GRAYSTONE CO INC A (OTC:GYST) has been acting mostly like a loser lately. After an impressive price fall last week, these 
days GYST is either moving down, or standing still unpredictably. Though, the situation might look a bit different today.
After the company’s failure to get the climb on the recent acquisition news, yesterday it held a promotional campaign to pump up its stock price. GYST was mentioned by a few promoters for a compensation of $5,000 and the company hurried to issue a corporate update.
According to the update, Graystone has begun negotiations with one of the larger environmental impact study firms in Peru hoping to engage it for completing an environmental impact study. The study is prior to converting the company’s claim into a concession for beginning full production on Gorilla and increasing gold sales.
Looks like by making these statements, accompanied by promotions, GYST is determined to move up again, though at this point all is only projections. While, in the meantime, the company’s officers have been acquiring shares of its common stock on full speed.[BANNER]
Regarding the financials of Graystone, these certainly don’t seem inspiring at all. The company’s latest 10-Q report states that it’s been prepared under a going concern.
The current assets of Graystone are not sufficient to fund its ongoing expenses, thus the management itself feels the limited history of GYST and its future cash needs raise substantial doubt about the company’s future operation.
