Replies to post #32579 on The Graystone Company, Inc. (GYST)

[trader guy]

How about a 1 for 5000 reverse split instead. They've got shareholders by the balls and are squeezing hard.

To our stockholders:

NOTICE IS HEREBY GIVEN that the board of directors of The Graystone Company, Inc., a Delaware corporation (which we refer to in this Notice as the “Company,” “we,” “us” or “our”), has approved, and the holders of a majority of the outstanding shares of our Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), have executed a Written Consent and Action of Stockholders in Lieu of a Meeting approving an amendment to our Certificate of Incorporation to conduct a reverse stock split of the outstanding Class A Common Stock of the Company, par value $0.0001 per share, by a ratio of Five Thousand to One (5,000:1) (the “Split”) to be effective on or around September 16, 2013 or when regulatory approval is obtained, for shares with a record date of September 9, 2013. The Split will not change the total number of Class A common shares authorized nor will it change the par value of the Class A common shares. The reverse will not affect the outstanding Class B Common Stock; the reverse only affects the Class A Common Stock outstanding as of the record date./quote]

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9489006