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Has the CEO reported anything about his recent visit to Peru since his return, as management said he would other than the pr about the initial mining of aprox. 6.3 oz.? I recall them saying he returned before Thanksgiving and was going to give his report this week.
Can anyone explain why asher would not allow the pps to run up higher before attempting to sell shares he already owns? Would it not benifit him to get a higher price for the shares they are unloading? May be an ignorant question, but just does not seem logical to me.
I would LOVE it!!!
Agreed. Those are a few of the varibles I'm referring to. hopefully they will end soon.
I totally agree. I'm just trying to justify the pps with all the positive things happening at this time.
All the great news and predictions of rising gold prices fantastic if you own "real" gold. Just too many other variables here to relate it to this stocks short term pps. I own a large position and hoped it would have broken out by now. Patience wearing thin!!!
Some of Asher's recent conversions and sales of those converted shares:
(a)
Asher Enterprises has completed the conversion of its noted dated February 28, 2012. As a result, the next note available for conversion is not until approximately 10/29/2012. Asher will be able to convert the noted dated April 26, 2012 note on approximately 10/29/2012. Asher has completed to date the conversion of 3 notes: the notes dated November 29, 2011, the noted dated January 10, 2012, and the note dated February 28 2012.
(b)
On September 13, 2012, the Company issued 3,826,087 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $7,500 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500. This draw completed the conversions allowed under the note dated February 28, 2012.
c)
On September 12, 2012, the Company issued 6,521,739 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $15,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
(d)
On September 11, 2012, the Company issued 4,347,826 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $10,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
It's not bs... Some of Asher's recent conversions and sales of those converted shares:
(a)
Asher Enterprises has completed the conversion of its noted dated February 28, 2012. As a result, the next note available for conversion is not until approximately 10/29/2012. Asher will be able to convert the noted dated April 26, 2012 note on approximately 10/29/2012. Asher has completed to date the conversion of 3 notes: the notes dated November 29, 2011, the noted dated January 10, 2012, and the note dated February 28 2012.
(b)
On September 13, 2012, the Company issued 3,826,087 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $7,500 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500. This draw completed the conversions allowed under the note dated February 28, 2012.
c)
On September 12, 2012, the Company issued 6,521,739 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $15,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
(d)
On September 11, 2012, the Company issued 4,347,826 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $10,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
I'm not. You may be able to sell and buy in at a lower pps but IMHO not worth taking the chance for a few $ and then chasing to get back in!
They have had simular financial agreements with Asher in the past, after they sell their converted shares the pps goes up.
Anyone think Asher's involvement might have something to do with the pps at this time? I think we see the "true" pps once they are done converting/selling their shares and are not part of the equation.
According to the filings they can start converting Monday.
It is known as trading. Sell for more than you paid, take profit and re-buy the same play at a lower pps Rinse and repeat.
Will the person with the 1.5 mil ask please break it up!
The only thing keeping the pps of this stock lower than it should be at this time (charts and great news) is Asher. Can't wait till he's out of the picture. Only then will we realize the next sustained run.
Not really sure either but it's the reason I don't pay much attention to other saying "the ask is really thin". Never know the real number but all in all, a good Friday both in pps and volume!
I agree...terrible sec rule that only reqires mm's to show 5k no matter what the real number is.
Have you given up on one of your last picks..GYST? Have not seen anything about it since the first day. Any updates or opinions?
Please don't take it wrong. Not trying to be negative, just my thoughts on why the slide at this time...Holding a large position and I along with everyone else want to see a higher pps. Don't want to get discouraged...trying to justify the current trading.
The next leg up won't be until asher is done. History repeating. He gets to lock in his conversion price = to the 3 lowest closing day prices in the next 10 days. It will go back up after he obtains his shares (after 10.29) and sells them! It's unfortunate that this company or any other pinks for that matter, have very few options to raise capital other than financial dealing with the likes of them. Hold tight it's going to be awhile!
I feel the same way as I hold a large position and feel that it will be quite lucrative in the future...but for now it seems sad but true!
The lower the pps at the time of conversion the more shares asher would get, hence a lower pps is benificial as he would be able to aquire more shares to sell at a higher price in the future!!!
Hope you are right but imho I don't think we see another big move upward until after Asher's shares are converted at a pps benificial to him (3 lowest eod closing prices 10 days prior to next conversion date, 10.29.2012). hoping I'm wrong!! Next couple weeks will tell.
Long term I see the pps much higher but until asher has all his shares locked in at the lowest possible pps ?????????.
how can you tell? MM's only have to show 5000. Do we really know what the "true" ask numbers are?
End of day
I believe he can convert at the 3 lowest eod closing pps 10 days prior to the conversion date (10.29.201).
Thanks!!
Thought the next time they were legally able to convet was 10.29.2012.
What date are they able to start converting?
When would it be advantageous for them for the pps to be the lowest...(lowest 3 closing prices 10 days prior to conversion date)?
Gorilla=988 acres...
Total portfolio of mining properties=4695 acres
Market opens @ 9:30. At the time of your post (4:00 am )how do you know what the volume will be today? Can you tell me what the pps will be? lol... hoping your wrong, we need volume...something, anything!!!
Hate holding long or "investing" in penny stocks but with the sp being manipulated as it has been for reasons well known, unfortunately this has turned into just that. Don't want to sell untill the next run (will be a profitable one imo) but was really hoping it would be before the next time asher is allowed to convert. Do you think there is any chance of a pop before mid November? They say patience is a virtue but this is getting real old!!!
Being that the news at the SH's meeting is available only to those attending, anyone know how and when it would be available to the public? When could we expect the pps to reflect the news (other than speculative)?
BS....you are the same person that claimed you made 40k on 08.03.12, when there was only 7-8k traded that day!!!! Are you sure your not mistaken???
Penny stocks do not trade "after hours".
My bad . It just sounded as if you were bashing as many others do here. My apologies.
you stated in your last post here on 9/11 that you owned a mill shares and were long.
I now own 1,000,000 Shares and plan on accumulating more every shake.
I have stated weeks ago I am long and this is one stock I will not be afraid of holding. Graystone is upfront with their business and has been very transparent for a Penny Stock.
Talking directly to them I have been told they are also in it for the long run. The capital needed to fund their projects is being exchanged for shares, this has been shown throuh their filings. The shake downs you see are the investors selling and diluting. If you wait it out this company will strike gold and we will all be handsomely rewarded.
For the person who sold at an 11K loss, buy back in and even out. There will continue to be ups and downs, especially with day traders in the water.
GYST is going to go into Dollar Land on news of Oil or Gold.
Best of luck to everyone in their investments.
8 days is not long!!!
<a href='http://usas2.advfn.com/c.php?s=20&w=600&h=19&t=_blank' target='_blank'> <img src='http://usas2.advfn.com/i.php?s=20&w=600&h=19&t=_blank' width="600" alt="" height="19" border="0" /></a>
The Graystone Company, Inc. (GYST) Stock Trading Info:
<a href="http://usas1.advfn.com/oasis/oasisc.php?s=665&w=564&h=110&t=_blank" target="_blank"> <img src="http://usas1.advfn.com/oasis/oasisi.php?s=665&w=564&h=110&t=_blank" width="564" height="110" border="0" alt="" /></a>
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Just an alias as I'm sure yours is. Try to refrain from personal attacks, unless it's all you can think of to say Good luck to you going forward as I will not reply to such nonsense in the future!
nothing personal...just keepin it real. Best of luck to you in the future!
not trying to trash talk...but have been making serious bank since early Aug. with this stock! bought @ 0.0028, sold @0.31, re-bought @ 0.0036 and will sell when the charts i don't know how to read give me an indication to do so. so iyho i guess i am a dumb a$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!!!!!
Maybe you should practice what you preach! A quote from your re. post 11216 on 9/5:
Mark my words In 15 days this stock is going to be at .02 - .03 .. Don't panic and have patience guys .. If u don't believe me then check out its 6 months charts .. It's how the market moves .. Just play wisely this market has been designed so that people lose money.. If u wanna make money over here then do the opposite of what the majority is doing .. Iam also long in GYST at .0075 and iam still holding it.. GLTA
Can't understand someone selling 2300 shares @ 0.004 ($9.20)unless it's a mm's partial? Seems the commission to make that trade/sell would cost more than the proceeds of the sale???