The Graystone Company, Inc. (GYST)

[Shepo69]

how do you figure that? Look back at the 8k's they have converted everying up to this point.. This current conversion is from april 26th and 2/3's done.. ( look at the last 2 8 K's next conversion is not available to them for 2 months..



(From last 10Q )

Note: this is the one they are currently converting..

On April 26, 2012 the Company received a note in the amount of $47,500 from Asher Enterprises, Inc. The note bears a simple interest of 8% per annum from the date hereof (the “Issue Date”) until it becomes due and payable, whether at maturity date on January 30, 2013. The note is convertible into shares of Class A Common Stock, $0.0001 par value per share. As of June 30, 2012, the Company accrued $885 interest on the unsecured convertible loan.


This would be the next one they could convert. 6 months from date of issue..

On June 21, 2012 the Company received a note in the amount of $32,500 from Asher Enterprises, Inc. The note bears a simple interest of 8% per annum from the date hereof (the “Issue Date”) until it becomes due and payable, whether at maturity date on March 25, 2013. The note is convertible into shares of Class A Common Stock, $0.0001 par value per share. As of June 30, 2012, the Company accrued $85 interest on the unsecured convertible loan.

So after there done with this one.. we got at least 2 months before they can convert again.. lots can happen in 2 months.