It seems an eternity ago that LitFiber announced plans to be the next Skype. At the time, I thought it was a stock market play. Fast forward to November 19th, when LitFiber announced the acquisition of Grifco International, “a provider of oil and gas services equipment to the worldwide oil and gas industry”. As part of the deal, LitFiber CEO John Jarvis steps down, and Grifco CEO Jim Dial steps in.
Looks like LitFiber is dead, and the shell has been used to make a public offering for an oil and gas company.