Replies to post #1241 on Grifco Inc (GFCI)

[10 bagger]

GFCI..

That's what all the discussion is about.. This might be the greatest stock since sliced bread but with out shares out and continued stalls from management I am surprised it still has so many believers.. For thier sake I hope they will be rewarded.. As for the spinoff,, There were a couple of large sell trades made today and It makes me wonder who other than the management of GFCI would own that amount.. The news releases have the same vauge and unbinding tone and now the same PR firm.. We will all see shortly as the end of the month is comming and not many more excuses will work,, even for the true believer... As for me,, I don't own a share because I will not buy a stock that trades on promises without finanicals or shares outstanding... hank

[Han2004fl]

zagdad

the company just got few million $ contracts... i think they have money to buy back. From what I gather from posts of those who recently talked to Dail on RB, IHUBS, etc .. it see to be 2:1 still And share count on both companies come under 40 and 80 millions.

Also some believe that the paper is already in SEC's hand for the review. SEC dould approves it any day now. I hope Mon or Tuesday of next week instead of the week after. I am buying more on Monday. I believe the price on monday will be more of .34 to .38 This stock could hit around .45 to .50 by Friday in anticipation of news the end of Jan (if no news this coming week), and shorts covering.

[Han2004fl]

Zagdad II

I believe that what Dail told you about another spin-off it they run into problem is correct. And it's for a good reason. The other spin-off will be the Global Oil Tools division which is going to be under GFCI after CTBG totally spin-off take place (after dividend given to GFCI's holders)

If so current shareholders will get CTBG (soon), and the spin-off of Global Oil Tools. Plus they will get GFCI (which should be just shell at that time unless a new division get developed)

Dec 1, this company get $3.3 million order for its SCUDA corrosion tool. The order will be completed by the end of May.

CTT soon will be selling the products like hot cake .. now that BP is going to order the tools. Others oil companies will start soon after.

On Nov1, American Finance Corp already release Global Oil Tools assets back to Grifco.

Dec 13, Lyamec completes formation of Global Oil Tools Libya and moves to preconstruction stage. All the detail of money was put out. From Nove 8 pr: GFCI enters the 90 day window to break ground on Global Oil Tools, Libya; shortly thereafter, Grifco begins production on a $20 million planned purchase order to kick start the Libya manufacturing facility.

So either we have one spin-off (CTBG from GFCI or Two, it doesn't matter. Myself I prefer two spin-offs. Because I will end up owning 3 companies. I am sure GFCI has some value as a shell by itself. But the process will take longer. I can wait especially when OIL price is going up like crazy.

Have you visit the company's site? Very impressive: www.grifco.org