GFCI..
HOUSTON, TX--(MARKET WIRE)--Dec 8, 2005 -- Global Oil Tools, Inc., a wholly owned subsidiary of Grifco International (Other OTC:GFCI.PK - News), is pleased to announce a 25% production increase at its Louisiana production facility courtesy of the purchase and delivery of dual CNC lathe machines.
Has any one ever seen another release thanking a purchase of a piece of equipment..??
Does this release mean that we will now see releases of Automobiles, office supplies, trucks and raw steel..
This release put out when shareholders need information opens more questions than it answers.. $1,000,000 in progress..?? Is that the backlog of GFCI,, Is that all the orders left that are unfilled...
Really what is needed to quiet the doubters is financials, and a release following up the last release of many months ago giving share and earnings...
As we come close to the end of the year and SEC 15C-211 fillings have to be made or updated... How many MM will risk all to again verify that they have in thier files up to date finanicals on GFCI.... If it were my desk I would not expose my firm to trade in GFCI without such documentation... A reading of SEC 15C-211 is avil on the pink sheets web site..
To try to judge if GFCI is for real or not is a mute point at this time as the market place will make that judgement for all..
To remain qualified for trading and remain complient with 15C-211 should be of the first concern of GFCI and the only way it meets this obligation is thru timely releases of finanicals...
I suggest all interest read the Doc SEC 15-211...It is possible that a market for GFCI stock may not be for much longer.... hank
Please post stock symbols first in all your posts. If it's a foreign stock, please also list the US pk equivalent symbol...
