GRYF Breaking Out! Watch it!

[fill_the_gap]

Very good.  Thank you. 

[evgeny05]

Greyfield Sells Franchising Rights for Canada to Slateco International Group
Monday July 25, 7:30 am ET


KAMLOOPS, British Columbia--(BUSINESS WIRE)--July 25, 2005--Greyfield Capital, Inc. (Pink Sheets:GRYF - News) has sold franchising rights in Canada to Slateco International Group. The terms of the transaction are as follows:
    1   Greyfield receives 200,000,000 shares of stock in Slateco with
        anti dilution rights

    2   Greyfield receives $33,000 for each franchise automobile
        dealership in population centers with 50,000-99,999 people,
        $66,000 for each with 100,000-199,999 people and $99,000 for
        each franchise in population centers with 200,000+ people

    3   Greyfield receives 3.57% of gross sales for each franchise
        dealership

    4   Greyfield has right of first refusal for all automobile and
        consumer financing for each franchise dealership

    5   Greyfield maintains database of all customer names, addresses
        and telephone numbers

    6   Greyfield will provide accounting/billing software, sales
        support and technical assistance

    7   If Slateco does not franchise a minimum of 5 dealerships per
        year, Greyfield shall have the right to dissolve the
        partnership and resell franchising rights to another company
        and shall keep the 200,000,000 shares of stock.

Greyfield shall continue to open its own dealerships throughout Canada and eventually the United States. Slateco International shall be responsible for managing the franchising part of the business in Canada only.

Information on Slateco International Group can be found at http://finance.yahoo.com/q?s=sltj.pk

New management of Greyfield is committed to having an open relationship with all of its shareholders.

The company is located in Western Canada not Central Canada. Website will not be active during redesign.

Greyfield Capital is quoted on NQB Pink sheets as "GRYF."

About Greyfield Capital

Canadian Autorama is a profitable, fast growing automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 years and has experienced strong growth.

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.



--------------------------------------------------------------------------------
Contact:
     Greyfield Capital, Inc.
     O' Bell, 415-738-6950

[atalltexan]

Closed just above the low for the day.

[higherstocks]

Wow Texan very observant.

[slomo007]

Does anyone know what's going on with GRYF?  Pinksheets.com shows the status as "suspended"  I had read that they planned to move to the OTCBB in the near future, but wasn't aware it would be this soon....think that's what it is?  This is awfully strange. 

[atalltexan]

Does anyone know what's going on with GRYF?  Pinksheets.com shows the status as "suspended"  I had read that they planned to move to the OTCBB in the near future, but wasn't aware it would be this soon....think that's what it is?  This is awfully strange. 

Wondering the same.  No action on Ameritrade.  Perhaps a symbol change ?

[slomo007]

News from earlier this month: http://www.theautochannel.com/news/2005/07/13/137377.html

Basically it says they plan on filing the paperwork to move to the OTCBB.  Perhaps they have been doing this behind the scenes, but you would think they would be announcing this in order to pump the stock price.  I am not sure if this is what happened, but it seems to make sense that is what is going on.

[flanders]

http://www.sec.gov/litigation/suspensions/34-52127.pdf 

[slomo007]

http://www.sec.gov/litigation/suspensions/34-52127.pdf 

Yikes, not good news at all.  Even when it does get off suspension, I would suspect share prices will drop significantly.  This pretty much sucks.   

[daldrich]

  Notified by my broker trading is suspended until Aug 9
 No reason could be given so sounds suspicious.
 Will give investors time to evaluate at least and if postive results the price will spike or if negative it will drop and if this a good long term pick it will be a good buyin point.
Anyone like waiting while holding the bag?

[atalltexan]

  Notified by my broker trading is suspended until Aug 9
  No reason could be given so sounds suspicious.
  Will give investors time to evaluate at least and if postive results the price will spike or if negative it will drop and if this a good long term pick it will be a good buyin point.
Anyone like waiting while holding the bag?

Thanks for the update.  Hope they put out some good PR in that timeframe, to offset the message of this morning.

[higherstocks]

Ok I have the low down on the suspension.  They are checking into the recent news alerts about the dealerships bought and the revenue numbers.  But I was told not to worry that everything mentioned in the press releases is on the up and up.  And they are in the middle of an audit, which will backup there numbers.  So I am a little relieved now.

[Gurukul]

I can add one lesson here:

"Never buy a PR, buy a stock. That way you can atleast sell something".

Hope others have better opinions and comments.

I lost $500 on GRYF  but I think the lesson was worth it.

[higherstocks]

What lesson?  Never buy a PR, are you kidding?  What do you think makes a stock go up?  If no PR then the stock will not rise.  Every investor the movers at least want to hear what is going on with a company.  If they dont release PR's then the stock will certainly go down because the investor thinks no news is bad news.  I have no idea what you are talking about.

[slomo007]

Ok I have the low down on the suspension.  They are checking into the recent news alerts about the dealerships bought and the revenue numbers.  But I was told not to worry that everything mentioned in the press releases is on the up and up.  And they are in the middle of an audit, which will backup there numbers.  So I am a little relieved now.

Thanks for the update.  Maybe my money isn't down the drain afterall.  At this point, I'd be happy to get 50% of it back.  I'm afraid that even when it resumes trading, the price will take a severe hit due to many investors (like myself - most likely) just trying to dump it. 

If nothing else this is a good learning experience....as suspensions aren't exactly common, even among pennies.