Replies to post #6929 on Grifco Inc (GFCI)

[cyofish]

IMO all Lyamec wanted was Global Oil Libiya. They don't give a flip about Grifco. As I said before RG Raymond is the CEO of Global Libiya no matter what the bagholders want to believe. I understand he's the interim CEO of Lyamec. Even dial admitted to the two Amigos that Lyamec was in charge of Libiya, it didn't sound like Dial wasn't in charge at all.

3 million investment bought them a 15% stake in Global Libiya. In order to do business there another 15% had to be allocated to the government (government ownership is not uncommon in some countries). Lyamec also owns the production and distribution rights for North Africa, Middle East, and Azerbajan. I think they're pretty satisfied.