Greystone Logistics Inc. (GLGI)

[NoNameStocks]

No I didn't. That's a good question though. I will email him again (hopefully he's not sick of me yet). I think it must have gone well because they moved forward with creating a mold and Kruger has stated in the past that a mold costs $250k

The whole process with a new pallet can take a long time. My mistake when I bought in to GLGI was assuming it'd be quick without checking past experience. It generally takes them a year or two. This may not inspire confidence, but in Jan 2013 Kruger said that MC already had a prototype for the slim keg pallet and here we are two years later and they are now saying it's complete enough to generate revenue. The slim keg pallet may be more of an extreme example though because it was a new concept whereas I think the AB pallet is more of a copy of what AB already has

I never thought about the cash for the options but that is interesting. I was thinking they have to pay taxes on current price minus $0.12 but didn't think about paying the company the $0.12. A total of 650k options were exercised which is only $78k so I doubt the company really had to have that money.