Here is something I posted elsewhere PC. Not the SEC but DTC or Depository Trust Company.
I don't think a work over will take longer than 3 months....but not sure how long it will take. They may already be closer than expected. You don't spend huge money unless their is a prospect of making big money. $98M is no small change either. For them to spend that money in 2 years...things have to move pretty quick. Unplug Manavi and see if you can eliminate the water shows, and drill baby drill the other exploration wells.
I love how David explained the phases of a design win, and let us know we are in the late stages of the integration...which means a deal (phase)is close. Dave did a great job, as did Dennis and Harvey.
Chris had some outstanding questions and the answers were equally good IMO.
Erik....It will take some time, and I do think that Blake will eventually go public. If that happens and they buy into aditional leases, then Greyson capitalizes on everything they accomplish...with hands completely off. It is a no lose deal. Yes there were additional shares put on the market, but when we see the results....all valuations double or triple current share price. How is that a bad thing? While they rework Ninotsminda(edited)(6,000BPD) there will not be any production of course, but it is a very short term thing....as I said 3 months...maybe. Could we say 2-6 months? Then the next year and a half/3/4's for getting the other discoveries producing.
I asked for a time frame for the DTC eligibility, and Harvey later clarified that it should be 2-4 weeks.(not in our control) I have my original shares still in certificate form.
Erik,
Technically it was a CC or conference call.
<< how much is this lack of electronic certificate business holding back stock values or growth? affect values?>>
No one could possibly answer that, and it won't matter in a month and a half. If it has been holding Greyson back, we will know then. You certainly want to do this prior to any move to another exchange. All preporatory work and as stated, it is done as far as anything Greyson could do. I can tell you that I would own more shares if TDAmeritrade was willing to do what Scottrade is doing. I do not blame Ameritrade though. It costs them money to ship certificates.... not a problem if for instance...I as a Scottrade customer sold to another Scottrade customer. No expense for them. Crossing broker houses accrues the extra costs and they are in the business for simple transaction fees...$9.99. If there are more costs associated, they eat those costs. That problem is going to go poof soon.
<<2) can we get on NASDAC at our size etc easily? or are there other BIG steps />>
Not right now. There are qualifications....IE over a dollar a share maintained for some period of time. You can go to NASDAQ.com to see what those quals are. They wave many quals, as long as you stay above $1.
<<3) Harvey has a reputation for exaggeration are there really companies hot to cut a licensing deal or is this a long term pipe dream?>>
You will never make it as a PR type. :) Diplomacy. To answer the point, Harvey is not the only one saying a deal is coming. Listen to the last few words of David on the call. I listened to that part twice already as he and Dennis flowed well, and were interesting on the call....
<<Cosmetic co's make most of their money with advertising, pretty sales girls and packaging are they really lined up to add this to our product or is harvey going to have to go on TV to telemarket>>
Harvey does not have to market Trilexon to make a deal happen. Did you hear the part about exclusivity +1? That means that there is a possibility of a company, plus Greyson marketing Trilexon. What Greyson does is independent of what that company does. No guarantees of deal structure at this point, just a possibility.
<<4) I still don't see the oil adding much to GYSN bottom line for several years>>
The ones that do get it, will matter. As soon as Blake finishes reworking Norio,(the producing field) valuation for Greyson goes to .29 - .50+ That does not mean the market will see that valuation, but you as an investor would value it that way.
<<Unless blake one day goes public.>>
I would go public if I were them. That is probably the plan. Several ways to make that happen, but it is on them to see that through. Greyson has an entirely passive role in that investment. No time or money....just whatever benefit we get from how the market values their assets. That IS what insti's will do too. Greyson already is there, and has a head start, as it CAN be valued by anyone looking at GYSN. Rightfully so...if Greyson DID need money, you can bet that asset would be valued by any financier. We don't need money and shouldn't, come that first licensee.
