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Asher only has $2020 left to convert then they are done!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9785689
RS are parts of public companies. We will see in a month what happens.
We will see what happens in a month. If they are not halted that means dtc, sec, finra have ZERO issues with GYST.
I believe any holder of GYST over 10% is restricted in their selling to 1% of the OS per quarter. Even at a fully diluted share structure that is only 3m shares a quarter. It would take 10 years to sell 120m shares.
I'd much rather use Renard Properties as a lender than Asher. Shares were issued to them because they are owed large amounts of money by GYST.
The Company entered into an agreement with Renard Properties, LLC whereby Renard agreed to loan to the Company funds necessary to continue the company’s operations in Suriname. The Company agreed to repay the loan on December 31, 2018. The Company may prepay the loan prior to December 31, 2018 by paying a prepayment penalty equal to 100%. As part of the loan, Renard is entitled to any profits that are generated from the Suriname operations until the loan reaches maturity or is prepaid by the Company. The Company has borrowed $25,000 to date under this agreement and expects to borrow an additional $26,000 in the next 2-3 weeks. Additionally, Renard received a 10% interest in the joint venture in the company’s mining operations in Suriname as described in 8.01(b) below. The Company entered into this loan agreement with Renard because of the decision to stop using Asher as a funding source; which has limited the Company’s current cash position. Additionally, prior to this debt being prepaid by the Company, the Company first must repay the loans stated in Item 8.01(a).
The ability to make money by trading GYST is definitely there. Buy when Asher dumps, and sell when company does IR.
GYST is a fully reporting company that is in compliance with the SEC.
IMO GYST management have brought in a revenue source (Peru) although it's costing us money, it will soon be profitable once it's in full production. We as shareholders own 100% of the Peru operations vs the 50% of the Suriname operations.
The Company has entered into 2 new prospecting contracts in Suriname. One is for 200 hectares ("Suriname 2") and the second one if for 2,400 hectares ("Suriname 3"). The Company is prospecting these properties with its joint venture partner and local operator. The Suriname operations are conducted as a joint venture whereby Graystone owns 40% of the joint venture. The joint venture is currently prospecting on the two properties and will enter into long term leases with the property owners if the results of the prospecting are favorable. The terms of these leases typically range from 10%-15% of the gold produced. Each property is owned by a separate company but are adjacent to each other. Pursuant to the prospecting contracts, the joint venture has 6 months of exploration rights with the ability to extend those rights by an additional 6 months. The Company expects that the joint venture will require the entire 12 months to finish its exploration activities. The joint venture also has the first right of refusal on Suriname #2 and has first right to identify 200 hectares on Suriname #3.
The joint venture is currently testing the properties in a grid pattern to identify high concentrations of gold rich material. After completing basic roads and camp a few weeks ago, the joint venture has commenced digging and bagging of samples to be sent to a lab for testing. These test areas are identified by GPS coordinates, bagged and sent to a lab in Suriname. The first batch of samples was sent to the lab this week. It takes approximately three to four weeks to process each sample at a cost of $200.00 usd per sample.
I agree. It needs some liquidity.
I bought some .006's Friday
I've been picking up shares again. Once Asher is out of the way this will really fly IMHO
More buys than sells today
Big BLUUD news out! http://ih.advfn.com/p.php?pid=nmona&article=59506968&symbol=BLUUD
BLUUD
I agree. I just hope I can get in cheap.
Me too. I think it should run fairly high in the morning.
Thanks! I am going to try to buy some shares in the morning!
Wow tons of buzz tonight on BLUUD board!!!!!!
Whomever bought at .019 is already up 50% on their investment. Nice buys!!!
More nonsense. Watch and see. People will be making money next week here when it goes from .02-.05.
I think I'm buying some shares next week. I'll have some extra money to invest.
Peru is producing more gold than some of these sham mining companies on the OTC
Authorized share count is 300m now. It looks like they are trying a new approach.
The Company’s mining operations in Peru have generated approximately 240-260 grams per month for the months of June, July, and August. The Company has generated approximately 160 grams through the first 20 days of mining in September. The Company has doubled its production since April 2013 when it produced approximately 130 grams. The Company’s operating expenses in Peru exceed the gold produced by approximately $7,500 - $15,000 per month. The Company expects to continue to lose $7,500 - $15,000 in Peru until it can expand its operations. The company needs to acquire an excavator and additional heavy machinery to remove the layers of clay located on its mining properties before the Company expects to see any significant increase in its mining production in Peru.
Sweet. Yeah it sucks some people lost money but don't forget a lot of people remember what they made here too. Let's make some money!!
Welcome back. GYST has made us a lot of money in the past. Time for another run?
I'm ready to start trading GYST again. It just needs some liquidity and news. Lots of investors made a lot of money after the last reverse because they knew how to trade it.
GYST is a fully reporting company that is trying to create shareholder value by growing the business. We have actual mining properties with actual gold.
Management has been upfront with their shareholders along the way. They released in the first quarterly report they were going to do a reverse split. Some people lost money but I dont hear anyone complaining when they were making 5-10x their investments back when it ran from .002-.03. It's part of the game, some got caught here. I plan on buying shares again and flipping them once they do IR. Lots of people made money in the past doing it and will continue to make money.
Finally got it to work
Is Finra gonna approve the RS?
Not very often. It will run
If everyone buys at the ask we will be golden IMO
Interesting, call him lol
Are you buying at open?
I have too. I kind of like it
It could gap up and run high.
Once bids start rolling in premarket, watch out