Greystone Logistics Inc. (GLGI)

[ZachBuffett]

It is the debt, but a lot of the PPS depression can be attributed to the attempt and failure of the reverse split-going private transaction. I know that if I were management, I would have wanted to make a deal like that, too. Taking out a large amount of the float, increasing ownership, and saving money on reporting would have been great for them. They just couldn't swing it in the end because of the arbitrage.

So it's taking a little while to weed out all the arbitrageurs. Actually, less time than I thought.