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Look at the filing history. Never made .01

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surfkast Member Level  Saturday, 07/22/17 02:58:50 PM
Re: super power post# 46419
Post # of 46463 
Look at the filing history. Never made .01 since inception.
They just reissued the same old news and awesome new "investors" take the bait!

No updates on the MJ delivery or the mining!


They did three reverse splits and issued tons of toxic notes since inception!

Capital Change=shs decreased by 1 for 400 split Ex-date=05/14/2012.
Capital Change=shs decreased by 1 for 5000 split Ex-date=09/16/2013.
Capital Change=shs decreased by 1 for 950 split. Ex-date=11/04/2014.

2012 10K Filing


ITEM 1. BUSINESS

Corporate Background and Our Business

The Graystone Company, Inc. (“Graystone”, “we”, “us”, “our”, the "Company" or the "Registrant") was originally incorporated in the State of New York on May 27, 2010 under the name of Argentum Capital, Inc. Graystone was reincorporated in Delaware on January 10, 2011 and we subsequently changed our name to The Graystone Company, Inc on January 14, 2011. Graystone is domiciled in the state of Delaware, and its corporate headquarters are located in Lima, Peru and maintains it US executive office in Las Vegas, Nevada for mailing purposes. The Company selected December 31 as its fiscal year end.

The Graystone Company, Inc. is a holding company whose primary operating activities involve acquiring and developing mining properties amenable to low cost production. Information about the Company, including a link to our most recent financial reports filed with the Securities and Exchange Commission (“SEC”), can be viewed on our website at www.graystone1.com .

The Company began its mining operations in January 2011. The Company operates its mining operations through the Company’s wholly owned subsidiary Graystone Mining, Inc., a Nevada Company. The Company’s mining operations focus primarily in Peru. In December 2012, the Company entered into an LOI for a joint venture to expand its mining operations to Suriname. The terms of the joint venture are in the process of being finalized.

Graystone’s mining operations focuses primarily on acquiring properties that require a lower capital investment to begin mining operations. This approach may reduce the size of the deposits that the Company can acquire. However, by generating revenue from smaller mining ventures, the Company can build a solid foundation and the needed infrastructure to undertake larger and more costly ventures, such as hard rock projects. Thereby the Company is focusing initially on alluvial mining (surface mining) projects, the Company can begin generating a positive cash flow for a smaller capital investment. As such, the Company does not engage in general exploration activities. Exploration involves the prospecting, sampling, mapping, drilling and other work involved in searching for ore on properties. Exploration is time consuming and costly as it requires an evaluation of the land's geology, analyst of the geochemistry of soil sediment and water, and drilling of numerous test holes and testing these for the presence of minerals. The Company instead focuses on acquiring or entering into joint ventures with entities that have already found, through exploration, proven or probable mineral ore reserves. This allows the Company to focus its attention on processing mineral resources instead of having to also have exploration activities to locate new sites that may have mineral ore deposits.

The Company currently owns 2,300 hectares. One hectares equals 2.47 acres. The Company anticipates that its cost of acquiring properties with proven or probable reserves will cost between 20% and 25% of the total amount that is extracted from these properties. Additionally, the acquisition cost of the machinery needed to perform the extraction is expected to be between $250,000 and $500,000. The staffing costs related to the extraction of the mineral ore will be between 25% and 30% of the total amount that is extracted from these sites. Thereby, the Company anticipates the cost of property and equipment acquisition and the labor and mining operations related to extracting gold on its properties to be approximately 55% of the gross value of the gold extracted from its properties. The company currently has approximately twenty (20) employees in Peru.

During 2011, the Company acquired Grupo Mineral Inca S.A.C., a Peruvian Company (“GMI”). GMI is a wholly owned subsidiary of the Company. GMI provides the Company a local Peruvian entity. Acting through GMI, the Company can acquire concessions in its own name and directly hire employees and staff in Peru instead of using third parties for these purposes. The Company coordinates all of its activities in Peru through GMI.


Net loss $(3,792,117)



https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9225300



2016 "10K" Filing

The Graystone Company, Inc. is a holding company whose primary operating activities involve acquiring and developing mining
properties amenable to low cost production. In January 2011, the Company began its mining operations in Peru. In December
2012, the Company entered into an LOI for a joint venture to expand its mining operations to Suriname. The Company operates
its mining operations through the Company’s wholly owned subsidiary Graystone Mining, Inc., a Nevada Company. The
Company’s mining operations focus primarily in Peru and Suriname. The Company’s operations in Peru are conducted through
Grupo Mineral Inca S.A.C., a wholly owned subsidiary of the Company. The Company’s operations in Suriname are conducted
through Arara Mining. Graystone owns 40% of the joint venture in Suriname, Arara Mining owns 50% and Renard Properties,
LLC owns the remaining 10% of the joint venture in Suruname.
Graystone’s mining operations focuses primarily on acquiring properties that require a lower capital investment to begin mining
operations. This approach may reduce the size of the deposits that the Company can acquire. However, by generating revenue
from smaller mining ventures, the Company can build a solid foundation and the needed infrastructure to undertake larger and
more costly ventures, such as hard rock projects. Thereby the Company is focusing initially on alluvial mining (surface mining)
projects, the Company can begin generating a positive cash flow for a smaller capital investment. As such, the Company does not
engage in general exploration activities. Exploration involves the prospecting, sampling, mapping, drilling and other work
involved in searching for ore on properties. Exploration is time consuming and costly as it requires an evaluation of the land's
geology, analyst of the geochemistry of soil sediment and water, and drilling of numerous test holes and testing these for the
presence of minerals. The Company instead focuses on acquiring or entering into joint ventures with entities that have already
found, through exploration, proven or probable mineral ore reserves. This allows the Company to focus its attention on
processing mineral resources instead of having to also have exploration activities to locate new sites that may have mineral ore
deposits.


Net loss ($143,568)


https://www.otcmarkets.com/financialReportViewer?symbol=GYST&id=167347







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