The Graystone Company, Inc. (GYST)

[stockable]

Asher's debt has gone away.

The loss is not necessarily a cash loss but is also associated to non-cash transactions such as when Asher converted which generated losses on the balance sheet.

read the cash flow statement to see actual cash loss which show $1.4 million was associated to stock issuance. Thats what I noticed in the 30 seconds reviewing the cash flow statement.