The Graystone Company Inc - GYST stock

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OTC Symbol: GYST | OTC Tier: Pink Current

About

The Graystone Company, Inc. (OTC: GYST), based in Fort Lauderdale, FL, is a Bitcoin miner and also sells and hosts Bitcoin mining equipment to other companies.

According to blockchain.com, The Graystone company address has received a total of $82,904.81 in bitcoin and sent a total of $36,648.73, with a current value of $46,256.71 (2.31654990 bitcoin).

Significant Events

April 2022 - The company reported receiving 0.39316133 from its bitcoin mining operation.

February 2022 - According to a press release Graystone announced a new division called Graystone Metaverse, which aims to acquire real estate properties in the metaverse, a virtual world. The company intends to develop these properties for various uses, such as gaming, advertising, and e-commerce. The metaverse is a term used to describe a collective virtual shared space that is created by the convergence of virtual reality, augmented reality, and other immersive technologies. The concept of the metaverse has gained popularity in recent years, with many tech companies and investors looking to invest in this emerging space. The press release also mentions that Graystone Metaverse will leverage blockchain technology and non-fungible tokens (NFTs) to create digital assets that represent ownership of virtual real estate properties. This move highlights the company's strategic shift towards new emerging technologies and markets.

February 2022 - Announced uplisting to OTCQB Venture Market. The OTCQB is a market tier of the OTC Markets Group, which is designed for early-stage and developing companies that meet certain financial and disclosure requirements. Up-listing to the OTCQB is a significant achievement for The Graystone Company, Inc. It allows the company to access a larger pool of investors, as well as more institutional investors and analyst coverage. It also enhances the company's visibility and credibility in the financial markets, which could potentially lead to increased liquidity and better valuations for its shares. In order to up-list to the OTCQB, The Graystone Company, Inc. had to meet certain eligibility criteria, including meeting minimum bid price requirements, filing timely and complete financial reports with the SEC, and maintaining a minimum level of shareholder equity. As of April, 2022, Graystone was listed on the OTC Markets trading as Pink Current, meaning they were downgraded from OTCQB at some point.

May 2021 - Filed to reduce the company's authorized share count to 500,000,000, with a plan to complete a 95% reduction in its authorized shares. Authorized shares are the maximum number of shares that a company is allowed to issue, as specified in its corporate charter. The reduction in authorized shares will be completed through a combination of share cancellations and a reverse stock split.

March 2017 - Announced that it would be moving aggressively into the cannabis industry, claiming to have leased space in Garden Grove, CA, filed the necessary paperwork, secured vehicles and hired drivers to begin operating a cannabis delivery service.

GYST Financials

Total revenue for the year ending 11/30/2022 was $401,000 against total expenses of $196,000, resulting in a net income of -$269,000. Cash on hand was $0 and total liabilities were $16,000.

Total revenue for the year ending 11/30/2021 was $176,000 against total expenses of $190,000, resulting in a net income of -$132,000. Cash on hand was $57,000 and total liabilities were $46,000.