Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GRMS SEC REVOKED
https://www.sec.gov/litigation/admin/2018/34-83301.pdf
GRMS SEC SUSPENSION
https://www.sec.gov/litigation/suspensions/2018/34-83185.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-83185-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2018/34-83184.pdf
GRMS is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
https://www.sec.gov/cgi-bin/browse-edgar?company=Green+Energy+Management&owner=exclude&action=getcompany
I hardly think Steven Brett Solomon, who controls this company, is solid. He is a criminal. Period.
ANY GOOD NEWS ON GRMS? LOOKED LIKE IT WAS STARTING TO MOVE UP, BUT HTEN TOOK A DEATH SPIRAL.
the people who run this company are solid businessman.this company can go far.
no one talking about the rise in this stock!what a winner this has been!!!
6.5 by 8 grms is holding its own.a bit of profit taking good on them.i see a bigger number here.i think ill go to mardi gras!!!!
davecapital this is just GREAT!i have owned grms for years and out of the blue up she goes.might be time to take a trip to N.O.good luck to us all!
The charts may not quite line up right, but how else do you explain this one? Let’s all see where the this stock moves today!
Marc Lore, the former founder of Diapers.com, is finally saying how Jet intends on beating Amazon.com when it opens up shop next month. Jet will be part-Amazon and part-Costco, offering reduced prices to those willing to pay $50 a year for access to the marketplace.
Jet.com anticipates selling just about everything that Amazon does — clothes, books, and electronics, baby goods and athletic gear. But unlike Amazon, which is free for anyone to use, customers will be expected to pay a membership fee after a 90-day trial expires. In return, Jet is claiming to offer prices that are 10 to 15 percent lower than anywhere else.
Jet explains that it can offer lower prices because it only plans to make money on membership fees — it does not take a percentage of any of the sales. The company also said savings will come from making the process more transparent to the consumer, and offering more ways to save money. Such options may include combining multiple orders into a single shipment. Customers will save even more if they are willing to pay with a debit card, which collects fewer transaction fees than a credit card. Items that are found locally will also cost less than those that are shipped across the country.
Jet opens for private testing later this month and now offers free membership for early signup by registering here
WHAT A DAY!WHAT A DAY!WHAT A DAY!!!MY WAIT HAS BEEN WORTH IT!!!!! MADE MY YEAR!!!!!!
volume in grms it has been a long time but worth it!i would like to know what made it jump.OOOOOH THANK YOU!
grms at long last has some volume and it is cheep stock imo.think i will pick up some GRMS!
anyone on this board?i would like to know more about this company.
GRMS: one for 10 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/15/2012&mkt_ctg=NON-OTCBB
Quite a bit of Volume .....
....
....
That's what she said!
Board Resignation
From 8K
On November 18, 2011, Green Energy Management Services Holdings, Inc. (the "Company") received notification from Mr. Michael Samuel that effective December 1, 2011, he resigned as a member of the Board of Directors (the "Board") of the Company. The resignation of Mr. Samuel from the Board was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. A copy of Mr. Samuel's resignation letter, dated November 18, 2011, addressed to Green Energy Management Services, Inc., the Company's wholly-owned subsidiary ("GEM"), is filed with this Current Report on Form 8-K as Exhibit 99.1. Mr. Samuel orally confirmed to the Company that his resignation letter is applicable to both the Company and GEM.
What's up with this POS? any good reasons to buy this chit? or is it just like trying to catch a falling hammer.
8K Filed; CFO is gone
http://sec.gov/Archives/edgar/data/1164552/000114036111045843/form8k.htm
"On September 8, 2011, the Board of Directors of Green Energy Management Services Holdings, Inc. (the “Company”) implemented certain management changes, as a result of the Company taking cost saving measures. Robert Weinstein will no longer serve as the Chief Financial Officer of the Company and his employment by the Company will be terminated. Peter P. Barrios, a financial and accounting consultant to the Company, has been appointed to serve as the Chief Financial Officer of the Company, effective as of the same date."
GRMS 9/6/11 REGSHO
20110906|GRMS|13000|0|16000|O
Company asking shareholders to approve 15:1 R/S
Really Holding strong, lol...I sold this stock at .10 a year ago, everyone laughed cause I sold before the split, well who's laughing now...GLTA
Looks to me like they they used warrants to create some in house financing to offer to their customers. GRMS is taking all the risk of the financing deal, but it's an attractive option if your offering to pay for the product using a portion of the savings realized after installation.
Also, they have agreed to give Energy Sales Solutions, LLC a 10% portion of all sales they generate as long as this agreement is in effect. I say have at it, sell all you can.
Can anyone help me understand the news that came out today on this one? Is that mostly positive?
Agreed, need some heavy duty contracts
my thought is it is going to take a bunch more than that to move it but i am glad there is something going on at least
The news is great. Why no movement up in the stock price?
Indeed it was, right on cue!
Weasel it was nice to see a press release yesterday!!!!
I concur, whats up you guys! Anyone know anything more on GRMS of late
this board is dead!!!
Seems all pinks and subs are on SEC watch
Think twice about holding long term.
http://secwatch.com/grms/s1/a/ipo-registration-(amendment)/2011/1/5/7504540?s=alert
yea unsure whats going on but I plan on holding long term
It seems to be struggling to maintain price at the moment!
None really. Was happy to see this take off to .35 hoping it goes higher. Company seems to be making smart moves and securing projects.
Sure is dead in here. Anyone have any thoughts?
Sure is dead in here. Anyone have any thoughts?
Green Energy Management Announces AIRLOCK Water Efficiency Contract with Keystone Holdings
Green Energy Mgmt Sv (OTCBB:GRMS)
Intraday Stock Chart
Today : Monday 20 December 2010
Green Energy Management Services Holdings, Inc. (OTCBB: GRMS) ("The Company") announced today it has signed a five-year water efficiency installation and maintenance contract with Keystone Holdings, a residential and commercial real estate developer, located in Miami, Florida. (the "Contract" or "Project"). The Contract entails installing and maintaining AIRLOCK valves across the company’s 14 properties, beginning with Keystone Palms, a residential property in Miami.
The Contract is estimated to provide Keystone Holdings with as much as 30% annual savings in its water and sewer costs at each of its properties. As compensation for the Project, the Company will receive 50% of the savings over the life of the contract.
AIRLOCK is a proprietary, patent-pending device that more accurately measures water flow from your water provider. Air typically accumulates in water pipes before it reaches the meter, artificially raising meter readings. AIRLOCK compresses the accumulated air in the pipes. The water then flows through the meter with the air undetected, and the result is a reduced water bill. AIRLOCK is cast in surgical stainless steel, assembled in the U.S., and certified by the NSF.
"We are excited to be working with Keystone Holdings, one of Miami’s best-known residential developers,” said Michael Samuel, Green Energy Management’s Chief Executive Officer.” By installing AIRLOCK, Keystone Holdings should achieve significant savings at Keystone Palms. We look forward to installing AIRLOCK at more of their properties in the near future.”
About Keystone Holdings
Keystone Holdings is a residential and commercial real estate development company based in Miami, Florida, with 15 years experience building homes for today’s urban professionals. Keystone Holdings has 14 current and completed developments in South Florida, including Keystone Palms, Keystone Park, and the Villas of Coral Way.
About Green Energy Management Services Holdings, Inc.
Based in the eastern United States, GEM is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce, by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
Addressing the energy efficiency arena, GEM concentrates its marketing efforts within geographic regions exhibiting higher than average per kilowatt hour utility rates and having energy customers who consume higher than average quantities of energy. GEM then develops an energy efficiency/energy management program which, potentially, provides end-users alternatives to decrease their energy consumption. Additionally, in many instances, GEM assumes the management and maintenance of its clients’ lighting needs which affords its clients greater labor efficiencies.
Within the renewable energy generation space, GEM’s operating team provides a comprehensive analysis of clients’ geographic location-related energy demographics to develop an energy plan which targets generating investment returns and best renewable resource solution for its clients. Currently, GEM has determined that solar voltaics are the most desirable of the renewable energy solutions and focuses its attention primarily in this area. As technologies change and become affordable, GEM is poised to begin wide-scale implementation of other forms of renewable technologies as well.
Additional information on GEM may be found at www.gempowered.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain “forward-looking statements” relating to the business of the Company, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,” “believe,” “project,” “continue,” “plan,” “forecast,” or other similar words, or the negative thereof, unless the context requires otherwise, and which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements reflect management’s current views with respect to future events and are subject to numerous risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s Registration Statement on Form S-1, as well as the Company’s reports on Forms 8-K, 10-Q and 10-K and proxy statements and information statements, which have been or will be filed by the Company with the Securities and Exchange Commission (the “SEC”) and the “Risk Factors” sections of the most recent SEC filings by the Company. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company’s ability to control or predict. The Company undertakes no obligation and expressly disclaim any obligation, to revise or publicly update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
I'm in. I see a logical progression to some good profits here. I guess we will see in time.
Yessir, still here and holding
does anyone still own this stock......it is pretty silent in here
Green Energy Management Announces AIRLOCK Water Efficiency Contract with Porto Vita
Green Energy Management Services Holdings, Inc. (OTCBB:GRMS) ("The Company") announced today it has signed a five-year water efficiency installation and maintenance contract with Porto Vita, a luxury condominium development, located in Aventura, Florida. (the "Contract" or "Project"). The Contract entails installing and maintaining AIRLOCK valves in two 32 story residential towers.
The Contract is estimated to provide Porto Vita with as much as a 30% annual savings in its water and sewer costs. As compensation for the Project, the Company will receive 50% of the savings over the life of the contract.
Jason Edelboim, the Company’s Executive Vice President, stated: "We are very excited to be working with Porto Vita, one of the premier luxury developments in Aventura. By installing AIRLOCK valves, Porto Vita should generate significant savings in its water and sewer costs, with no out of pocket expense. We believe this project may also raise interest in AIRLOCK among other developments in the area.”
About Porto Vita
Porto Vita is a condo community located north of Turnberry Isle in northern Miami-Dade County, in the City of Aventura. It is comprised of 400 residences in two 32 story towers, as well as town homes, a tennis center, and a marina.
About Green Energy Management Services Holdings, Inc.
Based in the eastern United States, GEM is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce, by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
Addressing the energy efficiency arena, GEM concentrates its marketing efforts within geographic regions exhibiting higher than average per kilowatt hour utility rates and having energy customers who consume higher than average quantities of energy. GEM then develops an energy efficiency/energy management program which, potentially, provides end-users alternatives to decrease their energy consumption. Additionally, in many instances, GEM assumes the management and maintenance of its clients’ lighting needs which affords its clients greater labor efficiencies.
Within the renewable energy generation space, GEM’s operating team provides a comprehensive analysis of clients’ geographic location-related energy demographics to develop an energy plan which targets generating investment returns and best renewable resource solution for its clients. Currently, GEM has determined that solar voltaics are the most desirable of the renewable energy solutions and focuses its attention primarily in this area. As technologies change and become affordable, GEM is poised to begin wide-scale implementation of other forms of renewable technologies as well.
Additional information on GEM may be found at www.gempowered.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain “forward-looking statements” relating to the business of the Company, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,” “believe,” “project,” “continue,” “plan,” “forecast,” or other similar words, or the negative thereof, unless the context requires otherwise, and which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements reflect management’s current views with respect to future events and are subject to numerous risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s Registration Statement on Form S-1, as well as the Company’s reports on Forms 8-K, 10-Q and 10-K and proxy statements and information statements, which have been or will be filed by the Company with the Securities and Exchange Commission (the “SEC”) and the “Risk Factors” sections of the most recent SEC filings by the Company. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company’s ability to control or predict. The Company undertakes no obligation and expressly disclaim any obligation, to revise or publicly update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4679
|
Created
|
10/19/08
|
Type
|
Free
|
Moderators |
GREEN ENERGY MANAGEMENT SERVICES HOLDINGS, INC.
September 30, 2010 | December 31, 2009 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS | | | ||||||
Current | | | ||||||
Cash | $ | 459,179 | $ | 18,241 | ||||
Contract receivables | 33,735 | 220,652 | ||||||
Prepaid expenses | 101,904 | 3,710 | ||||||
Total Current Assets | 594,818 | 242,603 | ||||||
Property and equipment-net | 87,604 | 79,339 | ||||||
Licensing agreement | 633,600 | - | ||||||
Other assets | 8,440 | - | ||||||
Total Assets | $ | 1,324,462 | $ | 321,942 | ||||
LIABILITIES | ||||||||
Current | ||||||||
Accounts payable - trade | $ | 275,812 | $ | 222,370 | ||||
Line of Credit | - | 195,000 | ||||||
Note payable - Current portion | 12,223 | 10,877 | ||||||
Advances from stockholders | - | 38,550 | ||||||
Other accrued liabilities | 134,962 | 3,802 | ||||||
Total Current Liabilities | 422,997 | 470,599 | ||||||
Note payable - long-term portion | 43,027 | 52,351 | ||||||
Total Liabilities | 466,024 | 522,950 | ||||||
STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||
Common stock, $0.0001 par value, 500,000,000 shares authorized; 442,003,636 and 351,691,756 shares issued and outstanding on September 30, 2010 and December 31, 2009, respectively | 44,200 | 35,169 | ||||||
Additional paid-in capital | 2,020,402 | (34,169 | ) | |||||
Subscription receivable | (50,000 | ) | - | |||||
Retained deficit | (1,156,164 | ) | (202,008 | ) | ||||
Total Stockholders' Equity (Deficit) | 858,438 | (201,008 | ) | |||||
Total Liabilities & Stockholders' Equity (Deficit) | $ | 1,324,462 | $ | 321,942 |
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
| | | | |||||||||||||
Contract revenue earned | $ | - | $ | 504,097 | $ | 291,311 | $ | 1,464,452 | ||||||||
Cost of revenue earned | - | 320,246 | 270,163 | 1,280,804 | ||||||||||||
Gross profit (loss) | - | 183,851 | 21,148 | 183,648 | ||||||||||||
Selling, general and administrative expenses | 578,988 | 72,601 | 989,348 | 246,153 | ||||||||||||
Gain on settlement of trade payables | (24,029 | ) | - | (24,029 | ) | - | ||||||||||
Operating income (loss) | (554,959 | ) | 111,250 | (944,171 | ) | (62,505 | ) | |||||||||
Miscellaneous income | 1,462 | - | 1,112 | - | ||||||||||||
Loss on sale of assets | - | (3,220 | ) | - | (3,220 | ) | ||||||||||
Interest expense, net | (2,823 | ) | (1,244 | ) | (11,097 | ) | (6,443 | ) | ||||||||
Total other income (expense) | (1,361 | ) | (4,464 | ) | (9,985 | ) | (9,663 | ) | ||||||||
Net income (loss) before income taxes | (556,320 | ) | 106,786 | (954,156 | ) | (72,168 | ) | |||||||||
Income taxes | - | - | - | - | ||||||||||||
Net income (loss) | $ | (556,320 | ) | $ | 106,786 | $ | (954,156 | ) | $ | (72,168 | ) | |||||
Net income (loss) per common share - basic and diluted | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||
Weighted average number of common shares outstanding | 390,961,398 | 351,691,756 | 364,925,482 | 351,691,756 |
Nine Months Ended September 30, | ||||||||
2010 | 2009 | |||||||
Cash flows from operating activities: | ||||||||
Net loss for the period | $ | (954,156 | ) | $ | (72,168 | ) | ||
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||||||||
Depreciation | 5,851 | 7,180 | ||||||
Stock-based compensation | 90,000 | - | ||||||
Gain on forgiveness of trade payables | (24,029 | ) | ||||||
Loss on sale of vehicle | - | 4,250 | ||||||
Net change in assets and liabilities: | ||||||||
Decrease in contract receivables | 186,917 | 27,710 | ||||||
Increase in prepaid expenses | (98,194 | ) | - | |||||
(Increase) decrease in other assets | (8,440 | ) | 5,374 | |||||
Increase (decrease) in accounts payable - trade | 77,471 | (12,765 | ) | |||||
Decrease in billings in excess of costs and estimated earnings on uncompleted contracts | - | (70,496 | ) | |||||
Increase (decrease) in advances from shareholders | (38,550 | ) | 3,552 | |||||
Increase in accrued liabilities | 131,160 | 674 | ||||||
Net cash (used in) operating activities | (631,970 | ) | (106,689 | ) | ||||
Cash flows from investing activities: | ||||||||
Cash distributions prior to merger | (9,998 | ) | - | |||||
Purchases of property and equipment | (14,116 | ) | - | |||||
Net cash (used in) investing activities | (24,114 | ) | - | |||||
Cash flows from financing activities: | ||||||||
Net proceeds from line of credit | 5,000 | 43,581 | ||||||
Repayment of debt on installment notes | (7,978 | ) | - | |||||
Cash proceeds from merger transaction | 1,100,000 | - | ||||||
Net cash provided by financing activities | 1,097,022 | 43,581 | ||||||
Net increase (decrease) in cash | 440,938 | (63,108 | ) | |||||
Cash - beginning of period | 18,241 | 70,143 | ||||||
Cash - end of period | $ | 459,179 | $ | 7,035 | ||||
Supplemental disclosure of cash flow information: | ||||||||
Cash payments for interest | $ | 11,105 | $ | 6,443 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |