Greystone Logistics Inc. (GLGI)

[Phaedrus77]

I haven't sold. I thought the quarter was pretty good. Sales are up, finished inventory is up, # of employees increased from 90-something to 150. All of this happened before the new molding machine was installed. I'll be interested to see the level of sales in Q4.

There was another related party transaction (buying the wash line facility from Yorktown). I wish GLGI would disclose Yorktown's cost of the equipment...that way we'd know if the deal was at market terms. This could also be the reason for the large increase in the number of employees.

I think it's interesting that a couple years ago GLGI ran up to ~60 cents on the mere expectation of a deal with AB. Now, we have a confirmed deal with a new customer (which is large enough to necessitate the purchase of a new molding machine), and the stock is at 23 cents.