No...this was a proposed merger but Global got a better offer and Grifco didn't match. Not included when original guidance developed.
Grifco is banking on existing oil service tools plus new intro of Jet Motor cleanout device to drive earnings. They said in conference call that they are developing final budgets and should issue revised guidance after latest acquisitions in a few weeks.
This was a lost opportunity but you can't do everything and I would rather see them focus on bread and butter business rather than chasing some big potential in Libya,etc.
GFCI: 10bagger. What motivated you to post this statement? "The major source of income has been lost to GFCI? GFCI has never stated or implied that Global would be THE major source of income. In fact they said that Global should provide an additional 1.2 million of aadditional income in the first 12 months. In the previous 6 months their net was 2,6 million. Did you know that the Lyamec PR you posted was retracted later the same day? Or did you care?
A few weeks ago I posted some encouraging personal knowlege I had about GFCI. You joined several others in deriding me for posting on GFCI. When I made my post the PPS was .18. Today it was at .46. Enjoy your PDGE.