Anthony Perala's questions to GREYSTONE LOGISTICS (GLGI) leadership • Q3 2025
Question
Anthony Perala inquired about the rationale for redeeming the preferred stock with cash instead of conversion, its signal of confidence, and the current macroeconomic environment's impact on customer sentiment and the company's outlook.
Answer
CEO Warren Kruger explained that redeeming the preferred stock was a financially prudent move to eliminate a high 11% interest payment, thereby freeing up $550,000 in annual cash flow. He noted the decision signals confidence and removes a long-standing uncertainty for investors. Regarding the macro outlook, Kruger expressed optimism due to Greystone's primarily domestic business, but acknowledged potential indirect risks if tariffs impact major customers like Walmart.