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Good morning GSmith and looking forward to this week's BBRD activity. Agree, it easily could break through the resistance this week and soar to above 0.0200. PR could easily do that. The way forward is for everyone (especially longs) to hold their shares for dare life and don't sell. This would force the asking to go up and correspondingly the PPS to go up. I made a mistake a month ago when I sold my initial shares thinking I would get another chance to buy more at a lower price. Never happened and I had to buy again at a higher price. Investing in Pennies (OTC) is very risky business. I have lost more than $5,000 in stocks/securities that turned out to be laggards, worthless or outright shell frauds. But, I am becoming more savvy and cautious in this business. That being said, I am very optimistic that BBRD will be a trend setter and we see positive growth over time. Based on all the research and roving reviews, BBRD definitely has potential once the merger or acquisition is completed. Have a great day and let's see what transpire today. Blessings to all! STEVEN
Excellent point gsmith. Have a feeling the PR will be early next week. I agree with you that this could be a tsunami waiting to be unleashed. However, mergers, acquisitions and joint ventures often take a lengthy process to complete. There often are unforeseen factors/developments that may require additional time to complete such deals. These could be legal, personnel, market-driven factors or even political like what is happening in Israel right now. We have to have a steady hand and just don't get distracted with all the emotional and psychological noises that BBRD is attracting. I believe there are individuals and other forces at play trying to alter the momentum of BBRD, but this is a stock that will set off fire works once the merger/acquisition is consolidated. Let not your hearts be troubled, my friends, there is truly a pot of gold at the end of this BBRD rainbow. Blessings to all and have a wonderful weekend. STEVEN
Great! Picked up another 100K at .0153 an hour ago. This is heading to the cosmos. Just ignore the bashers and naysayers trying to deflate BBRD. Keep the post positive and wait for the inevitable run. Blessings to all. STEVEN
Good morning all. A thought for the day: some folks are paid to be bashers while others may be kicking themselves for not getting in before. Bashing the the stock now or selling off before the big bang could be one tactic to some how reduce the confidence in BRBD and drive the price down so they can get in. Folks keep the faith, hold on, and wait for the big run. This has the potential to be a gold mine if it is handled properly. Remember the race is not for the swift, but great reward awaits those who will endure to the end. Have a blessed day all. STEVEN
I just spoke to a customer service rep at etrade, who confirmed that the bid for PTOG is 1 penny and the ask is a penny and a half. Based on my discussion and analysis, I agree with everyone that the gray market is not reliable and it's possible PTOG will hit sub-penny levels in a matter of days. Support for this stock is very thin.
I know. I guess you win some and you lose some.
Good point, but I always thought this company had potential. I was tempted to sell the day before the SEC suspension, but I opted to wait 24 hours, and what a mistake it was. I originally got in at less than a penny, so I am losing about $300.00
Can somebody tell me why the stock price is falling so fast? I thought it wold have held its own for a week or so, but it is heading to no bid. I tried to sell my 18,000 shares for 2 pennies, but no body id interested I am seeing this as very bad investment.
U.S. Virgin Islands
Thanks for this info. Very interesting.
Reckless remarks about the SEC and their policies or modus oparani could have unintended consequences. The SEC has not offered any reasons for the alleged shutdown of the OTC market. An ETRADE official said it was an apparent unannounced shutdown.
As predicted, GYST has fallen to 0.0041. It could soon drop to no bid levels.[color=red][/color]
As you can see GYST is a real scam. They lined their pockets with millions of shares to help themselves. With millions of shares in their portfolio, they still make money even if the share price drops to 0.0005. They play the volume game and cheat their real stockholders.
Yes indeed, GYST is a skunk in a flowerbed, just trying to mask its noxious and toxic carcinogens. Run from GYST my friends, or you will be left holding an empty bag full of skunk waste.
What a scam! Whoever thinks this garbage is going to ever make money in the future have to be kidding. It's not just diluting, it is outright fraud on investors. After the CEO's dump millions of shares, I expect another RS in three months.
Have you not read the post above that has been on this website homepage for more than 2 months? Some one already has reported GYST to the SEC. GYST is trash. A good penny stock to invest in is OCFN. It has gone up more than 500 percent in the past three or four days.
It's quite laughable how after the recent RS, they had an "IPO" of .50 and in the space of a couple of weeks it has fallen to less than 2 penny. If this is not a scam and a farce, then somebody tell be what it is. May be their paid employee on this site can explain. Remember folks, the road to hell is paved with fool's gold or shall I say pyrite, and sad to say a lot of people are falling for it. GYSTD is banking on catching a lot of investors when the share price falls some more to "sub-penny". They are up to their old tricks again. They are getting their PR machinery oiled for another blitz.
It's quite laughable how after the recent RS, they had an "IPO" of .50 and in the space of a couple of weeks it has fallen to less than 2 penny. If this is not a scam and a farce, then somebody tell be what it is. May be their paid employee on this site can explain. Remember folks, the road to hall is paved with fool's gold or shall I say pyrite, and sad to say a lot of people are falling for it. GYSTD is banking on catching a lot of investors when the share price falls some more to "sub-penny". They are up to their old tricks again. They are getting their PR machinery oiled for another blitz.
I can assure you the SEC is aware of what is going on. I cannot go into details due to confidentiality issues, vis-à-vis, the SEC policies. For those still wondering if justice will ever be served, I am herewith attaching the first part of the SEC's response to a complaint that was recently filed by an investor. Also, a letter will soon be mass-circulated in Suriname's media alerting residents and the government of that South American country of the pitfalls/risks of engaging in business, including joint ventures with this company. I will soon post a copy of this letter that will be sent directly to the ministry of mining and the president's office. Here's part of the SEC's response:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
We appreciate your informing us of your concerns regarding the Graystone Co. The Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review.
Good analysis, as usual, and excellent observations. GYST executives are hoping to dupe thousands of naïve investors again. But, this time it will not happen. Everyone who got burned is more savvy and more aware of these rogues, brigands and miscreants. Granted, investment in securities is risky business, and one expects to lose money if a company with potential makes a genuine effort to build capacity and build shareholders value, and they fail due to market issues etc. GYST is not in this category. They clearly manipulated their share prices and then did nothing for almost four months to stabilize and restore our investments. They literally threw us under the bus. Folks thought that they would have tried to stop the slide, but they manipulated the implosion by helping themselves through phony, suspicious and underneath conversions and pseudo accounting procedures. I can assure you that the SEC is actively investigating any and all wrongdoings on the part of GYSY and their executives. They may end up being delisted, and be required to pay hefty penalties and fines and perhaps looking at fraud and embezzlement charges. Time will tell. The governments of Suriname and Peru should take the lead and seize their properties for any breech of contract.
You are right.They were intentionally selling shares and pumping up the price while knowing that their nominal gold production had been declining/decreasing at at a diminishing rate. That ws misleading advertising and appears to boarder on criminal intent.
The following is part of an SEC complaint, filed by a GYST shareholder, requesting an investigation on possible insider trading violations, manipulation of share (security) prices and possible fraudulent investment scheme effectuated on investors by the Graystone Company Inc (GYST). The company used fraudulent advertising and misleading press releases (PR) to con investors into buying its securities for almost a year, up until May, 2013, the company executives fraudulently pumped up the price of its securities to entice and commit fraud on investors. Please review the following samples of their fraudulent advertising and press releases:
GYST News: Graystone Company Announces Company Expansion Of Suriname Operations
06/17/2013 09:00:00 AM
GYST News: Graystone Company Announces Corporate Update
06/05/2013 09:25:00 AM
GYST News: Graystone Company Announces Suriname Venture Has Processed 200 Tons of Material
05/21/2013 09:00:00 AM
GYST News: Graystone Company Announces It Is On Track To Double Production in Peru
05/20/2013 09:00:00 AM
GYST News: Graystone Company Announces Suriname Update
On their website, they continue to market their shares by posting false and misleading information. For example, they continue to say that as of January 2013, the company has “according to the S1 filing, the current outstanding share count is 381,221,678.
As of August 28, the current outstanding share count is 2.1 billion.
Additionally, the company executives engaged in insider trading practices by selling large amounts of shares just prior to significant decreases in share prices. The company engages in such fraudulent activities by selling off/converting/cancelling loans to associates by exchanging large amounts (blocks) of shares for loans outstanding. On August 27, the company announced that the wife of Paul Howarth, the company’s CEO, had acquired ownership of a large block of securities. The company filed a statement of beneficial change of ownership by allegedly transferring large blocks of shares to Paul Howarth’s wife. The company is asserting that Howarth’s wife is a managing partner in Renard Properties, a company that allegedly loaned GYST a large amount of money. This action appears to be manipulative and highly suspicious.
Explanation of Responses:
( 1) These shares are owned by Renard Properties, LLC. Mr. Howarth does not own or manage any part of Renard Properties, LLC. This statement is fraudulent. In their most recent quarterly financial report in early August, the company asserts the exact opposite. “During the Six Months ended June 30, 2013, $93,750 was recorded to related party payables from amounts paid on behalf of the Company by Renard Properties, for accrued salaries and consulting fees. $79,568 was repaid against these payables resulting in an ending balance of $79,628. Paul Howarth, our CEO, is the managing member of Renard Properties.”
In the statement of change of ownership for securities, Howarth misleading says that he is not part of the ownership of Renard Properties. However, Mr. Howarth's wife is the managing partner of Renard Properties, LLC and thereby pursuant to Rule 13-d3 Mr. Howarth is deemed to be a beneficial owner of Renard Properties and based on application of Rule 13-d3 needs to report the transactions and holdings involving Renard under his name even though he does not own or manage Renard or have any power to do business in Renard's name.
( 2) These shares are owned by Mr. Howarth's wife. Mr. Howarth does not own or have any power to dispose of these shares. However, pursuant to Rule 13-d3 Mr. Howarth is deemed to be a beneficial owner of this shares and as such needs to report these shares based on application of Rule 13-d3,under his name even though he does not own or have the right to dispose of these shares.
Also, to circumvent SEC regulations, the company filed a statement of beneficial change of ownership on the same day, asserting that large amounts of shares were owned by family members and other associates of Joseph Mazey, the company’s CFO. Joseph Mazey is also identified in company documents as Joseph Wade. This perhaps is to mislead the SEC. These shares allegedly were owned by Mazey, and ownership subsequently transferred.
Explanation of Responses:
( 1) These shares are owned by officers Company in which he owns 100% of and has the sole power to vote and dispose of this (sic) shares.
( 2) These shares are owed by officers family and through Rule 13-d3 officer has decided to disclose this shares as they could be determined to be beneficially owned by officer through the application of Rule 13-d3
In early August, 2013, GYST filed its most recent quarterly report in which it was revealed that the company engages in highly suspicious accounting practices to hide or conceal insider trading and fraud.
The following statements by GYST on Related Party Transaction appear to indicate intent to defraud investors by accepting loans from associates and cancelling same for large blocks of securities, which resulted in the deflation of the value of the securities.
On March 8, 2013, the Company issued 31,500,000 of our Class A Common Stock to Renard Properties for services rendered. The price per shares $.003 for $94,500 in bonus payment for achieving pre-determined mining goals. Paul Howarth, our CEO, is the managing member of Renard Properties.
On March 8, 2013, the Company issued 31,500,000 of our Class A Common Stock to Joseph Wade for services rendered. The price per shares $.003 for $94,500 in bonus payment for achieving pre-determined mining goals.
On March 18, 2013, the Company issued 5,000,000 of our Class A Common Stock to Joseph Wade for services rendered. The price per shares $.0028 for $14,000 in bonus payment for achieving pre-determined mining goals.
On March 18, 2013, the Company issued 5,000,000 of our Class A Common Stock to Paul Howarth for services rendered. The price per shares $.0028 for $14,000 in bonus payment for achieving pre-determined mining goals.
On June 19, 2013, the Company issued 187,500,000of our Class A Common Stock to Paul Howarth for $45,000 in debt. The price per share was $.0008. The shares are restricted for 24 months from the issuance. A loss of $105,000 was recorded on the issuance.
On June 19, 2013, the Company issued 187,500,000of our Class A Common Stock to Joseph Wade for $45,000 in debt. The price per share was $.0008. The shares are restricted for 24 months from the issuance. A loss of $105,000 was recorded on the issuance.
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Table of Contents
During the Six Months ended June 30, 2013, $93,750 was recorded to related party payables from amounts paid on behalf of the Company by Renard Properties, for accrued salaries and consulting fees. $79,568 was repaid against these payables resulting in an ending balance of $79,628. Paul Howarth, our CEO, is the managing member of Renard Properties.
During the Six Months ended June 30, 2013, $93,750 was recorded to related party payables from amounts paid on behalf of the Company by JW Group, for accrued salaries and consulting fees. $55,000 was repaid against these payables resulting in an ending balance of $41,271. Joseph Wade, our CFO, is the President of JW Group
During the Six Months ended June 30, 2013, the Company borrowed $67,880 in cash from Renard Properties and repaid $31,606 in cash leaving a balance of $112,950 owed to Renard Properties. Paul Howarth, our CEO, is the managing member of Renard Properties. These loans bear no interest and are due in December 2013.
During the Six Months ended June 30, 2013, the Company borrowed $45,319 in cash from JW Group and repaid $47,963 in cash leaving a balance of $3,589 owed to JW Group. Joseph Wade, our CFO, is the President of JW Group. These loans bear no interest and are due in December 2013.
The following is a summary of the narrative of a complaint that was recently filed with the SEC alleging wrongdoing and violations of SEC securities and trading regulations. The complainant supplied a summary of the actual complaint that was filed. Others can submit their own complaint at the following web address: https://denebleo.sec.gov/TCRExternal/index.xhtml
Complaint, requesting an investigation on possible insider trading violations, alleged manipulation of share (security) prices and possible fraudulent investment scheme effectuated on investors by the Graystone Company Inc (GYST). The company allegedly used fraudulent advertising and misleading press releases (PR) to con investors into buying its securities for almost a year, up until May, 2013, the company executives allegedly fraudulently pumped up the price of its securities to entice and commit fraud on investors. Please review the following samples of their alleged fraudulent advertising and press releases: The rest of the complaint has been withheld to protect investors' interests.
Who knows, may be you are right. The SEC, probably has them on their radar. Looking at the latest market info., volume is incredibly high. Almost a quarter of all the outstanding shares were traded today. Folks are dumping the shares and perhaps GYSY management or their proxies are buying them up for .0001. Then down the road, GYSY will try to pump the price up a bit to perhaps sell at a premium to recoup some of the almost half a million dollars they have invested in Suriname and Peru. Now is not a good time to sell, definitely not. If anything, now is a good time to average down. What do you think.
Then, again, these guys are good at what they do. Notice that there is always a disclaimer at the bottom of their press releases, or PR blitz.
True, but perhaps some legal minds can find a way to hold them accountable.
Absolutely. The share price has just hit .0001 again. Not looking good.
Not too long a go, a famous media/TV personality served jail time for doing the same thing. She sold her shares in a company just before the price dropped. She was convicted of insider trading or fraud. I believe the management of GYST may be guilty of the same fraudulent actions.
The SEC should look into this. This is not a start-up company that made genuine mistakes that can be over looked. GYST is/was well-established and should have known better. I believe they had fraudulent intentions all along. But, then again many publicly traded companies are just in the business of making fast money. They are not concerned with growing a company for the right reasons.
You are right about that
Like I said yesterday, the company's management has something up their sleeve, and their sinister scheme is becoming transparent. I believe they are bent on driving down the value of the share to no bid levels. Thereafter, they will execute a stock split and reduce the 1.8 billion outstanding shares to a couple of million shares. Later, they probably will float several more million shares and gobble them up for themselves while pumping up the share price by a slick PR blitz. Bottom lime, all the present investors/shareholders are not part of their equation. They have thrown all of us under the bus, so to speak. The governments of Suriname and Peru should take legal action against them for breach of contract, if they can prove it. Or, just seize their equipment there. Their collective action perhaps boarders on fraud. Imagine GYST that once traded at over $100.00 hit .0001 today. Their greed and nefarious actions will eventually do them in. You could count on that.
Well, that's what we thought would happen -- a reverse split. Earlier in the year, the company was putting out PR/updates every week. I suspected it was an attempt for the big stock holders, those tarnished by inside trading, to pump and dump GYST shares. They now have deflated the value of GYST to next to nothing, so the next best option to satisfy their insatiable greed is to split 1,000 for 1. The SEC most likely is keeping a close eye on these guys. Another thing, is that when they were involved in selling gold, the stock did better for a while. But, I guess for some reason, they got out of that. I have seen gold mining operations in south America, and there is gold there. The problem, is that GYST management believe they can nickel and dime their way to fortune by embarking on a low-level, low-capitalization effort in Surinam and Peru. It's all laughable. They misled many new and naïve investors, including me. What a shame!
seems like management has something up their sleeve. Either another reverse split or going out of business. They are a real let down. I always thought GYST had potential, but I was proven wrong. May be they will go bankrupt and reorganize under a new name and cheat thousands of people again. It's almost too true to believe.
Anybody has any idea why GYST has not put out any PR/updates for almost 2 months?