GFCI: Lentiman, you asked Bobwins some questions about why Grifco should be trusted. I don't expect you to trust me. The reason it is not @ $3.00 now is self evident. It is a pinky with no verifiable earnings. IMO
I'll tell why I'm in GFCI up to my ears. I have a relative with 40 years in drilling, production and oil field equipment manufacturing. He has sold 2 pending patents of his for downhole turbine pumps.
This relative has held the Jet Motor in his hands. As well as the Ko-Vac pump , a specialty fishing tool, and some very small drill bits that he assumes are to ream ahead of the jet motor. The JM is a very high pressure tool, 10K - 15K psi. Blow back off scale in highly corroded coil tubing causes lots of torque. If you notice in the PR that they refer to the JM as a drill bit. That is most likely a modification developed from the 25 field tests in Mexico, which Schlumberger ran.
I also know that Grifco has 4 CNC (Computer Neumeric Controlled) turning / milling machines. These are +- $100K per copy machines. They didn't buy these so they could issue fluff PRs about them.
I also know that Global has a much larger shop in Houma, LA than does Grifco in Scott. I know that global's facility is on a railroad siding.
My relative has questions about management. His biggest question is, " why in the hell isn't this a much bigger company?" Personally, I think they are suffering major growing pains.
My relative said, " I don't know what's up with management, but with the specialty coil tubing tools they are putting out, I don't see how they van miss."
PS. I also know that the shop has been sending tools to Mexico to stock two new rental shops.
I hope this helps. Do your own DD.
