Replies to post #15714 on The Graystone Company, Inc. (GYST)

[PipBoy]

I smell dilution cominggg!

[MadeIt]

Your quotes are out of context and incorrect. The company doesn't worry about the day to day pps fluctuation. They care about the long term investment here. You are trying to deceive investors by sharing only part of the truth. GYST is in a way better position than most penny stocks. They have real revenue with a real mine that they are pulling gold from. They have been very transparent along the way, which shows that they DO CARE ABOUT SHAREHOLDERS. Otherwise they didn't have to share anything with those of us here who ACTUALLY OWN SHARES

[MadeIt]

Here is the exact quote and in bold.

I’ll take your post to be asking: why we used Asher for financing? Please note this is all public knowledge: We took Graystone public in January 2011. We received our ticker in August 2011. It can cost up to $200,000 to take a company public. The officers funded (with friends and family) the necessary expenses to become a public company. The company acquired its initial mining claim (“Gorilla”) for $44,000 in May 2011, which again the officers funded. The Company conducted extensive exploration on the property and surrounding areas and spent in excess of $220,000, which again was funded by the officers. The company ran a mining crew and conduct bulk sampling for nearly 30 days which again the officers funded. The company has built mining camps, bought equipment, purchased boats to transport people back and forth from the mining sites all of which was financed by the company’s officers. In December 2011, we received our first promissory note from Asher. Asher was the only company we could find that would finance the Company without requiring free trading shares immediately. As a result, they took the investment risk that in 6 months we would still be a reporting company, have a stock that they could sell and still be in business. Their financing allowed us to grow the company much faster than we could otherwise and alleviated the pressure of the sole financing coming from the officers (if we could not raise money from 3rd parties than it would make no sense to be public if the officers had to keep using personal funds). If we did not have access to the nearly $200,000 from Asher (of which nearly $110,000 has been paid back) than we would be 18-24 months behind where we are today. It is easy to be looking from the outside in and not writing large checks to criticize the use of Asher. But when we made the decision to receive financing from Asher we looked at how it would benefit the company over the next 3-5 years not how it would affect the stock price on any given day. In fact, we hardly follow the stock price on a daily basis – we focus our time and energy on growing the company as quickly and efficiently as we can especially since we still are using personal funds. We hope in the future that we have other financing sources available to us but until then, and even then, we will ask ourselves the same question we always have: does this benefit the overall company over the next 3-5 years.

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[mysticalEnchantress]

I'm puzzled. Perhaps it is not that the company is indifferent to it's shareholders. With the fairweather shareholder community hopping on and off a stock left and right causing these wild swings, why should a company be concerned about the irrational erratic changes in stock price from week to week? It appears to me that a company is often progressing forward and making headway but the "investment community" hops on briefly and then takes an exit stage left once they scoop up a few bucks. I wouldn't be preoccupied or worried about such irrational behavior either. They have bigger fish to fry (run the company) and hopefully a decent share price will eventually materialize because of that.