Lyamec in Agreement With Grifco on $2.25 Per Share Offer LONDON, July 7 /PRNewswire/ -- Lyamec announces that it has reached an agreement with Grifco (Pink Sheets: GFCI) to move on the USD $2.25 per share offer: 'We look forward to receiving fully executed documents in the upcoming days, and look forward to move to closing.' Lyamec states acquisition initiatives on the 5 year outlined USD $76.5 Million GPC approved Libya facility entails an additional premium of USD $28 Million to be paid directly to Lyamec. In a statement by Interim CEO RG Raymond, 'Clearly, it would be an unwise decision on anyone's part to perceive that any offering to acquire a majority stake of Grifco at this stage will lead to leveraging their position on the Libya facility without our approval, regardless of Grifco's current assets and or commercialized tools and products. Notwithstanding this, Grifco is now to resume consolidating its assets for closing.'
The Global Oil Tools Libya facility in Misurata is strategically located to provide ready access to critical key distribution points from which Global can deliver tools to regional customers on a just-in-time basis. Global's advantage in North Africa is the ability to provide a localized, fully integrated development, manufacturing and shipping facility over competitors shipping tools from distant distribution centers.
About The Lyamec Group
The Lyamec Group (www.lyamec.com) was established in 1999, to fulfill the existing and expanding demand for U.S.-made products. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions.
Global Oil Tools (Pink Sheets: GFCI) is ISO 9001 and A.P.I. Spec. 14A certified and Quality Assurance Program conforms to all specifications set forth in ISO 9001 (ANSI/ASQC Q91) and A.P.I. Spec. 14A. Global has strict quality control standards, starting with the purchase of raw materials, through the manufacturing process, the inspection process, and the shipping process. Global maintains complete traceability on every product manufactured.
Posted by weatherbill on :
Notwithstanding this, Grifco is now to resume consolidating its assets for closing.'
love this line....seems to me to be a pretty done deal.....let's hope.....should pop the PPS big monday....very big pop
Posted by indef on :
any OS info? market cap, float, etc. nothing is available (neither pink sheets nor company website... sure, should be good play on Monday... just out of curiosity - why they moved from OTC to Pink?
historical PRs:
LTBI Acquires Grifco International, Inc. LAFAYETTE, LA -- (MARKET WIRE) -- November 19, 2004 -- LitFiber, Inc. (OTC: LTBI) (as of 11/19/04 symbol will be (OTC: GFCI)) announces it has acquired Grifco International, Inc., a provider of oil and gas services equipment to the worldwide oil and gas industry.
Grifco International specializes in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the US, China, Mexico and South America. Grifco is the leading purveyor of jarring tools for the oil field in the world; Grifco's clientele of Fortune 500 and 100 companies, national oil companies, and supermajors includes the most recognizable names in the oil and gas industry:
Exxon Mobil Kerr McGee Hydra Rig Varco B.J. Services Halliburton Energy Services Pemex Pdvsa Venezuela Wireline Specialties Progressive Oil Tools Canada Shell Coiltech Coil Tubing Services ABC Nitrogen Cudd Pressure Control Superior Pro Coil Dowell Schlumberger Steward Stevenson CNPC (Chinese National Petroleum Co.) Enmax China Weafri Well Services (Nigeria) J and J international Sonal Pedcor PT Wasita (Jarkarta) Maersk Oil (Denmark) Baker Oil Tool (Worldwide) Weatherford (Worldwide) Venline (Venezuela) Petro Tech Coil Tubing (Mexico) TriCan (Canada) Coil tubing Company Blowout Tools Cavins Fishing Tools San Antonio Services (Argentina) ACT (Action Coil Tubing)
Terms of Litfiber's acquisition of Grifco include a name change to Grifco International, Inc. to incorporate the Grifco business plan, a new symbol assigned by Nasdaq, and a 20:1 reverse split. NASDAQ has received everything necessary to effect the name change and reverse split for Grifco International, Inc. Effective at the market open on 11/19/04, the new symbol for Grifco International, Inc. will be GFCI (OTC: GFCI). As part of the acquisition, John Jarvis has tendered his resignation as CEO of Litfiber. Grifco International CEO Jim Dial will assume the role of Chief Executive Officer and President of Grifco International, Inc. Please note, Grifco International retains all Litfiber assets, including but not limited to telephony equipment, accounts, accounts receivable, contracts, Letters of Intent, representations, and agreements. John Jarvis will remain as a consultant to the company on telephony related matters.
A private company for over fourteen years, Grifco has become public in order to reflect earnings and profit through public dissemination and filings. Grifco has crafted a plan to acquire mid sized companies and competitors in the oil services field and align them horizontally in the Grifco service offering to create an oil and gas services conglomerate. Grifco's target acquisitions combine to reflect more than $50 million in annual sales.
Twelve years ago, Grifco engineered and patented a 2N1 (two directions in one tool) jarring system still employed and sold throughout the world. This 2N1 system was the first in the industry which allowed the operator to jar in both directions, as may be required, forever putting Grifco on the oil industry map.
LitFiber is a full service, engineering based, Fixed Wireless, Web Development and Telecommunications Company. LTBI combines expertise in wireless business communication systems, system integration, computer telephony software deployment, IP telephony, data networking with unparalleled customer service. Grifco feels the Litfiber telephony platform offers potential synergy with the extensive International client base of Grifco International, Inc.
Grifco International Inc. is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the US, China, Mexico and South America. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco designs and manufactures over 350 products for the Oil and Gas industry with a clientele boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Company cautions the assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those the Company expects include changes in natural gas and oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. More information about the risks and uncertainties relating to the Company's forward-looking statements are found in our SEC filings.
Contact: LitFiber, Inc. www.grifco.org Jim Dial (337) 233-8761 ir*grifco.org
SOURCE: LitFiber, Inc.
**********************************
Grifco International Acquires Global Oil Tools and Global Libya Manufacturing Facility Project
Published: Mon, 11 Jul 2005, 14:28:00 GMT
Edited by Beverly West, Staff Writer
HOUSTON, TX - July 11 (SEND2PRESS NEWSWIRE) -- The Lyamec Corporation announced today that Grifco International's (OTC Pink Sheets: GFCI) acquisition of Global Oil Tools for $4.5 million in cash and stocks has been finalized after intense negotiations involving Global Oil Tools, The Lyamec Corporation and American Finance Corp.
The combination of cash and stock allowed Grifco to negotiate better acquisition terms than that of the previous LOI in February, 2005. The new terms provide a superior transaction for Grifco's share holders. Grifco acquired Global assets without having to assume the liabilities of approximately $840,000.00 USD. This strategic acquisition is an attractive fit with Grifco's overall operations and capabilities.
The acquisition of Global Oil Tools enhances Grifco's ability to realize significant economies of scale by targeting synergies in a number of operations and corporate functions, including: cost savings, productivity, opening new markets, and accretive on earnings and cash flow per share basis, which creates long term investment value for shareholders.
Additionally, under a marketing development and marketing agreement with The Lyamec Corporation, Grifco has positioned itself for a 55% stake ownership of the technology transfer, manufacturing and distribution rights for Libya, The Middle East, Africa, and Azerbaijan. In connection with this transaction, Grifco would now directly benefit from a 20 million USD order originally set to kick start the Libya manufacturing facility in Libya. The Libya manufacturing facility currently approved for implementation under Libya's Law #5/1997, will pave the way for Grifco to access and expand its international sales by tapping a 400 million USD market. The strategic manufacturing facility is staged to be one of the most advanced manufacturing and distribution facilities in all of Africa.
Overhauling and modernizing Libya's deteriorating oil fields and restoring them to their previous production levels after 25 years of U.S. sanctions presents an excellent opportunity for Grifco to sell its oil, tools, coil tubing and jet motor units. As is already expected, rentals of these advanced patented technologies have built a backlog of advance inquiries to utilize these units. The long awaited delivery of these items has attracted a wide array of Libyan representation and rental outlet requests to manage the sought after technology.
The Lyamec Corporation, a merchandising, distribution and marketing company with advanced specific market targeting and market campaigning capabilities, is leading the promotion of Grifco's new technologies in the region. "I sincerely thank R. Raymond at Lyamec, and Ben Gala at American Finance for their efforts. We truly would not have been able to put this deal together with out their dedication," said W.J. Barnhill of Global Oil Tools in a prepared statement. "They are the most visionary and efficient group I have ever met up with. I would also like to thank CEO Jim Dial for his dedication and candor. I feel that with his strength and knowledge at the helm, everyone will be better served in the long run. All of us bring knowledge and history into this win/win relationship. Now that we are share holders of Grifco International, we will be vigorous in ensuring that we are running a tight ship."
Additionally, American Finance Corp, who owns 20% of The Lyamec Corporation, has entered into agreement to provide export facilitation to help Grifco sustain the supply and commercial marketing aspects of the jet motor units. Further, American Finance Corp. has been retained by Grifco International to provide access to more than 40 Million USD in financial support in order to promote and export U.S. products to the contracted markets.
For more information, contact: R. Raymond, of Lyamec Corporation, +1-281-599-8990, rg * lyamec.com.
NEWS SOURCE: The Lyamec Corporation
******* Grifco International Considers Merger and Acquisition Offers from the United States, the United Kingdom, and Libya Grifco International Inc. ("Grifco" or the "company") (Pink Sheets: GFCI) announces that it is reviewing several offers to merge or to be acquired. Current offers originating from the United Kingdom, the United States and Libya range from GBP 28 million British pounds (USD $49 million equivalent) to GBP 36 million British pounds (USD $59 million equivalent). "The timing to move on Libya with Lyamec was a catalyst for the merger and equity investment overtures. Now that Libya has fully normalized diplomatic relations with the United States, oil prices, oil service companies, and especially oil service companies with a footprint in the Middle East, are at a premium," stated Jim Dial, president and CEO of Grifco International.
Libya's highest priority is increasing oil and gas production through the revitalization and overhaul of underperforming oil fields with proven reserves to their previous production levels. Libya's expanding onshore/offshore exploration and production has created robust demand and a growing market for American oil equipment and services. In a statement issued by RG Raymond, interim CEO of Lyamec Corp., "While we regard this as a positive development, we will carefully review our options to ensure the basis of any transaction falls within the parameters of our objective to effect managerial change at Grifco." Adding, "Clearly, the positive political climate both here and in Libya places an improved position on the options."
The Global Oil Tools Libya facility in Misurata is strategically located to provide ready access to critical key distribution points from which Global can deliver tools to regional customers on a just-in-time basis. Global's advantage in North Africa is the ability to provide a localized, fully integrated development, manufacturing and shipping facility over competitors shipping tools from distant distribution centers. "Given the geography of the regions and Lyamec's approach to the vast opportunities on current Libyan projects, Grifco requires a 'finesse approach' to restructuring operations and policies. While some aspects of the negotiations could complicate the chances for closing a deal, the participants should be able to see eye to eye for a successful outcome and one has to ask how easily three cultures can collaborate," stated Ben Gala of American Finance Corp.
In anticipation of the additional volume from Libyan and other customers, Global Oil Tools is within reach of accepting additional orders through recently acquired additional CNC machines and ongoing installations of enhanced order processing and management systems. Global expects this modernization to provide the company with the capacity to rapidly fulfill current back orders and future volume projected from recently reinvigorated oil and gas wells left stagnant in Libya since the mid-1980s. Over the last year, a preponderance of stagnant oil wells throughout the world are under redevelopment, taking advantage of the record rise in oil prices and creating a significant demand for oil and gas well maintenance and overhaul tools, such as those patented and manufactured by Global.
About Grifco International Inc.
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp., and Schlumberger.
The Lyamec Group (www.lyamec.com) was established in 1999, to fulfill the existing and expanding demand for U.S.-made products as outlined by President Clinton in 1999. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions.
About American Finance Corp.
American Finance Corp. is an investment banking firm that provides support on mergers and acquisitions (M&A), corporate finance, and valuation services. Our products focus predominantly on privately held small- to medium-sized businesses, and on transactions ranging from USD $1 million to USD $130 million over a variety of industrial applications. www.americanfinanceco.com
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Princeton Research Inc. Mike King, 702-650-3000
Source: Business Wire (June 8, 2006 - 2:22 PM EDT)
have to wait for more info....tricky wording...may just be an agreement between gfci and lyamec on their part of GFCI holdings......
I wish these lawyers would use some real language and speak it plainly.....arrg!
Posted by indef on :
quote:Originally posted by weatherbill: <snip> have to wait for more info....tricky wording...may just be an agreement between gfci and lyamec on their part of GFCI holdings...... <snip>
any luck for getting info?
Posted by weatherbill on :
been to other boards....they're arguing over translation of PR out......
all I can say is I'm waiting for another PR for clarification
Posted by 4bidon on :
anyway to buy this now, or how do i jump in on monday morn.
Posted by weatherbill on :
been chatting with other folks....lots of peeps say gap, dip then they are buying on the dip, so I expect that's what's gonna happen, so watch for a dip if you want a day trade on this....
the only acception being is if we get a clarifying PR stating a full clear buy out, then just jump in for the ride up......it's going to be crazy either way
Posted by indef on :
.18 x .185 pre-market? or my streamer is faking it?
Posted by jordanm on :
Big gapper.
Posted by djg7 on :
.18 x .16?
Posted by djg7 on :
.195 x .21!
Posted by Average Joe on :
.195 x .21
Posted by indef on :
.20 x .21
Posted by djg7 on :
.20 x .22!
Posted by stocks1984 on :
wow be very risky to get in this right?
Posted by djg7 on :
I hope it dips before entry.
Posted by indef on :
quote:Originally posted by djg7: I hope it dips before entry.
probably - watch at around 9:40am
Posted by skrewball on :
Who knows what is going to happen...it is up 100% from Friday. There may be alot of early profit taking.
Posted by stocks1984 on :
is Lyamec going to get the 2.25 or GFCI?
Posted by Schwabie on :
err confusing !?! Someone explain !
Posted by indef on :
quote:Originally posted by stocks1984: is Lyamec going to get the 2.25 or GFCI?
did not find any good explanation - should be PR about Friday PR Posted by stocks1984 on :
did someone just move this post from the micropennies boards?
Posted by skrewball on :
Well it isn't a micropenny anymore ;-)
Posted by stocks1984 on :
damn should have got in at .207, my gut was telling me so
Posted by skrewball on :
Anyone got L2s?
Posted by T e x on :
jeez, turned my head, and it's gone from 22-24 to 37-38...
Posted by indef on :
first dip
Posted by Brad C on :
Any guess on where it will stop on the way down?
Posted by stocks1984 on :
yeah first dip but can it go back up
Posted by T e x on :
lol, go to the corner store and come back to see 28...wild n wooly
Posted by skrewball on :
You should know better than that! Posted by barricuda on :
IN....
Posted by KB1112 on :
I bought 16,000 shares at .30 and sold out at .365 for a nice $1000 that took 2 min and 18 seconds!
Posted by Jo4321 on :
Is this just a dip, or is the run over?
Posted by skrewball on :
quote:Originally posted by Jo4321: Is this just a dip, or is the run over?
Without a PR from GFCI explaining last week's PR...this may be it. The PR is worded rather badly.
Posted by barricuda on :
Cst av. .26
3 buys
Posted by indef on :
expect .27 .275 range up to 11:30 - 12... should gap after
Posted by Schwabie on :
.25
Posted by doling2005 on :
IN here
Posted by stocks1984 on :
kinda a risky to get in now? keeps dropping
Posted by Schwabie on :
very....
Posted by barricuda on :
got a few more at .248
hard to fill
Posted by Blue Marlin on :
Anybody see where that fish went?
Posted by Schwabie on :
.245
Posted by Blue Marlin on :
yep, thats where he went...
Posted by Blue Marlin on :
just might jump out
Posted by Schwabie on :
.231
Posted by indef on :
according to GFCI board (cannot find official numbers) OS is 28 million and 10+ million are shorted - will see what happened after 12pm
Posted by doling2005 on :
quote:Originally posted by indef: according to GFCI board (cannot find official numbers) OS is 28 million and 10+ million are shorted - will see what happened after 12pm
That sounds good to me..
Posted by ajman on :
Morning shake, it'll be headed back up shortly
Posted by Blue Marlin on :
got one last bid in to fill..
going for it here.
Posted by cassity on :
I've been reading the PR about the buyout. Seems pretty straight forward to me. It looks like that Laymec company isn't publicly traded, so they may be using GFCI for that reason. I don't know for sure, let me know what you' all think
Posted by ajman on :
Certainly a cheaper way to go public
Posted by stocks1984 on :
i dont know but not looking too good , if you think about getting in, could drop to .20 before doing something
Posted by Blue Marlin on :
bid in at .21
Posted by Hannibull on :
why is this trading at 0.215 when its a 2.25 buyout... makes no sense
Posted by indef on :
100 signal
Posted by Schwabie on :
ahh so they need shares..
Posted by ajman on :
this is the price we pay for such a large gap up on open,,,just filling the gap. IMO, will head back up after lunch.
Posted by doling2005 on :
tried to get more at .21 no luck
Posted by glassman on :
hey marlin, did you actually get filled at .21?
Posted by Blue Marlin on :
i'm happy now
Posted by Blue Marlin on :
glass,,,nope
Posted by Blue Marlin on :
thought i nailed it, no cigar..re-grouping..
Posted by Blue Marlin on :
went right thru me to .205 they didn't fill me at .21
Posted by stocks1984 on :
be careful, as i stated earlier, could see .20 before we it does anything. Might re-evaluate and possibly could go under .20, will see. Good luck to anyone is risking it right now
Posted by doling2005 on :
List of clients for Lymac
Clients, Partners & Affiliates
Normandy Partners American Finance Corporation Fairmont Hotels & Resorts Toshiba American Health Corp Western Union Fujitsu Radisson Hotels Carlson Hotels Worldwide Apple Fact Based Communications Corel Corporation Thrifty Rent-A-Car System Global Oil Tools, Inc. American Express Coil Tubing Technology, Inc. Grifco International, Inc.
Posted by Blue Marlin on :
ask .225 bid .206
bid now .21
ask now .22
Posted by doling2005 on :
Just emailed the company to ask for a clarification pr or return email.
Posted by Blue Marlin on :
stair steps.....------------> down
Ask .215 Bid .211
last .215 green
Posted by indef on :
going up - will see after lunch and 10 mil volume
Posted by Blue Marlin on :
1850 more at .23 showed 1800 12:52 hrs...could not fill under .23 go figgure..LOL
Posted by doling2005 on :
bid and ask moving up...good sign
Posted by Blue Marlin on :
might be a scramble to cover short..If it isn't covered.
Posted by Blue Marlin on :
Ha ha up $9.25 LOL on 1850, down a little in another account.
Posted by Blue Marlin on :
Ask .24 bid .235
Posted by doling2005 on :
Sure wish I would have had my .21 filled
Posted by Blue Marlin on :
I don't think you would of got it..They went right thru me and it was in for awhile..
Last .24 bid .235 ask .24
Posted by doling2005 on :
.24 buyers are back Posted by Blue Marlin on :
.245 make that .25
Posted by doling2005 on :
I say .60 by the end of the week
over 10 million shares traded...
Posted by djg7 on :
.25 x .255. Up we go.
Posted by ajman on :
wish I could get L2 on this thru ameritrade
Posted by Blue Marlin on :
I'm just using get quote on the buy/sell bar
Posted by ajman on :
yeh, me too, but would be nice to have full L2
Posted by doling2005 on :
djg7 you're still here... holding strong here.. if we get our clarification PR we're going to be much higher
Posted by Blue Marlin on :
there's .26
Posted by djg7 on :
I haven't left doling I got my price per share averaged down where it is bearable. The MMs had to get their shares because it gapped so quickly this AM. I think we will run for a while. Clarification on the pr would help.
Posted by Blue Marlin on :
aj, one monitor is on Last sale, full screen, nice picture , huh
better than nothing,, or just get quote..
Posted by ajman on :
yeah, I keep my last sale screen up to,,,,nice to see
Posted by Blue Marlin on :
last .27
Posted by doling2005 on :
And it's early! Anyone think we are going to see panic buying again toward the close?
Posted by djg7 on :
Let's hope they have to chase this to the closing.
Posted by Hannibull on :
someone mentioned theres 10,000,000 shares short, since this is a buyout all those shares will have to be covered correct?
Posted by djg7 on :
UBSS and NITE got a hold of it. It may shake for a few minutes.
Posted by Blue Marlin on :
Nite has a short problem, almost $500 million is what I hear...
Posted by doling2005 on :
break .27 resistance and we're over .30 again
Posted by Blue Marlin on :
Green in 2 accounts now on this stock...
Last .285
Posted by Blue Marlin on :
There's .30
Posted by doling2005 on :
goooooo gfci....
Posted by Blue Marlin on :
.31
Posted by T e x on :
nice turn, fellas...
Posted by djg7 on :
6 MMs lined up at .32.
Posted by doling2005 on :
if .30 holds, we may reach .60 sooner
Posted by djg7 on :
We need to break through .31 for a run.
Posted by ajman on :
looks like they're going to shake it now and then let it run up into close, jmho
Posted by Blue Marlin on :
somebody wanted it over the ask..lol
10,000 shrs at .28 ask .275
Posted by djg7 on :
Nice buys coming in at .28.
Posted by Blue Marlin on :
I like 2 digits in this situation...
Posted by 66inxs on :
good pick weatherbill ! congrats to those of you who got in on this! GLTA ! however, it seems to have resitance at .30 right now, but nice run this am.
Posted by doling2005 on :
I think weatherbill's long gone but we're enjoying it Posted by Blue Marlin on :
<-------------which way close------------->
bet's? lol
Posted by cassity on :
Found this on another board.
From ************** Originally Posted by niceguytom10 just got off the phone with Lyamec, spoke to a guy who just got out of a meeting. i didn't get his name cause he said it too fast and it was hard to hear. anyway i asked why the lyamec website has not been updated with the grifco buyout. he said he just left a meeting that involved grifco and the ironing out of the buyout. they will be updating the news soon he said as things progress. i said thank you and told him myself along with many others will be waiting impatiently with a little chuckle.
so i guess we just have to wait, he sounded very sincere, and not once did i get a hint of anything being bogus
Posted by Batman on :
From ************** Originally Posted by niceguytom10 just got off the phone with Lyamec, spoke to a guy who just got out of a meeting. i didn't get his name cause he said it too fast and it was hard to hear. anyway i asked why the lyamec website has not been updated with the grifco buyout. he said he just left a meeting that involved grifco and the ironing out of the buyout. they will be updating the news soon he said as things progress. i said thank you and told him myself along with many others will be waiting impatiently with a little chuckle.
so i guess we just have to wait, he sounded very sincere, and not once did i get a hint of anything being bogus
Posted by indef on :
lots of rumor on diff boards - should be nice EOD run (in 15 min?)
Posted by doling2005 on :
Holding very strong here.. looks like a gapper tomorrow
Posted by doling2005 on :
bid and ask moving up EOD good sign
Posted by doling2005 on :
here she goes tomorrow looks better yet
Posted by Blue Marlin on :
Get that damnable phone call BS outa here!
This is a pump free zone!
UN-EXCEPTABLE! and we mean it!
Posted by Schwabie on :
AMEN BROTHER !
Posted by Blue Marlin on :
Might of been something left over from the trading day, but last sale 16:08:38 hrs .0355
7900 shrs.
Posted by Batman on :
quote:Originally posted by Blue Marlin: Get that damnable phone call BS outa here!
This is a pump free zone!
UN-EXCEPTABLE! and we mean it!
I'm not a fan of pumping either, however it is important to know all the info about your investment as possible, even rumors or posts from other boards claiming to have made phone calls. Because all these things can effect the PPS.
Posted by Blue Marlin on :
Bateman that is absolute nonsense.. 3rd hand phone calls from other boards DO NOT make the grade around here anymore.
Posted by 6digits on :
Blue Marlin, Batman has a right to post that phone call even if it is bogus, people are pushing everything else around here, that should be OK too. I know you started this thread and I thank you, but it's not a guarantee that you can moderate what is posted on it.
Posted by Blue Marlin on :
6digits, qoute: "I know you started this thread"
You are already wrong about a point.. Weatherbill started the thread, just look..
So, let me get this straight, you are advocating the posting of bogus information in order to,in your own words "push a stock"?
Posted by T e x on :
quote:Originally posted by 6digits: Blue Marlin, Batman has a right to post that phone call even if it is bogus, people are pushing everything else around here, that should be OK too. I know you started this thread and I thank you, but it's not a guarantee that you can moderate what is posted on it.
just got off the phone with Lyamec, spoke to a guy who just got out of a meeting. i didn't get his name cause he said it too fast and it was hard to hear. anyway i asked why the lyamec website has not been updated with the grifco buyout. he said he just left a meeting that involved grifco and the ironing out of the buyout. they will be updating the news soon he said as things progress. i said thank you and told him myself along with many others will be waiting impatiently with a little chuckle.
so i guess we just have to wait, he sounded very sincere, and not once did i get a hint of anything being bogus.
Posted by T e x on :
Thanks...that way, folks can have a look at the context and even check out whomever's other posts...
Posted by Batman on :
quote:Originally posted by T e x: Thanks...that way, folks can have a look at the context and even check out whomever's other posts...
That's a good point, thanks
Posted by Blue Marlin on :
quote:Originally posted by Batman:
quote:Originally posted by Blue Marlin: Get that damnable phone call BS outa here!
This is a pump free zone!
UN-EXCEPTABLE! and we mean it!
I'm not a fan of pumping either, however it is important to know all the info about your investment as possible, even rumors or posts from other boards claiming to have made phone calls. Because all these things can effect the PPS.
------------------------------------------------- Ok, I agree, as long as people see whats what!
Lost my temper with the 6, and for good reason..
I guess you just got in the middle there, me eyes were locked on target didn't really see ya close enough..
Friendly fire causuality, you were.
Posted by 6digits on :
I called Jim dials number and get a guy who doesn't even know what time zone he is in. I had to call back later and got another guy who had to give me a texas number. I called that number and found out that that is where Jim Dial is and he is always on the phone already. So has anyone actually confirmed this buyout in some way?
Posted by 6digits on :
Blue, I was wrong you didn't start the thread. If your losing your temper thats your problem. Moderators decide what can and can't be posted here.
Posted by Batman on :
I appreciate that Blue
Posted by Blue Marlin on :
quote:Originally posted by Blue Marlin: 6digits, qoute: "I know you started this thread"
You are already wrong about a point.. Weatherbill started the thread, just look..
So, let me get this straight, you are advocating the posting of bogus information in order to,in your own words "push a stock"?
------------------------------------------------ I never let you off the hook.....Answer these questions. Problem? yep, now you are my pet problem.
Posted by wallymac on :
quote:Originally posted by 6digits: Blue, I was wrong you didn't start the thread. If your losing your temper thats your problem. Moderators decide what can and can't be posted here.
What you may not know is that we tend to police our own boards and when we find people willingly pumping a stock with unverifiable bogus information we run them out of here. Don't come and try to chit in our yard.
You are right BLUE.
Batman thanks for the link
Wally
Posted by 6digits on :
Has anyone confirmed this buyout yet? I called Jim Dial at a Texas number where he is actually located, but he was on the phone and his secretary was in the dark. The number on the bottom of the PR is a dead end except for the fact that the guy was able to give me the right number to reach Jim Dial.
Posted by Blue Marlin on :
Dustoff = Blue Marlin, some may not know that..
Just thought of sumpin tho, there is another Blue....
Dustoff, is resting for awhile, started remembering the Nam to much when I saw it.
I think some others might of had the same thoughts..
[ July 10, 2006, 18:24: Message edited by: Blue Marlin ]
Posted by 6digits on :
So you guys are pumping a buyout on speculation and running people out for pumping? Something doesn't sound right.
Posted by glassman on :
maybe we should call you Cap'n Black Marlin....
nah, 6 digits relax...
it's the phone calls thing that gets people upset...
the phone calls are a signature of scammers...
Posted by Batman on :
I have a question. If this getts finalized, from that point, how long would it take to get the cash for the shares in our accounts???
Posted by Blue Marlin on :
Very few Black Marlin in Hawaii, glassman..They hang out further down in the South Pacific..
Ok, back to the stock!!
Posted by 6digits on :
I don't let the phone thing get to me, because I can just do the same thing and confirm the facts about it. If I can't then it's an issue.
Posted by T e x on :
quote:Originally posted by 6digits: Has anyone confirmed this buyout yet? I called Jim Dial at a Texas number where he is actually located, but he was on the phone and his secretary was in the dark. The number on the bottom of the PR is a dead end except for the fact that the guy was able to give me the right number to reach Jim Dial.
OK, there ya go...a lil DD...
don't quite get how "dead end" is equivalent to being able to get a better number from there, but apparently you made a call. Now someone can call the same number and see whether they have a similar experience. To be really helpful? In the future, go ahead and provide the number you called...
thanks
Posted by 6digits on :
1-936-788-5994 is Jim Dial, this is on the corporate contact us link. They also told me the IR guys number got a recording. That # is 1-312-493-2171.
Posted by 6digits on :
TEX, can you verify that the buyout is a go or not? Bogus or real? Fact or fantasy?
Posted by T e x on :
nope. Like most here, I read the rather confusing PR. Were I going to play it, I prolly would have called this morning. However, I was busy on another thread.
Always better when two or three on same thread call, imo...
Posted by wallymac on :
quote:Originally posted by 6digits: I don't let the phone thing get to me, because I can just do the same thing and confirm the facts about it. If I can't then it's an issue.
Let me explain. The fact that you stated that it's OK to post bogus info to "pump a stock". That goes over the line. DD that can be confirmed independently or speculation, as long as it is stated as speculation, is fine. But knowingly posting bogus information goes over the line. I don't know how long you have been trading only that you have only been around here for a couple of weeks. There is a difference between GOOD DD and Pumping/Bashing a stock. Reporting what has been found is neither pumping or bashing. Disseminating bogus information is. If you have posted on other BB's which one/ones have you posted on. At least will give me an idea of what you are accustomed to.
Wally
Posted by doling2005 on :
Which company are you all calling..buyer or seller? An earlier news release in June, states gfci was actively looking for a buyout offer or merger
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