Greystone Logistics Inc. (GLGI)

[NoNameStocks]

There is good and bad for sure.

On the bad side we have the poor operating results from the past quarter. Sales and margin took a dive. The main question to me going forward is why did this happen and will it continue?

On the good side we have the low share price versus management's opinion of what it should be. They must feel as though it's undervalued. Three of them recently exercised their options and Kruger is now buying at $0.27. In May Kruger was buying at $0.47 and last year they tried to take it private at $0.50.

There are also some good possibilities for the next couple of quarters IMO. I know a lot was made of the inventory build up this past year without much coming from it but they are still building up. Total inventory is down in the most recent quarter but raw materials is up to an all time high, 22% higher than the last quarter and 55% YOY. Also by now they have finished the pallet built for AB and the slim keg pallet.

My hope is they have big orders for these two new pallets from MC and AB.