Grifco Inc (GFCI)

[back2basics]

GFCI is absolutly NOT a scam. I'm sometimes mystified at mangement though. I'm the one that reported on RB that Grifco supplied the tools for a fishing job on a Helmrich & Payne drilling rig in Venezuela. They have a local agent, Serivicios Petroleos Santa Fe, that is running their tools.

Another poster on RB was recently in the Four Corners area doing safety serveys on drilling rigs. He asked several workers if they were familier with Grifc. He got a number of affirmative responces.

The Global shop in Houma. LA has overflowed their excesss work to Grifco's shop in Scott, LA. Scott has now overflowed excess work to contract shops in Houston. Global's tools are simpler and more condusive to high speed production that the two shop's CNC machines can generate. Grifco tools require more hand assembly.

IMO, Grifco is challenged in building an infrastructure to support their amazing potential, but they are NOT a scam. FWIW