GLGI Greystone Logistics Inc (QB)

CUSIP No. 39807A100

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CUSIP No. 39807A100

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CUSIP No. 39807A100

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(a) Name of Issuer:

Greystone Logistics, Inc.

(b) Address of Issuer’s Principal Executive Offices:

1613 E. 15th St, Tulsa, OK 74120

(a) Name of Persons Filing:

Topline Capital Management, LLC (“TCM”)

Collin McBirney

Topline Capital Partners, LP (“TCP” or the “Fund”)

(b) Address of Principal Business Office or, if none, Residence:

2913 3rd Street, Unit 201, Santa Monica, CA 90405.

(c) Citizenship:

Reference is made to Row 4 of pages 2 - 4 of this Schedule 13G (this “Schedule”), which are incorporated by reference herein.

(d) Title of Class of Securities:

Common Stock, $0.0001 par value

(e) CUSIP Number: 39807A100

Not applicable.

Reference is hereby made to Rows 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which are incorporated by reference herein.

As of January 1, 2019, the Fund beneficially owned 2,833,926 shares of the issuer’s common stock. This filing is being submitted to amend the filing initially submitted to include TCM, being the general partner and investment manager of the Fund, and Collin McBirney, being the sole member of TCM, as reporting persons. Each of the three reporting persons beneficially owns 2,833,926 shares of the issuer’s common stock as of the date of this filing.

The securities reported on this Schedule as beneficially owned by TCM (the “Securities”) are held by and for the benefit of the Fund. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934 (the “Act”), insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.

Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of his or its pecuniary interests therein.

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Under the definition of “beneficial ownership” in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entities might be deemed the “beneficial owners” of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the Securities, and such beneficial ownership is expressly disclaimed.

The calculation of percentage of beneficial ownership in Row 11 of pages 2, 3 and 4 of this Schedule was derived from the issuer’s Form 10-Q filed with the Securities and Exchange Commission on January 14, 2019, in which the issuer stated that the number of shares of its common stock outstanding as of January 11, 2019 was 28,361,201 shares.

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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ☐

Not applicable.

Not applicable.

Not applicable.

Not applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: November 4, 2019

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EXHIBIT LIST