Current Report Filing (8-k)
March 12 2014 - 3:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 11, 2014
THE GRAYSTONE COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-54254
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27-3051592
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(Commission File No.) |
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(IRS Employer Identification No.) |
2620 Regatta Drive, Ste 102
Las Vegas, NV 89128
(Address of principal executive offices, including ZIP code)
(888) 552-3750
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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(1)
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The Company has received questions from shareholders regarding the Company’s decision not to seek additional financing from Asher. The Company recently received an offer of $82,500 from Asher which the Company promptly rejected. As previously stated, the Company does not intend to borrow any additional funds from Asher Enterprises. As a result of this decision, the Company’s cash position will be affected; however, the Company expects the increase in production and other cost saving initiatives to allow the Company to no longer rely on funding from Asher to expand its operations.
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(2)
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At a Board Meeting on March 11, 2014 the two following items were discussed:
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(a)
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The filing of the Form 5s as required by Rule 16a3(f) which are the annual reports of the current holdings of the officers and directors; and
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(b)
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The Company’s CEO and CFO agreed to a lock up agreement whereby any shares owned by them individually or by entities beneficially owned (i.e. Renard Properties) shall be restricted from re-sale until December 31, 2017. This lockup agreement shall include any additional issuances made between March 11, 2014 and December 31, 2017.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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The Graystone Company, Inc. |
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By:
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/s/ Paul Howarth
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Name:
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Paul Howarth
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Title:
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CEO
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