GFCI - Why I am excited? We shareholders of grifco(GFCI) are expecting to get stock dividends of the following companies. FTXN is already trading public. PDEI & Global oil will have to be taken next. Read the post below..Very well written by BBB..
--------------From the post made by By: been_burned_before
23 Jun 2007, 11:27 PM EDT ----------------------------
Stock dividend - FTXN
Assuming that Grifco shareholders are in fact getting a dividend of FTXN in the very near future, and by virtue of being a wholly owned subsidiary, a share in UERI, it is good to hear that their gas well drilling program is steadily moving forward, even though there have been no formal announcements by Grifco, as clearly promised. There are 208 proposed drill sites (actually, more like 230 possible). I have discovered that in that area striking a productive gas well is about as certain as it comes -- 94% success rates.
Stock dividend - PDEI
And then there's UERI's partly owned drilling subsidiary, Precision Drilling & Exploration, Inc. (PDEI). UERI owns 51% of the company, while the Ronnie Taylor family own 49%. One nice thing about being just another driller is that the guys will get paid, whether or not the newly drilled well is productive. And with a slot of 208 drill sites at $300,000 each, PDEI is poised to make some good revenue in the upcoming years. At just 1 well drilled per month, it is poised to generate $3.6 million annually; for 2 wells, $7.2 million; for 4 wells, $14.4 million. You get the picture. Grifco shareholders do get to receive a dividend in this company, as well.
Stock dividend - Global Oil Tools
And then there's the final Global Oil Tools dividend, also. Grifco shareholders should receive dividend shares in that, too. After we all get our CTBG dividend, we shall begin to see details about each of these three other dividends. Hopefully, these dividends will be distributed more efficiently than CTBG. Yes -- let's hope
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