posted
A more definitive speculation? I was tempted to bail today, decided to see where it goes tomorrow.
Posts: 781 | From: NE PA | Registered: Jan 2006
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posted
Does it sound to anyone else that this is lyamecs way of putting off another suitor for GFCI.
"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."
I have no proof of any other suitor and quite frankly had not considered it until rereading this for the umpteenth time. I am researching this but I'm having to set my parameters way to wide for me to expect any significant results. Just thought I might throw this out to see if there was any input that my help in my search.
Posts: 434 | From: NEBRASKA | Registered: Feb 2005
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Just sounds to me that one of the suitors may be dealing directly with GFCI and not involving lyamec and their feathers are ruffled and they have fears of losing access to the libya property.
Posts: 434 | From: NEBRASKA | Registered: Feb 2005
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quote:Originally posted by coalkickin: A more definitive speculation? I was tempted to bail today, decided to see where it goes tomorrow.
------------------------------------------------ Sold one position for a nice little profit.. Held 3 positions for tomorrow...
Strong close in my opinion. Settled funds may be short for some traders without margin..But that kind of volume today may negate any settlement effect due to the number of people playing..
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
On June 8th they PRd that they had received offers as high as $1.55 per share. With the Global Oil Tools Libya facility in Misurata being in such a strategic location for distribution to the rest of the mid east and africa, I don't think the $2.25 price per share is out of line at all.
It is only natural that the pps offer would continue to rise as this company with this facility is in a position to be a great benefit to the oil companies in the region.
Lyamec has already invested substanially in this company and knows the benefits of the location and the expertise of Grifco. It appears to be good business for them to make and follow thru with this offer,,,,,,,,JMHO.
Posts: 434 | From: NEBRASKA | Registered: Feb 2005
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posted
right djg7 not a gap up this am as some of us expected. there seems to be a lot of resistance so far around .30. i will be watching this one closely today too. GL an do your own DD !!!!
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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.305 x .31. We couldn't break through .31 after yesterday's first run. .31 seems to be the wall.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
Has anybody confirmed anything about this offer yet. I tried Jim Dials number and the invest rel # and no answer. It would appear from the PPS that there is confusion or doubt around the buyout or I would think the pps would be going up a lot. I'm trying to decide if I should get 100k shares for the ride.
Posts: 957 | Registered: Jun 2006
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posted
this buyout, what exactly will happen? Do we get a cash dividend of $2.25? Symbol change with an opening price of $2.25? anyone?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
I can't tell you that. If it a buyout is occuring I won't stay around long enough to see it.
quote:Originally posted by Hannibull: this buyout, what exactly will happen? Do we get a cash dividend of $2.25? Symbol change with an opening price of $2.25? anyone?
posted
rowds, maybe traders are hacking they're way outa the house to the mail box...Manalive the grass is growing right now...The way some have been glued to they're puters, well maybe they discovered outside again..
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by P Rowds: well who knows... with what happened with NDOL recently maybe everyone is being very cautious with this one...
I was actually in NDOL at that time of their buy offer, and made a decent profit. But with this PR they said the already agreed. With NDOL It seemed more shady from the begining. First, they didn't even announce who the offer was from, just that they recieved an unsolicited offer. They let it drag on longer than they should. This is from the NDOL PR
"The company has opted to keep the information confidential until such time as the purchase offer can be bona fide and the amount of the offer confirmed. The company will make every effort possible to review the offer and offering party and release said offer information as soon as possible."
Here's NDOL's PR's about offer and Merger in order.
With GFCI, The first PR they mentioned who, and how much, and also that they have agreed. This seems more solid than the NDOL. And I think there's no question that this will run until there's a reason for it to stop.
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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posted
The numbers I have been calling are for Grifco. FYI.
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.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by 6digits: The numbers I have been calling are for Grifco. FYI.
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.
What was the IR guy's name?
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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quote:Originally posted by 6digits: It sounds like he is saying Frank Hurts on the recording. Try it and see what you think.
When I called I asked to speak with IR. She said, "that would be R.G. Raymond, but he's not in now", and then transfered me to his voice mail. I called another # though
The Lyamec Group (HQ) The Lyamec Corporation Lyamec & Associates Prosperity Bank Bld Citywest Blvd Houston, Texas USA (281) 599-8990
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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posted
haha blue... very true. too hot out there isn't it? haha, i only have a little puter time left. in pitt right now then probably go tailgate at the allstar game soon. i'm on leave right now so i have all the time in the world haha...
exactly batman, when ndol was shady about it, it popped... when gfci is clear about it, it stays pretty low?
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN? Posts: 600 | From: CO, WI, contracting in Iraq... | Registered: May 2006
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"Can you confirm or deny that the buyout offer from Lyamec is accurate and moving forward?
There is a lot of speculation in the world about your position regarding this press release, however, no confirmation from Grifco Intl?
As an investor, I'm extremely interested in this information
Please let me know ASAP."
The newsgroup forums that you can get to have no new information, though (and you cannot sign up because the "verify the text in the picture" sectin doesn't load a picture!). Here's the newsgroup link:
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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I was tempted to bail today, decided to see where it goes tomorrow.
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haha, i only have a little puter time left. in pitt right now then probably go tailgate at the allstar game soon. i'm on leave right now so i have all the time in the world haha...
