A conspiracy theory for GLGI and AB

Up front disclosure: While this post has some basis in fact, it is largely speculation

So here I am writing about GLGI again.  I told myself two posts was enough because I don't want to be the blogger who constantly writes about the same thing...but I just think about GLGI too much and what's more fun on a Friday afternoon than speculating about your stocks?  I have done a lot of sleuth work trying to figure out what is going on between GLGI and AB so at least this is an opportunity for me to organize it all in one place.

Insiders Can't Get Enough of Greystone Logistics (GLGI)

I posted a follow up GLGI article on Seeking Alpha in January 2015.

Greystone Logistics - GLGI - An Introduction

I posted this writeup first on the oldschoolvalue.com forum in July 2014
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Greystone Logistics (GLGI) is a highly levered nano cap company that recycles plastic and manufactures plastic pallets.  The company grinds up post-industrial and post-consumer plastic, combines that into their proprietary blend, and manufactures pallets. William Kruger was first named CEO in 2003 and he is intimately intertwined with everything.  There are many related party transactions involving Kruger and fellow board member Robert Rosene.  Rosene and Kruger have loaned money to the company, allowed the company to push back money repayments, personally guaranteed company loans, and used other companies they own to lease land and equipment to back to Greystone.  As of the latest 10-K, Kruger owns 30.6% of the common, Rosene owns 16.6%, and another board member Larry LeBarre owns 4.6%.