TX TOWERS, BOBWINS
tx: Reality is, I am 31 and I am in the front lines of this industry. Heck just today I was talking to a manager and he was telling me that his supervisor in the CT business made $5,600.00 in bonus in 14 days. Now add his salary of $2,500.00 for those 14 days and that supervisor made $8,100.00 for two weeks of work. I happen to know that CT units are being ordered to service exploration companies and they're being told there is a three week wait. You want to tell BBB or anyone else for that matter who knows the industry that GFCI is not making $$$$.
Great! and I for one certainly very much appreciate your oil field input. I know that there are people and companies making a freaking MINT right now, at home and abroad. The point, is stated time and time again
why won't grifco tell us how much money they are making???
It's a great time to be in the industry. They could easily put out a pr, "we cannot file audited results for the year ended _______ because we don't have a clean audit for litfiber. Our part of the financials would be _____ and we are working on getting the situation taken care of as soon as possible. Estimated timeframe is _____ and here is our auditor's phone number to verify. We will keep you updated"
That would be very easy to do, and the fact that they haven't is very telling. They maybe don't even know how much money they are making. They might be the worst bookeepers in the history of public companies (besides litfiber) and if that is the case, then it certainly will hinder the stock growth. The CFO should be able to fix that if it's the case, given time, he worked with booots and coots and they rent equipement and manpower to oilfield companies.
why is grifco screwing around with Libya, Venezuela when they pruportedly have the single best tool ever for oil rigs to clean refurbish with??
At the point when they developed the JM, and saw what it could do, they should have started churning those things out, one after the other, till they had 100 of every size imaginable, with a fleet of trucks to take them wherever they were needed. Shut down every other function for a year, and crank those babies out. Having extra jet motors sitting around is no big deal with an alleged 90% plus net margin. Each day of rental for one JM should make at least one more jm to go the field. With a product that blows every other product of yours out of the water from a revenue stream, you take everything you have and put it into that product. Revenues and profits can help you market your way back into lost business easily if that's what you want to do. If gold goes to $800 per ounce, you don't up your copper production. You don't take men from the gold field to the cdmium mine. becaue gold is doing so well on its own you can start to improve you other businesses, so pare down the gold field and get the molybdemum up to par. HELL NO! You take everyone you got, stop all other mines, and GO FOR THE GOLD.
why are they messing with reverse merging into litfiber shell anyways?
this is not how to gain legitimacy, period
why the heck are they spinning out a division?
if it's to recognize the value of both businesses, then why the heck not just tell us what the businesses are making in a format that financial people recognize, tell us eaxclty what the status on getting an audit done are. The street would like that a whole lot more than management spending their time and money on revers mergers, finding empty shells to distrubute 85 million shares of 30% of a 15MM business, etc etc etc. Jim Dial should be cracking the whip at the JM facility.
Obviously I could go on and on. The more time goes by and the more they focus on unimportant things, like a special dividend to spin out the most profitable part of your company, just crank it up and focus on making money. PERIOD. If they think people are shorting their stock, and want them to stop, then crank up the 2 MM per month revenue stream to 40 MM per month. Tell us about it, and tell us when you will be able to prove it without a shadow of a doubt. RIght now with the litfiber shell R/M and the IPHG spinout they look like bumbling idiots, who are trying to manage their stock price. Which is impossible. Shorts, if they exist here, are laughing their asses off and Jim Dial trying to chase his tail, when the answer is so obvious.
And don't get me started on Mike King. I am positive I could do a better job at IR than he is. Jim Dial, if you're reading this, post a message here and I will talk to you about making me the IR person. I would be able to help you fifty times more than that fool you hired, and probably do it cheaper than he is to boot. He is NOT HELPING.
I am not negative on the company and or it's propects. I am down on management because their current strategies have them missing the very biggest bull market in energy ever, and the solution is so very easy to see. I wish I could sit on the BOD. They are probably so close to it that they can't see the forest for the trees. I hope they wake up soon.
