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Website has been updated, sort of.
https://greystonepallets.com/
earnings coming out tomorrow aug 29 at 7am est... i look for good things and i look for the stock to continue to move higher. GLTA
Form 3 filed by Lockard today, so I guess it’s officially official.
The OTC website shows Drew Lockard as a director. It seems odd that there was no public announcement.
New director too?
https://theorg.com/org/greystone-logistics/org-chart/drew-lockard
Not sure how reliable “theorg.com” is, but Drew Lockard wasn’t listed as a director in the last 10-k. There’s been no SEC filing…I’d figure a new director would be worthy of an 8-k, or at least a Form 3.
Greystone is making some changes (IR guy, quarterly cc’s, new CFO, new director). I wonder if they’re going to merge with Trienda (Kruger Family Industries) and try to uplist.
If that’s the case, I hope Kruger treats us fairly in terms of ownership of the combined company. He seems to treat shareholders well (low salary, no egregious stock grants, etc).
Looks like they may have hired a new CFO.
https://www.linkedin.com/in/curtiscrosier
An expired ad for the position:
https://www.ihirefinance.com/jobs/view/395544165
I wonder if Bill Rahhal retired or if the new guy is more of a controller for the plant. It looks like he’s based in Quad Cities and not Tulsa.
not sure what your talking about jimmy.. i said it would be over a dollar per the conference call i was on a couple months ago. now that i was correct it did go over a dollar you calling me out? now im saying this isn't the end it will keep moving forward, why don't you go listen to the last conference call and i also asked a question on the call. i asked about reverse splits and the answer was no reverse splits.
Whatever you think you’re doing isn’t helpful. There was some constructive dialog on this thread. Now you’re just pumping and turning people off from participating in this thread and frankly turning people off from investing money in a stock where this kind of dialog is around.
next stop 1.25 a share...... company knew the stock was going to be on the move in the last conference call.
could very well see a dollar a share this week, ahead of qtr earnings report. at 5 price to earnings it still has a was to run. GLTA
getting closer to a dollar a share still cheap with the price to earnings ratio. should be 1.50 a share. at 10 pe.
just a matter of time before GLGI hits a dollar a share. its a gimmie... GLTA
Greystone is a non-accelerated filer, so it has 90 days to file its 10-k....so it's basically due at the end of August.
https://www.broadridge.com/resource/corporate-issuer/edgar-filing-calendar
True, but that was a quarterly, for which the 10Q deadline is 45 days after quarter end. The deadeline for the annual report filing is 60 days after fiscal year end.
The next report is the 10-k, not 10-Q. It comes out in August.
https://www.sec.gov/edgar/browse/?CIK=1088413&owner=exclude
clic on news then clic on the april 14,2023 10q that is the last quarterly earnings report... so the next one should come out july 14, 2023
this came out april 14.... two weeks later will be the next 10q for qtr earnings....
Quarterly Report (10-q)
April 14 2023 - 05:13PM
Edgar (US Regulatory)
Print
Tweet Share On Facebook
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 28, 2023
? TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________ to ____________
Commission file number 000-26331
GREYSTONE LOGISTICS, INC.
(Exact name of registrant as specified in its charter)
Oklahoma 75-2954680
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
1613 East 15th Street, Tulsa, Oklahoma 74120
(Address of principal executive offices) (Zip Code)
(918) 583-7441
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
NONE GLGI NONE
If you're going to pump it, at least get your facts straight. Earnings won't be released until late August because May 31 was GLGI's fiscal year-end.
you have two weeks to get in before quarterly earnings. should come out about july 14. stock should go
over a dollar a share. company expects better earnings than last year per the last conference call i was on. GLTA
don't miss out on a undervalued GLGI stock price, get in before next quarters earnings. price to earnings is less than 5. average is atleast 10. thus stock should be 1.60 a share at a 10 pe ratio. GLTA
greystone will be a dollar a share very soon. don't miss the boat. per the last earnings call the company is very optimistic on this years earnings. GLTA
company makes 13 cents a share for the last quarter is is only 68 cents a share, greatly undervalued. this company will go higher, no problem, and company says this year is looking bright. im all in. good luck to all.
You make a great point about uplisting. For years I have heard talk about a merge with Trienda
maybe they will merge, that would add a huge amount of revenue and hype could send us over $3. Just the fact they have a CC tells me something big is in the works. JMO
I don’t see how an uplisting makes sense. They’d probably have to do a 1-5 reverse split at a minimum, as there’s no sense uplisting if the share price is a buck.
If they do a 1-5, there’d be < 6 million shares o/s and probably < 3 million shares of float. The only way I see an uplisting happening is if they merge with Trienda first.
If I were him, I’d just keep trying to increase the co’s profits, and good things will eventually happen. Uplisting is a solution to a non-existent problem, imo.
I assume you also saw the conference call transcript. It is nice to finally get info from the company. Q4 sounds like it should be a profitable one.
I don’t see how an uplisting makes sense. They’d probably have to do a 1-5 reverse split at a minimum, as there’s no sense uplisting if the share price is a buck.
If they do a 1-5, there’d be < 6 million shares o/s and probably < 3 million shares of float. The only way I see an uplisting happening is if they merge with Trienda first.
If I were him, I’d just keep trying to increase the co’s profits, and good things will eventually happen. Uplisting is a solution to a non-existent problem, imo.
I assume you also saw the conference call transcript. It is nice to finally get info from the company. Q4 sounds like it should be a profitable one.
Great interview , Thx for posting. Phone is ringing off the hook and they are moving to a higher exchange, Nasdaq?? 20 million mkt cap and soon to be 100 million in revenue..
This has a lot higher to go in my opinion.
Kruger is really trying to get the word out. Interview with him on Planet Microcap.
They hired an investors relation guy. It seems like a weird thing to issue a PR for...especially when they haven't issued an earnings release the last two quarters.
Can’t believe that was a decade ago now.
Looks like he sold 5,956 shares in order to remain under 10% due to GLGI buying back some shares last year.
Topline Capital amends filing w 10% holding https://www.sec.gov/Archives/edgar/data/1088413/000119312523034331/d463136dsc13ga.htm
Kruger says, “hold my beer” and goes in for another 5k shares.
His little purchases always make me chuckle.
I don't know if that was from a buddy of Kruger's or just a privately negotiated transaction.
I'm not sure how familiar you are with the name, but Kruger tried to take it private @ 50 cents about 10 years ago. That was back before the iGPS sales, the Wal-Mart sales, etc. The only major customer back then was MillerCoors.
Kruger also owns another privately held plastic company (Kruger Family Industries...you can google it to find it's website). There's been talk about them eventually merging....there was a Seeking Alpha article about it years ago. I suppose by investing in GLGI that you're inherently assuming Kruger will treat you fairly if/when they are merged (he owns enough GLGI that he should).
Sorry bro...just watching now
I figure if they are buying back stock at $1 lol
You must have hopped in front of my bid @ 44.
I bought some .445, new name for me
No idea whats going on lol
I guess people weren't too impressed with the ERC (or didn't catch it in the footnotes).
It seems odd that unit sales were down 27% for the quarter and yet they are ordering more production machines. I guess we just trust that Warren knows what he's doing.
I wonder if the early payoff of the machine lease with iGPS signals anything about the relationship. I know iGPS was supposedly going to start producing its own pallets, but didn't know when.
It'd be nice to see another order from Wal-Mart.
I bought some more today (famous last words).
Well this quarter was a dud. Only good thing was the comment about the employee retention credit that will be booked in Q3...$3.2 million pre-tax, or about 11 cents/share. That'll at least make the reported P/E look good after next quarter.
This briefly traded below book value today. Not that book value is a good way to value it, but I’ve been following it long enough to remember when it first attained positive book value.
Pretty amazing that Kruger tried to take this private @ 50 cents almost 10 years ago. Sales were $25 million back then and equity was negative $5 million.
Now sales are ~$75 million and equity is $14 million…and the shares hit 52 cents (which I assume was due to forced selling (ie margin call)).
I agree. Nice to see that they expect gross margins to improve throughout the remainder of the year.
Looks like they've burned through almost all of the deferred revenue from the Wal-Mart order from earlier in the year. It'd be nice to see them get another one.
Great quarter!!! JMO
Thanks for your post!
I was waiting for the press release today so I could get more color on the buyback & new lines. What i did get was major expansion news??
I sold enough shares last year to get my money out, I do however think this is going over $2.50 so I'm holding the rest of my shares.
Fwiw, I think this was the highest revenue of any quarter in company history.