Greystone Logistics Inc. (GLGI)

[NoNameStocks]

I was emailing with the CFO the other day about the new 37x37 beverage pallet they had announced with the most recent 8K. In Apr I had emailed him about this 37x37 and he said it was different from what they normally offered by being wider for manual forklifts and he also said the non-recurring pallet charges from last year were due to a customer having issues with manual forklifts. At that time I figured the customer behind this new 37x37 was AB but I know think that is not correct. In January they announced the new slim keg pallet and a 48x40, in Apr they again mentioned the slim keg and 48x40 then added talk of the 37x37. I figured the 37x37 was for AB just because I know they have made a mold for AB but had not yet disclosed it. Turns out I was wrong and should not quit my day job just yet to become a detective...

I think they have made a mold for AB and have still not yet disclosed it. I was asking Rahhal about the 37x37 when he said that the sale they were targetting with this mold fell through. I was concerned that meant AB was gone so I asked if this 37x37 was meant for a major beer distributor and he said no. He also said they made the 37x37 mold more so because they like the size and want in in their inventory than just for this one customer so the sale falling through wasn't that big of a deal.

This is good news because we know AB uses a 32x37 and I was wondering what they were doing with a 37x37. I have asked if they're working on a 32x37 or what size the mold is for the new major beer distributor but haven't received an answer. I think the GLGI mold for AB is probably a 32x37 meant to displace at least some of the current Rehrig pallets

And now I'll hurry back to waiting for the 10-k in 3 months...