I-Hub readers. I get the feeling you're going to be reading a LOT about in the near future about GFCI not having a CFO, missing their target date for financials, needing a COO, needing to be listed, etc. Oh yea and "we need PRs!!!" All true.
Now I'll give some reasons to hold, and even buy, GFCI. These reasons havew nothing to do with blind faith. Global Oil Tools (acquired by Grifco in July '05) has a shop in Houma, LA. It ain't much from the outside, but is equipped with 9 automated CNC lathes. These are highly efficient units that out perform manual lathes by factors of 5- 10. They have a number of automated welding bays. Their machinists are highly skilled. The shop is certified by the International Standards Organization. This is a big deal. Many companies won't accept work from shops taht aren't ISO certified.
Grifco has a smaller shop in Scott, LA. It has 4 CNC machines. Global has gotten so busy that they started shipping their overflow work to Scott. Scott hit the production wall a few weeks ago and are now sending their overflow to contract shops in Houston. These are thimgs I know. Both shops allow visitors and are good about showing them the facilities.
In Late July GFCI issued a PR stating that they had sent 22 RotorJets to the field. These are similar ti the Jet motor. On August 10 a PR announced the shipment of 50 Jet Motors to the field. These were not "we are fix'n to ship" staatements.
I don't have al the answers. I have questions of my own. But "blind faith"-- not me. I've done my homework. There is virtually no chance that Grifco is a scam. They are a small Company building by acquiring already successful companies. They have real facilities and real products.
