Brad Bullock's questions to GREYSTONE LOGISTICS (GLGI) leadership • Q3 2025
Question
Brad Bullock questioned the decision to redeem the preferred shares with cash rather than converting them to common stock and sought confirmation on the previously stated optimistic outlook for Q4.
Answer
CEO Warren Kruger gave a direct reason for not converting the shares, stating the conversion price was $1.50, which was unfavorable. He also firmly stood by his previous comments, reaffirming that he expects Q4 to be a great quarter and that he was very encouraged by the business activity he saw in March.