The Graystone Company, Inc. (GYST)

[MadeIt]

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I’ll take your post to be asking: why we used Asher for financing? Please note this is all public knowledge: We took Graystone public in January 2011. We received our ticker in August 2011. It can cost up to $200,000 to take a company public. The officers funded (with friends and family) the necessary expenses to become a public company. The company acquired its initial mining claim (“Gorilla”) for $44,000 in May 2011, which again the officers funded. The Company conducted extensive exploration on the property and surrounding areas and spent in excess of $220,000, which again was funded by the officers. The company ran a mining crew and conduct bulk sampling for nearly 30 days which again the officers funded. The company has built mining camps, bought equipment, purchased boats to transport people back and forth from the mining sites all of which was financed by the company’s officers. In December 2011, we received our first promissory note from Asher. Asher was the only company we could find that would finance the Company without requiring free trading shares immediately. As a result, they took the investment risk that in 6 months we would still be a reporting company, have a stock that they could sell and still be in business. Their financing allowed us to grow the company much faster than we could otherwise and alleviated the pressure of the sole financing coming from the officers (if we could not raise money from 3rd parties than it would make no sense to be public if the officers had to keep using personal funds). If we did not have access to the nearly $200,000 from Asher (of which nearly $110,000 has been paid back) than we would be 18-24 months behind where we are today. It is easy to be looking from the outside in and not writing large checks to criticize the use of Asher. But when we made the decision to receive financing from Asher we looked at how it would benefit the company over the next 3-5 years not how it would affect the stock price on any given day. In fact, we hardly follow the stock price on a daily basis – we focus our time and energy on growing the company as quickly and efficiently as we can especially since we still are using personal funds. We hope in the future that we have other financing sources available to us but until then, and even then, we will ask ourselves the same question we always have: does this benefit the overall company over the next 3-5 years.



I agree that Asher may have killed some companies but I also question how many of those companies were actually real companies – my personal opinion would be few if any. But instead of talking about what I think here is what I know: the stock price was $.0025 on August 1, 2012 and on October 1, 2012 it was at $.0076 up nearly 300%. The Company is ahead of schedule for its goals regarding its mining operations and is looking forward to announcing news on October 8th, 2012. We have spent nearly 2 years of hard work and a lot of personal sacrifice (monetarily and traveling through the jungle of Peru) to get to where we are today. We want everyone to make money but we look at long term growth and not the daily percentage change in the stock. We cannot control the stock, so we focus on what we can control and that is getting our mining operations going as quickly as we can while still building a solid foundation for the next 30+ years. I hope this provides you with the information you were looking for.