Grifco Inc (GFCI)

[10 bagger]

BBB.. Lets leave out the accountants and all the other merger noise..I'll just put in the 2 paragraphs that got every one hooked.. Noting more, nothing less,, PLEASE Just address these two paragraphs with out going off on a tangent someplace else.. hank

"GFCI Operational Update and Earnings Guidance for 2004-2005
HOUSTON, TX -- (MARKET WIRE) -- 03/03/2005 -- Grifco International, Inc. (OTC: GFCI), a provider of oil and gas services equipment to the worldwide oil and gas industry, announces net income of $2.6 million, or approximately $0.13 per share on $7.5 million gross revenue for the six months ending December 31st, 2004.

Grifco International goals for the second half of the year are predicated upon achieving significant growth in revenue and shareholder equity. Based upon Grifco's aggressive acquisition schedule and expanding product line, management believes the third and fourth quarter 2005 will earn an additional $0.23 to $0.25 per share for the fiscal year ending June 30th 2005. The Company's forecast is based on its ongoing projects and acquisitions, including....."

$0.13 was in the bag for the first six months ... They were just also announcing the merger with the shell,, As you noticed there was no quiet period That stopped them from making promises.. This was the first of many releases that forcast huge earnings by many divisions that never had follow ups as to thier earnings or progress after being part of GFCI... To help some one understand the value of and risk /reward ratio of buying any company that is a pink is further enhanced by the GFCI story.. They may be the greatest thing since sliced bread but must still relay thier results to thier shareholders.. That must be done thru PRINTED and FULLY disclosed finanicals and shares outstanding.. To single out the CPA and his standing or lack of it in GFCI does not change the Risk/reward ratio,, It only alters ones perception of Managements regards for it's shareholders...hank

PS.. Just for the record.. I didn't notice in my posting of the first release that I made any mention of the accountant or the problems of Jim Dial not knowing his name.. Thanks for bringing that to our attention...My post was not to you but another that expressed that I was not bringing anything to the discussion but being negative... All I did was to repost an earlier post that he had made in rebuttal...If you have a problem with the post I reposted you have directed it at the wrong person.. If you want to discuss this further feel free...