuring is very slim. Getting excited about UERI is like getting excited about your next door neighbr winning $500 on a scratch off lotto and you somehow conclude that he's going to give you half of it because your neighbors.
Another thing about UERI - Revenue is the topline of a Profit & Loss/Income statement. Below the topline are the expenses, and the bottom line profit/loss. Then there are the partnership agreement. We know UERI is the general partner for the Gas venture but who are the other partners? How many partners are there? How are the profit/loss distributed? Without knowing the details, stricking Gas on one well doesn't mean j.s.
It is quite laughable for some people on this board to talk about risk/reward, investment analysis when they don't understand the basics structure of a business or think not having financial information is not important as long as they can eyeball some tools sitting in the companies warehouse. I can go to Atlanta aiprort and eyeball hunderds of Delta planes docked at terminals. The CEO of Delta can truthfully say his company earned 16.9 Billion in revenues in 2005. Well would that make me run up and load the boat on Delta. Of course not! When I look at their Income Statement I can see how they lost nearly $4 Billion that same year, with expense running nearly $21 Billion. I can see they have negative equity on the balance sheet.
