The Graystone Company, Inc. (GYST)

[likwit]

Congrats to whoever managed to scoop up some low .003's here the past day or two. Imo, those were a gift.. more than likely going to close green today and make another leg up early next week. Won't see those prices again..

AS for the A/S increase, a company that has a convertible note has to keep an available amount of shares in treasury to be issued upon request of conversion. If the share price has a steady decline over a period of time, the amount of shares needed in treasury will need to go up. The share price in August was as high as .03 cents, not .0033 of a cent. So obviously many more shares will be needed to be out the same loan amount.

On the same note, I do also believe the company now realizes the need of getting the share price up so they can wipe out the last of the convertibles at the highest conversion prices possible and be done with that type of financing now that there are alternatives available to them.

I just think people are concerning themselves way too much with the c/d's but to each his own..

Nice green close coming imo.... GL everyone and good trading..