Replies to post #778 on Grifco Inc (GFCI)

[Dr Bill]

I find it insanely funny that a man who is saying that one "thirty cent" share in GFCI, is somehow going to turn into "five dollars and forty eight cents"

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May I remind everyone that the fair market valuations for both GFCI and its new spin-off, CTTI, are much higher than the paltry valuations the market is now giving it at these levels. To summarize:

For GFCI: $3.20 per share
For CTTI: $1.14 per share

This is all figured by leaning on revenue projections that were taken from various PR's. For 2005, revenues for GFCI were projected to be $24.5MM (excluding CTTI), while for CTTI, they were projected to be $20.0MM.
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an instant (or almost instant) ONE THOUSAND NINE HUNDRED percent return,

is telling another poster to "open your eyes Bob".

Opps that's with a "conservative" fifty percent pink discount.

OPEN YOUR EYES BOB!

heh

I'm sorry BBB, but you've got all your money in this one crappy long shot company and you're expecting a return in the thousands of percents over the course of a few months. Once again, I hope to hell you're correct.

[Bobwins]

BBB calm down. putting everything in caps doesn't make it better. I stand by my statement. You are passing the time here by taking undocumented numbers and multiplying them by other numbers to come up with valuations.

If Grifco would issue audited numbers and you did the same thing, I would agree that you could make some assumptions but assuming 35% net profits on gross revenues for a foreign subsidiary that hasn't setup shop yet based on a PR isn't conservative.

I have a good track record of analyzing stocks. I setup the Value Microcaps board here on Ihub and Grifco isn't my first stock. You can stop yelling at me. I am not going to get into a pointless "did too, did not" debate. I have my opinion, you have yours but I couldn't let the "conservative" estimate go by plus I am frustrated by mgmt.

Bobwins