Business
Opperations Update
Opperations Update.
About this update from The Graystone Company, Inc.
[{"type":"text","content":"Some questions have been asked by shareholders of GYST and the company has decided to answer the questions in this forum as a public disclosure rather than answer the shareholders individually.Q. Is the company still prospecting or in production?A. Yes, as previously disclosed we have mining claims and mining camps currently active in South America. The company has revenue from mining operations.Q. As in previous years, did the company take a break during the holiday season?A. Yes, the company suspended operations from December 18, 2015 through January 15, 2016 During that time a prospect crew in Suriname used the mining equipment to Prospect new areas on our claim and worked on identifying new claims.Q. Is the company doing a corporate buy back?A. No, the company is not currently participating in a corporate buy back and it was never announced that the company intends to buy back shares on the open market. It was announced that an affiliate company of the CEO has the intention of purchasing shares on the open market. That announcement is still valid and will continue through this year, 2016.Q. How many shares of the company stock has its Officers, Directors, affiliates sold since the November 3 2014 reverse?A. None, the last sale of company stock by an officer/director/or affiliate was in 2013. This has been confirmed with the companiesTransfer Agent. (This also includes family members.) The Company and its CEO are of the opinion that any comments to the contrary are false and/or misleading.Q. How many shares are currently active in the float and has the float changed since the last update on July, 2015.A. 15,248,928 is still the current float. the float has not changed since our last update in July, 2015 Please see the attached DTC securities position report.The company pulled a DTC position report on January 22, 2016 and will make that report available through this portal before the end of this month. The CEO ...