Cohodes is a scamming short

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

If shareholders of $RILY are not following @wolfpackreports on Twitter you should do so immediately. It will make you sick to your stomach but amazingly informative. He is teaming with Marc Cohodes to expose the fraud that Bryant and Brian are wrapped up in. If you wonder if Marc is legit, look no further than who exposed Sam Bankman-Fried, Silvergate Bank, and a few others just this year. He has sent multiple crooks to jail along the way.

Still priced with high yield, even though up considerably from lows a little while back. Earnings report next week, and probably word on whether dividends decreased or suspended. (I can't imagine they will dro[ dividend entirely, but it doesnt seem like they can keep it this high, given recent financial performance.)

Yup, both a positive earnings repiort and no dividend cut! Good gain after hours and could continue gains tomorrow and for a few days after the massive selloff in anticipation of bad news.

This is priced in anticipation of BOTH a bad earnings report next week AND dividend cut. If either does NOT happen, the stock should move up nicely. Seems most of the bad news is priced in.

News: $RILY B. Riley FBR Investor Conference Offered a Snapshot of the Mid-Market Investment Landscape

At the B. Riley FBR 20th Annual Institutional Investor Conference, B. Riley FBR offered another unique opportunity to see the areas of investment on which mid-market companies are currently focused. Taking place May 22-23 at The Beverly Hilton in Beverly Hills, California, the widely anticipat...

In case you are interested https://marketwirenews.com/news-releases/b-riley-fbr-investor-conference-offered-a-snapshot-of-the-mid-market-investment-landscape-8242538.html

News: $RILY B. Riley Financial Announces Offering of $50 Million Senior Notes Due 2024 and "BBB+" Rating from Egan-Jones

LOS ANGELES, May 02, 2019 (GLOBE NEWSWIRE) -- B. Riley Financial, Inc. (NASDAQ: RILY) (the Company) today announced it has commenced an underwritten registered public offering of $50 million aggregate principal amount of senior notes due 2024, subject to market and certain other conditions....

Read the whole news https://marketwirenews.com/news-releases/b-riley-financial-announces-offering-of-50-million-senior-notes-due-2024-and-bbb-rating-from-egan-jones-8100680.html

FBRC getting a little pop!

Investment bank FBR & Co. (FBRC) said late Friday its board of directors has declared a special cash dividend of $7.61 per common share. That special dividend is in connection with FBR's merger with B. Riley Financial Inc. (RILY), , and it is contingent upon the closing of the merger. The dividend is payable June 1 to shareholders of record May 30. Shares of FBR were flat in after-hours trading after ending the regular session down 0.6%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com



(END) Dow Jones Newswires

May 19, 2017 16:32 ET (20:32 GMT)

fast and steady profit scan RILY bullish 13.36



normal chart


log chart

RILY: moved to Nasdaq from OTC:

http://otce.finra.org/DLDeletions

Great American Group Inc., GAMR, changed to B.Riley Financial Inc., RILY:

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/06/2014&mkt_ctg=OTCBB

$GAMR recent news/filings

bullish

## source: finance.yahoo.com

Fri, 04 Jul 2014 17:04:10 GMT ~ GREAT AMERICAN GROUP, INC. Financials


read full: http://finance.yahoo.com/q/is?s=gamr
*********************************************************

Tue, 01 Jul 2014 01:26:19 GMT ~ Great American Group Stock Has Resumed Trading Under Symbol GAMR

[at noodls] - WOODLAND HILLS, Calif., June 30, 2014 /PRNewswire/ -- Great American Group, Inc. (GAMR) announced today that its common stock has resumed trading under the symbol "GAMR". This follows a period ...

read full: http://www.noodls.com/view/5589D1A2FD8BA9D269780F5C29F6787AFE966B7F
*********************************************************

Mon, 30 Jun 2014 21:53:00 GMT ~ Great American Group Stock Has Resumed Trading Under Symbol GAMR

[PR Newswire] - WOODLAND HILLS, Calif., June 30, 2014 /PRNewswire/ -- Great American Group, Inc. (OTCBB: GAMR) announced today that its common stock has resumed trading under the symbol "GAMR". This follows ...

read full: http://finance.yahoo.com/news/great-american-group-stock-resumed-215300509.html
*********************************************************

Tue, 24 Jun 2014 13:05:00 GMT ~ Daniel Williams Joins Great American Group as Managing Director of its Advisory and Valuation Services Division

[PR Newswire] - NEW YORK, June 24, 2014 /PRNewswire/ -- Great American Group, Inc. (GAMR) (GAMRD), today announced the appointment of Daniel Williams as Managing Director of its Advisory and Valuation Services division. Williams has 20 years of experience in asset based lending which he will use to benefit the Company's clients. Each day Dan will be in market, supplementing our existing coverage of Ryan Mulcunry and Michael Petruski," said Great American Group CEO of Advisory and Valuation Services, Lester Friedman. He continued, "We see immense growth potential in New York and Dan will be instrumental in leading a team of professionals to service the world's largest financial market."

read full: http://finance.yahoo.com/news/daniel-williams-joins-great-american-130500759.html
*********************************************************

Wed, 18 Jun 2014 22:32:49 GMT ~ Great American Group and B. Riley & Co. Combination Complete

[at noodls] - WOODLAND HILLS, Calif. and LOS ANGELES, June 18, 2014 /PRNewswire/ -- Great American Group, Inc. (OTCBB: GAMR) (OTCBB: GAMRD) ("Great American Group"), a leading provider of asset disposition ...

read full: http://www.noodls.com/view/4A1AD828D0F19B00949D77BD3B6EB384D7193F27
*********************************************************


$GAMR charts

basic chart ## source: stockcharts.com



basic chart ## source: eoddata.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$GAMR company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/GAMR/company-info
Ticker: $GAMR
OTC Market Place: OTCQB
CIK code: 0001464790
Company name: Great American Group Inc.
Company website: http://www.greatamerican.com
Incorporated In: DE, USA

Business Description: Great American Group is a leading provider of asset disposition, valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms.


$GAMR share structure

## source: otcmarkets.com

Market Value: $12,001,192 a/o Jul 16, 2014
Shares Outstanding: 1,500,149 a/o Jun 03, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$GAMR extra dd links

Company name: Great American Group Inc.
Company website: http://www.greatamerican.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GAMR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GAMR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GAMR+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/news - http://finance.yahoo.com/q/h?s=GAMR+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GAMR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GAMR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GAMR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Great+American+Group+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Great+American+Group+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Great+American+Group+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.greatamerican.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.greatamerican.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.greatamerican.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GAMR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001464790&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GAMR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GAMR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GAMR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GAMR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GAMR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GAMR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GAMR+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GAMR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GAMR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GAMR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GAMR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GAMR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GAMR/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GAMR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GAMR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GAMR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GAMR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GAMR



$GAMR DD Notes ~ http://www.ddnotesmaker.com/GAMR
a11k

GAMR one for 20 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/02/2014&mkt_ctg=OTCBB

renkcub- paint the whole picture!

We picked up $70 million in owner's equity!!!!

Currently, GAMR's balance sheet prior to merger:
$73 million in assets and $78 million in liabilities-- shareholder's equity of negative $4.1 million

Post this merger:
$93 million in assets and $29.2 million in liabilities-- shareholder's equity of positive $63.8 million... & no need or concern to worry about them needing to raise more capital. Going forward, company of around $110 million in sales and $12 million in EBIDTA.



GAMR eliminating $48.8 million worth of long term debt at a discounted amount of $30 million using the proceeds from the private placement. They will keep the remaining $21 million in cash.

Looks like a damn good deal to me.

I hope the whale today knows is that this stock is about to be massively diluted...

here is the breakdown:
30 million existing shares
+205.6 million shares being added - for $51.4 million capital raise
+84 million - for M&A activity
=319.6 million shares / 20-1 stock split

= 15.98 new shares

So - whatever you're buying here is only 9.38% of the new combined company versus 100% before. Whether the new GAMR is worth 10.66x more overnight is for you to decide.

This stock looks fundamentally sound... anyone still here?

Maybe some eyes will be on GAMR today. Should easily roll up 30% given the way it's drifted down on low volume of late.

Is anyone still here? Great 10Q today, back to profit. I wonder if those huge sellers are regretting giving their shares to the insider this week.

Adding $.35

NEW YORK, Jun 04, 2013 (BUSINESS WIRE) -- GA Keen Realty Advisors, a division
of Great American Group, Inc. (OTCBB: GAMR), sold the 48,250-square-foot office
building in Cedar Falls, Iowa, that once served as the corporate headquarters to
Peregrine Financial Group.

The buyer, Spiegel Family Realty Company Iowa, LLC, emerged as the successful
bidder at an auction conducted by GA Keen Realty Advisors with a winning bid of
$3,255,000. The successful bid was $505,000 over the accepted stalking-horse
bid. The closing is expected to occur in June.

"We are pleased with this sale and the process GA Keen
Realty Advisors ran. We had outstanding interest in the property with numerous
groups requesting additional information and inspecting the property. The
auction came down to two buyers and Spiegel Family Realty Company was ultimately
the successful bidder," said Michael M. Eidelman, the
Court appointed receiver and co-chair of the bankruptcy group at Vedder Price
P.C.

"We're hoping to find a tenant or tenants to bring some jobs back to the
community and to the building," said A.J. Spiegel, owner and president of
Spiegel.

Mr. Eidelman expressed great satisfaction with the speed and efficiency of GA
Keen Realty Advisors' marketing efforts.

"I retained GA Keen Realty Advisors on February 22,
2013, and they successfully brought me a $2,750,000 stalking horse contract
within eight weeks," said Eidelman.
"The stalking horse, California-based Karlin Real
Estate, LLC, agreed to buy the property subject to
overbids."

GA Keen Realty Advisors thereafter solicited overbids, and according to
Eidelman: "successfully maximized the value of this
property."

The building is the former headquarters of Peregrine Financial Group (PFG),
owned by Russell Wasendorf, Sr., which filed for bankruptcy in July 2012.

About GA Keen Realty Advisors, LLC

GA Keen Realty Advisors, located in New York, provides real estate analysis,
valuation and strategic planning services, brokerage, M&A, auction services,
lease restructuring services and real estate capital market services. For more
information about GA Keen Realty Advisors, call (646) 381-9222 or visit
http://www.greatamerican.com/keen.

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction
solutions, advisory and valuation services, capital investment, and real estate
advisory services for an extensive array of companies. A trusted strategic
partner at every stage of the business lifecycle, Great American Group
efficiently deploys resources with sector expertise to assist companies,
lenders, capital providers, private equity investors and professional service
firms in maximizing the value of their assets. The company has in-depth
experience within the retail, industrial, real estate, healthcare, energy and
technology industries. The corporate headquarters is located in Woodland Hills,
Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago,
Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan
and Munich. For more information, call (818) 884-3737 or visit
www.greatamerican.com.


http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130604005360r1&sid=cmtx6&distro=nx

SOURCE: Great American Group, Inc.




CONTACT:
Great American Group
Michelle Kahan, Director of Marketing
818-884-3737
mkahan@greatamerican.com
or
Mulberry Marketing Communications
Christina Bereta, Account Executive
312-664-1532
cbereta@mulberrymc.com




Copyright Business Wire 2013

-0-




KEYWORD: United States

North America

California

Iowa

New York

INDUSTRY KEYWORD: Professional Services

REIT

Consulting

Finance

Construction & Property

Commercial Building & Real Estate

SUBJECT CODE: Contract/Agreement

Avg up at $.35

Entered this morning at $.345. The Balance Sheet is a mess but with $.043 Q-1 earnings it's hard to pass this up.

im guessing the market is anticipated a bad quarter. this stock is on my top 10 in my watch list. Sell off for no reason the past 4 days

blindman28

They are paying a low interest rate on the debt. The company is growing and profitabile-- they mentioned expanding into Italy & Germany in the last conference call. Cash & equivalents are strong. I wouldn't be concerned about it. This stock is trading at a ridiculously low valuation.

why does this company have so much debt? everything else growth and business wise looks great though

GAMR reports .08c....Great American Group Announces Improved Fourth Quarter and Full Year 2012
Financial Results


WOODLAND HILLS, CA, Mar 28, 2013 (MARKETWIRE via COMTEX) -- Great American
Group, Inc.(R) (OTCBB: GAMR) ("Great American Group" or the "Company"), a
leading provider of asset disposition, valuation and appraisal services, today
announced financial results for its fourth quarter and full year ended December
31, 2012.





-- Fiscal 2012 total revenues of $83.9 million, a 32.1% increase from

$63.5 million a year ago

-- Fiscal 2012 net income of $3.5 million, versus net income of $0.6

million from a year ago

-- Fiscal 2012 diluted earnings per share of $0.12, versus diluted

earnings per share of $0.02 from a year ago



"During fiscal 2012 we experienced significant year-over-year improvements in
our financial results with a strong increase in revenues and profitability, as
business activity across a number of our divisions improved from prior year
levels," said Andrew Gumaer, Chief Executive Officer of Great American Group.
Mr. Gumaer added, "GA Europe, GA Appraisals, and GA Keen Realty are three of our
divisions that experienced significant increases in business activity in 2012
and helped to drive our overall financial performance. The positive
contributions from all three divisions helped to diversify Great American's
revenues and offset a decline in activity in our US Retail business. We are
pleased with the growth that each of these three divisions have experienced over
the last several years and hope to continue our investment in their future
development."

Fourth Quarter Results

For the fourth quarter, the Company reported total revenues of $30.7 million, a
significant increase from revenues of $11.4 million in the fourth quarter of
2011. Revenues from services and fees were $24.5 million, compared to $10.5
million in the same period the prior year. Revenues from sale of goods were $6.3
million, compared to $0.9 million in the fourth quarter of 2011. The increase in
total revenues during the quarter was primarily due to increases in the UK
Retail Stores segment, as well as the retail liquidation segment that
participated in the liquidation of Comet, a 236 store electronics chain in the
United Kingdom. The Company's results include the consolidation of Shoon, the UK
shoe retailer in which the Company invested last May. Shoon contributed $10.2
million of revenue and net income of $0.5 million to our Company's consolidated
results in 2012.

Direct cost of services was $7.8 million, compared to $3.8 million a year ago.
The increase in direct cost of services was primarily the result of an increase
in costs incurred as result of services performed in connection with the Comet
liquidation engagement during the fourth quarter of 2012. Cost of goods sold was
$4.3 million in the fourth quarter of 2012, compared to $1.1 million in the
fourth quarter of the prior year.

Selling, general and administrative expenses increased to $13.7 million,
compared to $6.1 million in the fourth quarter of 2011. The increase in selling,
general and administrative expenses was primarily attributed to increases in
payroll and operating expenses from the ongoing expansion of the Company's UK
operations and the operating expenses of Shoon.

Operating income for the fourth quarter of 2012 was $4.9 million, compared to
$0.3 million during the fourth quarter of 2011.

Interest expense during the fourth quarter of 2012 declined to $0.7 million from
$1.0 million in the same period a year ago. The decline in interest expense was
primarily the result of a decrease in US retail liquidation activity that
required borrowings from our line of credit in 2011.

Pretax income was $4.1 million compared to pretax loss of $0.5 million in the
fourth quarter of 2011. Net income was $2.4 million, or $0.08 per diluted share,
compared to net loss of $0.7 million, or $0.02 per diluted share in the fourth
quarter of 2011.

Twelve Months Ended December 31, 2012

For the twelve months of 2012, the Company reported improved total revenues of
$83.9 million, compared to $63.5 million in the twelve months of 2011. Revenues
from services and fees were $65.6 million, compared to $60.6 million a year ago.
Sales of goods were $18.3 million compared to $2.9 million in the same period of
2011.

Total operating expenses were $76.5 million, compared to $56.1 million in 2011.
Operating income was $7.4 million, flat compared to the prior year. Pretax
income was $6.3 million, compared to $2.7 million during the twelve months of
2011. The Company recorded a provision for income taxes of $1.9 million compared
to $2.1 million in the same period of 2011. Net income during the twelve months
of 2012 was $3.5 million, or $0.12 per diluted share, compared with $0.6
million, or $0.02 in the same period of 2011.

Adjusted EBITDA for the twelve months of 2012 was $8.7 million compared to $8.5
million in 2011.

Financial Position

At December 31, 2012, the Company had $18.7 million in cash and cash equivalents
and $7.9 million of restricted cash, an increase compared to $15.0 million of
cash and cash equivalents at December 31, 2011.

Conference Call

The Company will host a conference call today at 4:30 p.m. ET, to discuss
results for the fourth quarter ended December 31, 2012. To participate in the
event by telephone, please dial (877) 407-0789, 10 minutes prior to the start
time (to allow time for registration) and use conference ID # 408841.
International callers should dial (201) 689-8562. A digital replay will be
available beginning March 28, 2013, at 7:30 p.m. ET, through April 4, 2013, at
11:59 p.m. ET. To access the replay, dial (877) 870-5176 (U.S.), and use
passcode 408841. International callers should dial (858) 384-5517 and enter the
same passcode.

The call will also be broadcast over the Internet and can be accessed on the
Investor Relations section of the Company's website at www.greatamerican.com. A
replay of the call will also be available for 90 days on the website.

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction
solutions, advisory and valuation services, capital investment, and real estate
advisory services for an extensive array of companies. A trusted strategic
partner at every stage of the business lifecycle, Great American Group
efficiently deploys resources with sector expertise to assist companies,
lenders, capital providers, private equity investors and professional service
firms in maximizing the value of their assets. The company has in-depth
experience within the retail, industrial, real estate, healthcare, energy and
technology industries. The corporate headquarters is located in Woodland Hills,
Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago,
Dallas, New York, San Francisco and London. For more information, call (818)
884-3737 or visit www.greatamerican.com.

Forward-Looking Statements

This press release may contain forward-looking statements by Great American
Group that are not based on historical fact, including, without limitation,
statements containing the words "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates" and similar expressions and statements. Because
these forward-looking statements involve known and unknown risks and
uncertainties, there are important factors that could cause actual results,
events or developments to differ materially from those expressed or implied by
these forward-looking statements. Such factors include those risks described
from time to time in Great American Group's filings with the SEC, including,
without limitation, the risks described in Great American Group's proxy
statement/prospectus filed with the SEC on July 19, 2012, and its Annual Report
on Form 10-K for the year ended December 31, 2011. These factors should be
considered carefully and readers are cautioned not to place undue reliance on
such forward-looking statements. All information is current as of the date this
press release is issued, and Great American Group undertakes no duty to update
this information.

Note Regarding Use of Non-GAAP Financial Measures

Certain of the information set forth herein, including Adjusted EBITDA, may be
considered non-GAAP financial measures. Great American Group believes this
information is useful to investors because it provides a basis for measuring
Great American Group's performance against the contingent share earnout
provisions in the AAMAC transaction. In addition, Great American Group's
management uses these non-GAAP financial measures along with the most directly
comparable GAAP financial measures in evaluating Great American Group's
operating performance, capital resources and cash flow. Non-GAAP financial
measures should not be considered in isolation from, or as a substitute for,
financial information presented in compliance with GAAP, and non-financial
measures as reported by Great American Group may not be comparable to similarly
titled amounts reported by other companies.







GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except par value)



December 31, December 31,

2012 2011

------------- -------------



Assets

Current assets:

Cash and cash equivalents $ 18,721 $ 15,034

Restricted cash 7,923 -

Accounts receivable, net 16,591 7,482

Advances against customer contracts 2,441 5,276

Inventory 2,216 -

Goods held for sale or auction 10,196 12,934

Loan receivable - 8,306

Note receivable - related parties 611 3,844

Deferred income taxes 4,114 4,460

Prepaid expenses and other current assets 1,145 1,110

------------- -------------

Total current assets 63,958 58,446

Property and equipment, net 970 916

Goodwill 5,688 5,688

Other intangible assets, net 140 140

Deferred income taxes 9,484 10,504

Other assets 343 664

------------- -------------

Total assets $ 80,583 $ 76,358

============= =============



Liabilities and Equity (Deficit)

Current liabilities:

Accounts payable and accrued liabilities $ 16,886 $ 13,718

Auction and liquidation proceeds payable 864 18

Mandatorily redeemable noncontrolling

interests 2,856 3,408

Revolving credit facility 2,304 1,942

Current portion of long-term debt 1,724 1,724

Notes payable 9,628 11,555

Current portion of capital lease obligation 13 29

------------- -------------

Total current liabilities 34,275 32,394

Capital lease obligation, net of current

portion - 13

Long-term debt, net of current portion 50,483 52,207

------------- -------------

Total liabilities 84,758 84,614

------------- -------------

Commitments and contingencies

Great American Group, Inc. stockholders'

equity (deficit):

Preferred stock, $0.0001 par value;

10,000,000 shares authorized; none issued - -

Common stock, $0.0001 par value; 135,000,000

shares authorized; 30,002,975 and

31,001,609 issued and outstanding as of

December 31, 2012 and 2011, respectively 4 4

Additional paid-in capital 3,082 3,177

Retained earnings (deficit) (7,669) (11,190)

Accumulated other comprehensive income

(loss) (520) (247)

------------- -------------

Total Great American Group, Inc.

stockholders' equity (deficit) (5,103) (8,256)

Noncontrolling interests 928 -

------------- -------------

Total equity (deficit) (4,175) (8,256)

------------- -------------

Total liabilities and equity (deficit) $ 80,583 $ 76,358

============= =============





GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except share data)



Three Months Ended

December 31, Year Ended December 31,

------------------------ ------------------------

2012 2011 2012 2011

----------- ----------- ----------- -----------

Revenues:

Services and fees $ 24,470 $ 10,480 $ 65,624 $ 60,627

Sale of goods 6,260 887 18,312 2,899

----------- ----------- ----------- -----------

Total revenues 30,730 11,367 83,936 63,526

----------- ----------- ----------- -----------

Operating expenses:

Direct cost of

services 7,814 3,845 23,911 19,749

Cost of goods sold 4,301 1,104 12,750 3,391

Selling, general and

administrative 13,679 6,098 39,834 32,946

----------- ----------- ----------- -----------

Total operating

expenses 25,794 11,047 76,495 56,086

----------- ----------- ----------- -----------

Operating income

(loss) 4,936 320 7,441 7,440

Other income (expense):

Other income (expense) - 13 - -

Interest income 15 67 201 476

Loss from equity

investment in Great

American Real Estate,

LLC (165) 153 (120) (369)

Gain from bargain

purchase - - 1,366 -

Interest expense (661) (1,011) (2,612) (4,885)

----------- ----------- ----------- -----------

Income (loss) before

benefit (provision)

for income taxes 4,125 (458) 6,276 2,662

Benefit (provision) for

income taxes (1,549) (196) (1,936) (2,060)

----------- ----------- ----------- -----------

Net income (loss) 2,576 (654) 4,340 602

Net income attributable

to noncontrolling

interests 194 - 819 -

----------- ----------- ----------- -----------

Net income (loss)

attributable to

Great American

Group, Inc. $ 2,382 $ (654) $ 3,521 $ 602

=========== =========== =========== ===========



Basic earnings (loss)

per share $ 0.08 $ (0.02) $ 0.12 $ 0.02

Diluted earnings (loss)

per share $ 0.08 $ (0.02) $ 0.12 $ 0.02



Weighted average basic

shares outstanding 28,682,975 28,681,609 28,682,975 28,539,651

Weighted average diluted

shares outstanding 29,614,252 28,681,609 29,614,252 29,408,466





GREAT AMERICAN GROUP, LLC AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

(Dollars in thousands)



Year ended December 31,

------------------------

2012 2011

----------- -----------

Cash flows from operating activities:

Net income (loss) $ 4,340 $ 602

Adjustments to reconcile net income (loss) to

net cash provided by (used in) operating

activities:

Depreciation and amortization 835 981

Provision for doubtful accounts 108 424

Impairment of goods held for sale or auction 194 159

Share-based payments - 431

Effect of foreign currency on operations (98) (14)

Noncash interest expense - 1,083

Amortization of discount on note payable - 609

Loss on equity investment in Great American

Real Estate, LLC 120 369

Gain from bargain purchase (1,366) -

Loss on disposal of assets 3 4

Deferred income taxes 1,366 1,871

Change in fair value of mandatorily redeemable

noncontrolling interests - (83)

Income allocated to mandatorily redeemable

noncontrolling interests 1,928 3,934

Change in operating assets and liabilities:

Accounts receivable and advances against

customer contracts (6,172) (7,032)

Inventory 1,618 -

Goods held for sale or auction 2,361 224

Loan receivable 8,519 (8,306)

Prepaid expenses and other assets (33) 1,093

Accounts payable and accrued expenses 1,641 3,300

Auction and liquidation proceeds payable 846 (1,694)

----------- -----------

Net cash (used in) provided by operating

activities 16,210 (2,045)

----------- -----------

Cash flows from investing activities:

Acquisition of business (1,246) -

Purchase of noncontrolling interest in

subsidiary (95) -

Purchases of property and equipment (634) (264)

Proceeds from sale of property and equipment 21 -

Decrease (increase) in notes receivable -

related party 3,233 2,706

Equity investment in Great American Real Estate,

LLC (120) (1,202)

Decrease (increase) in restricted cash (7,923) -

----------- -----------

Net cash provided by (used in) investing

activities (6,764) 1,240

----------- -----------

Cash flows from financing activities:

Proceeds from revolving line of credit 362 1,942

Proceeds from note payable - 7,000

Repayment of notes payable and capital lease

obligations (2,138) (7,786)

Repayments of long-term debt (1,724) (1,724)

Payment of employment taxes on vesting of

restricted stock - (132)

Proceeds from formation of noncontrolling

interests 78 -

Distributions to noncontrolling interests (2,466) (3,301)

----------- -----------

Net cash (used in) provided by financing

activities (5,888) (4,001)

Effect of foreign currency on cash 129 (240)

----------- -----------

Net (decrease) increase in cash and cash

equivalents 3,687 (5,046)

Cash and cash equivalents, beginning of year 15,034 -

----------- -----------

Cash and cash equivalents, end of year $ 18,721 $ (5,046)

=========== ===========





GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES

ADJUSTED EBITDA RECONCILIATION

(Dollars in thousands)



Three Months Ended

December 31,

------------------------

2012 2011

----------- -----------

Adjusted EBITDA Reconciliation:



Net income (loss) as reported $ 2,382 $ (654)



Adjustments:

Provision (benefit) for income taxes 1,549 196

Interest expense 661 1,011

Interest income (15) (67)

Depreciation and amortization 224 356

Share based compensation - -

----------- -----------



Total EBITDA adjustments 2,419 1,496

----------- -----------



Adjusted EBITDA $ 4,801 $ 842

=========== ===========





Year Ended December 31,

------------------------

2012 2011

----------- -----------

Adjusted EBITDA Reconciliation:



Net income (loss) as reported $ 3,521 $ 602



Adjustments:

Provision (benefit) for income taxes 1,936 2,060

Interest expense 2,612 4,885

Interest income (201) (476)

Depreciation and amortization 835 981

Share based compensation - 431

----------- -----------



Total EBITDA adjustments 5,182 7,881

----------- -----------



Adjusted EBITDA $ 8,703 $ 8,483

=========== ===========








Investor Contacts:



Great American Group

Phil Ahn

SVP, Strategy & Corporate Development

818-884-3737



Addo Communications

Patricia Nir

310-829-5400





SOURCE: Great American Group, Inc.

Planopenny re: GAMR

I reckon we all will be cashing in a lot more in the months to come. This stock is undervalued. They have nicely diversified their business, and the expectation of continued growth and profitability for the remainder of the year bodes well for the stock. I am expecting we could see north of $2 within a year.Back in July 2009, this was trading as high as $9.90. The stock was murdered and left for dead. Remember, that Elliot Fund owns 20% of all the shares outstanding. They have a history of being activist. I reckon they think this stock is significantly undervalued.... Here is some info on Elliot Management http://en.wikipedia.org/wiki/Elliott_Management_Corporation

I think a couple other hedge funds also own significant stakes, as well as a couple insiders. Considering the small share count & float, as well as the large & growing profitability revenues, it should not take much to move the stock price higher on only minimal volume. It appears most the sellers are gone as it is a rarity to see bid-whacking...it just may be smooth sailing north from here on out....

people watchin this one?...I could have had like 13's...damn Someone is cashing in here BIGTIME!!

Great American Group(R)* Announces Improved Second Quarter 2012 Financial Results
Print
Alert
Grt Amer Grp (OTCBB:GAMR)
Intraday Stock Chart
Today : Tuesday 14 August 2012


Great American Group, Inc. (OTCBB: GAMR)
Total revenues of $19.7 million, an increase of 100% from a year ago
Operating income of $0.8 million, versus an operating loss of $2.2 million a year ago
Net income of $0.6 million, versus a net loss of $2.2 million a year ago
Diluted earnings per share of $0.02, versus a diluted loss per share of $0.08 a year ago
Great American Group, Inc. (OTCBB: GAMR) ("Great American Group" or the "Company"), a leading provider of asset disposition, valuation and appraisal services, today announced financial results for its second quarter ended June 30, 2012.

Second Quarter Results

For the second quarter ended June 30, 2012, the Company reported total revenues of $19.7 million, an increase of 100% from revenues of $9.8 million in the second quarter of 2011. Revenues from services and fees were $13.3 million, compared to $9.6 million in the same period the prior year. Revenues from sale of goods were $6.4 million, compared to $0.3 million in the second quarter of 2011. The increase in total revenues during the quarter was primarily due to increases in the auction and liquidation segment of $6.7 million, an increase in revenues in the valuation and appraisal services segment of $0.3 million, and revenues of $2.8 million from the UK retail stores segment, as a result of the Company's investment in Shoon Trading Limited ("Shoon"), a shoe retailer with operations in the United Kingdom. This represents a new reportable segment in our financial statements.

"During the quarter we experienced improvements in our financial results from the previous year," said Andrew Gumaer, Chief Executive Officer of Great American Group. "Our enhanced performance reflects increased activity in our auction and liquidation segment from operations in the United Kingdom and contributions from our GA Keen Realty Advisors division. The new UK retail stores segment operates eleven Shoon retail stores in the United Kingdom and is complementary to our continued expansion in the UK. As we head into the second half of 2012, we remain highly focused on the execution of our business initiatives and achieving our financial objectives to position the business for continued growth and profitability."

Direct cost of services was $5.0 million, compared to $3.5 million a year ago. The increase in direct cost of services was primarily the result of an increase in the number of fee and commission engagements in the second quarter of 2012, where the Company contractually bills fees, commissions and reimbursable expenses, in the auction and liquidation segment as well as an increase in headcount which resulted in an increase in salaries, wages and benefits in the valuation and appraisal segment compared to the same period in 2011. Cost of goods sold was $4.1 million in the second quarter of 2012, compared to $0.4 million in the second quarter of the prior year. The increase in cost of goods sold in the second quarter of 2012 included costs of goods sold of $1.5 million related to retail sales from the Shoon stores located in the United Kingdom.

Selling, general and administrative expenses were $9.8 million, compared to $8.2 million in the second quarter of 2011. The increase in selling, general and administrative expenses was primarily the result of an increase of $0.5 million in the auction and liquidation segment and $1.1 million in the UK retail stores segment which is new in the second quarter as a result of the consolidation of Shoon on May 4, 2012. The increase in selling, general and administrative expenses of $0.1 million related to corporate overhead was offset by the decrease in selling, general and administrative expenses $0.1 million in the valuation and appraisal segment.

On May 4, 2012, the Company invested $0.1 million for a 40% interest in the common stock of Shoon. Shoon purchased the rights to operate the former Shoon internet business and retail stores that were in administration in the United Kingdom. As part of the investment, the Company has also loaned Shoon approximately $1.3 million that is collateralized by retail inventory. The Company, together with its 40% investment in the common stock of Shoon and its control of the majority of the board or directors, is deemed to be the primary beneficiary of Shoon. As such, for generally accepted accounting principles in the United States, the Company is required to consolidate the operations of Shoon. The results of operations of Shoon from May 4, 2012, the date of investment, through June 30, 2012, have been included in the Company's condensed consolidated statements of operations.

In addition, during the second quarter, the Company recorded a gain on bargain purchase of $1.4 million since the fair value of assets acquired in the Shoon transaction exceeded consideration paid. The gain on bargain purchase is record net of tax and is included as a separate component of other income (expense) in the condensed consolidated statements of operations.

Income from operations before provision for income taxes was $1.5 million during the second quarter of 2012, compared to loss from operations before benefit for income taxes of $3.1 million in the second quarter of 2011. Excluding the gain from bargain purchase of $1.4 million included in other income related to the investment and consolidation of Shoon, income from operation before provision for income taxes was $0.2 million during the second quarter of 2012. During the second quarter of 2012, the Company recorded a provision for income taxes of $0.1 million, compared with a benefit for income taxes of $0.9 million in the second quarter of 2011. Overall, in the second quarter of 2012, the Company generated net income of $0.6 million, or $0.02 per diluted share, compared with net loss of $2.2 million, or $0.08 per diluted share, in the second quarter of 2011.

Six Month Results

For the first six months of 2012, the Company reported total revenues of $39.0 million, compared to $23.6 million in the first six months of 2011. Revenues from services and fees were $30.2 million, compared to $22.6 million a year ago. Sales of goods were $8.8 million compared to $1.1 million in the same period of 2011.

Total operating expenses were $35.8 million, compared to $25.6 million in 2011. Operating income was $3.2 million, compared to an operating loss of $1.9 million in the prior year. Earnings from operations before income taxes were $3.3 million, compared to a loss from operations before income taxes of $2.9 million during the first six months of 2011. The Company recorded a provision for income taxes of $0.8 million during the first six months of 2012, compared to a benefit for income taxes of $0.2 million in the same period of 2011. Net income during the first six months of 2012 was $1.7 million, or $0.06 per diluted share, compared with a net loss of $2.8 million, or $(0.10) in the same period of 2011.

Financial Position

At June 30, 2012, the Company had $23.4 million in cash and cash equivalents, an increase of $8.4 million, from $15.0 million at December 31, 2011. Working capital was $29.0 million at June 30, 2012.

Conference Call

The Company will host a conference call at 4:30 p.m. EDT on Tuesday, August 14, 2012, to discuss results for the second quarter ended June 30, 2012. To participate in the event by telephone, please dial (877) 941-1427, 10 minutes prior to the start time (to allow time for registration) and use conference ID #4550214. International callers should dial (480) 629-9664. A digital replay will be available beginning August 14, 2012, at 7:30 p.m. EDT, through August 21, 2012, at 11:59 p.m. EDT. To access the replay, dial (877) 870-5176 (U.S.), and use passcode 4550214. International callers should dial (858) 384-5517 and enter the same passcode. The call will also be broadcast over the Internet and can be accessed on the Investor Relations section of the Company's Web site at www.greatamerican.com. To listen to the webcast, please visit the site at least 15 minutes prior to the start of the call in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Web site.

About Great American Group, Inc.

Great American Group, Inc. is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Charlotte, Chicago, Dallas, London, Los Angeles, New York and San Francisco. For more information, please visit www.greatamerican.com.

*Great American Group and the Eagle Design are trademarks registered in the US Patent and Trademark Office and are exclusive property of Great American Group, Inc.

Forward-Looking Statements

This press release may contain forward-looking statements by Great American Group that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in Great American Group's filings with the SEC, including, without limitation, the risks described in Great American Group's proxy statement/prospectus filed with the SEC on July 19, 2012, and its Annual Report on Form 10-K for the year ended December 31, 2011. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and Great American Group undertakes no duty to update this information.

Note Regarding Use of Non-GAAP Financial Measures

Certain of the information set forth herein, including Adjusted EBITDA, may be considered non-GAAP financial measures. Great American Group believes this information is useful to investors because it provides a basis for measuring Great American Group's performance against the contingent share earnout provisions in the AAMAC transaction. In addition, Great American Group's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating Great American Group's operating performance, capital resources and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by Great American Group may not be comparable to similarly titled amounts reported by other companies.

GAMR-F

(FINANCIAL TABLES FOLLOW)



GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Dollars in thousands, except par value)

June 30, December 31,
2012 2011
(Unaudited)
------------- -------------
Assets
Current assets:
Cash and cash equivalents $ 23,435 $ 15,034
Restricted cash 100 -
Accounts receivable, net 5,816 7,482
Advances against customer contracts 4,917 5,276
Inventory 2,331 -
Goods held for sale or auction 10,286 12,934
Loan receivable 779 8,306
Note receivable - related party 3,750 3,844
Deferred income taxes 4,895 4,460
Prepaid expenses and other current assets 961 1,110
------------- -------------
Total current assets 57,270 58,446
Property and equipment, net 960 916
Goodwill 5,688 5,688
Other intangible assets, net 140 140
Deferred income taxes 9,915 10,504
Other assets 1,022 664
------------- -------------
Total assets $ 74,995 $ 76,358
============= =============
Liabilities and Equity (Deficit)
Current liabilities:
Accounts payable and accrued liabilities $ 11,703 $ 13,718
Auction and liquidation proceeds payable 625 18
Mandatorily redeemable noncontrolling
interests 2,562 3,408
Revolving credit facility 2,044 1,942
Current portion of long-term debt 1,724 1,724
Note payable 9,577 11,555
Current portion of capital lease obligation 28 29
------------- -------------
Total current liabilities 28,263 32,394
Capital lease obligation, net of current portion - 13
Long-term debt, net of current portion 52,207 52,207
------------- -------------
Total liabilities 80,470 84,614
------------- -------------
Commitments and contingencies
Great American Group, Inc. stockholders' equity
(deficit):
Preferred stock, $0.0001 par value; 10,000,000
shares authorized; none issued - -
Common stock, $0.0001 par value; 135,000,000
shares authorized; 30,002,975 and 31,001,609
issued and outstanding as of June 30, 2012
and December 31, 2011, respectively 4 4
Additional paid-in capital 3,082 3,177
Retained earnings (deficit) (9,504) (11,190)
Accumulated other comprehensive income (loss) 16 (247)
------------- -------------
Total Great American Group, Inc.
stockholders' equity (deficit) (6,402) (8,256)
Noncontrolling interests 927 -
------------- -------------
Total equity (deficit) (5,475) (8,256)
------------- -------------
Total liabilities and equity (deficit) $ 74,995 $ 76,358
============= =============



GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES
Condensed Consolidated Statement of Operations and Comprehensive Income
(Loss)
(Dollars in thousands, except share data)

Three Months Ended Six Months Ended
June 30, June 30,
------------------------ ------------------------
2012 2011 2012 2011
----------- ----------- ----------- -----------

Revenues:
Services and fees $ 13,298 $ 9,569 $ 30,198 $ 22,572
Sale of goods 6,353 262 8,773 1,075
----------- ----------- ----------- -----------
Total revenues 19,651 9,831 38,971 23,647
----------- ----------- ----------- -----------
Operating expenses:
Direct cost of
services 5,001 3,479 11,253 8,291
Cost of goods sold 4,128 405 6,277 1,313
Selling, general and
administrative
expenses 9,758 8,160 18,277 15,951
----------- ----------- ----------- -----------
Total operating
expenses 18,887 12,044 35,807 25,555
----------- ----------- ----------- -----------
Operating income
(loss) 764 (2,213) 3,164 (1,908)
Other income (expense):
Other expense - (6) - (10)
Interest income 77 153 156 290
Income (loss) from
equity investment in
Great American Real
Estate, LLC (40) (416) (120) (348)
Gain from bargain
purchase 1,366 - 1,366 -
Interest expense (646) (625) (1,273) (953)
----------- ----------- ----------- -----------
Income (loss) before
income taxes 1,521 (3,107) 3,293 (2,929)
(Provision) benefit for
income taxes (57) 858 (762) 154
----------- ----------- ----------- -----------
Net income (loss) 1,464 (2,249) 2,531 (2,775)
Net income attributable
to noncontrolling
interests 845 - 845 -
----------- ----------- ----------- -----------
Net income (loss)
attributable to
Great American
Group, Inc. $ 619 $ (2,249) $ 1,686 $ (2,775)
=========== =========== =========== ===========

Basic income (loss) per
share $ 0.02 $ (0.08) $ 0.06 $ (0.10)
Diluted income (loss)
per share $ 0.02 $ (0.08) $ 0.06 $ (0.10)

Weighted average basic
shares outstanding 28,682,975 28,460,392 28,682,292 28,410,908
Weighted average diluted
shares outstanding 29,599,424 28,460,392 29,598,741 28,410,908

Comprehensive income
(loss):
Net income (loss) $ 1,464 $ (2,249) $ 2,531 $ (2,775)
Other comprehensive
income (loss):
Change in cumulative
translation
adjustment 52 (110) 263 (130)
----------- ----------- ----------- -----------
Other comprehensive
income (loss), net of
tax 52 (110) 263 (130)
----------- ----------- ----------- -----------
Comprehensive income
(loss) 1,516 (2,359) 2,794 (2,905)
Comprehensive income
attributable to
noncontrolling
interests (845) - (845) -
----------- ----------- ----------- -----------
Comprehensive income
attributable to Great
American Group, Inc. $ 671 $ (2,359) $ 1,949 $ (2,905)
=========== =========== =========== ===========



GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES
Condensed Consolidated Statement of Equity (Deficit)
(Dollars in thousands, except share data)



Preferred Stock Common Stock
----------------- ---------------------
Additional
Paid-in
Shares Amount Shares Amount Capital
-------- -------- ----------- -------- ----------

Balance, January 1,
2012 - $ - 31,001,609 $ 4 $ 3,177
Net income for the six
months ended June 30,
2012
Foreign currency
translation adjustment
Formation of
noncontrolling
interests
Cancellation of
founders contingent
shares held in escrow (1,000,000)
Purchase of
noncontrolling
interest in subsidiary (95)
Changes in
noncontrolling
interests
Adjustment from
restricted stock
awards 1,366
-------- -------- ----------- -------- ----------
Balance, June 30, 2012 - $ - 30,002,975 $ 4 $ 3,082
======== ======== =========== ======== ==========









Accumulated
Retained Other Total
Earnings Comprehensive Noncontrolling Equity
(Deficit) Loss Interests (Deficit)
--------- ------------- -------------- ----------

Balance, January 1,
2012 $ (11,190) $ (247) $ - $ (8,256)
Net income for the six
months ended June 30,
2012 1,686 845 2,531
Foreign currency
translation adjustment 263 263
Formation of
noncontrolling
interests 78 78
Cancellation of
founders contingent
shares held in escrow -
Purchase of
noncontrolling
interest in subsidiary (95)
Changes in
noncontrolling
interests 4 4
Adjustment from
restricted stock
awards -
--------- ------------- -------------- ----------
Balance, June 30, 2012 $ (9,504) $ 16 $ 927 $ (5,475)
========= ============= ============== ==========



GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES
Condensed Consolidated Statement of Cash Flows
(Dollars in thousands)

Six Months Ended
June 30,
----------------------
2012 2011
---------- ----------
Cash flows from operating activities:
Net income (loss) $ 2,531 $ (2,775)
Adjustments to reconcile net income (loss) to net
cash provided by (used in) operating activities:
Depreciation and amortization 410 439
Impairment of goods held for sale or auction 122 -
Share-based payments - 421
Effect of foreign currency on operations 405 (118)
Non-cash interest (3) (580)
Loss (income) from equity investment in Great
American Real Estate, LLC 120 416
Gain from bargain purchase (1,366) -
Loss on disposal of assets 2 3
Deferred income taxes 154 (159)
Income allocated to mandatorily redeemable
noncontrolling interests 992 1,393
Change in operating assets and liabilities:
Accounts receivable and advances against
customer contracts 2,025 894
Inventory 1,421 -
Goods held for sale or auction 2,431 665
Loan receivable 7,527 -
Prepaid expenses and other assets (206) (388)
Accounts payable and accrued expenses (3,233) (1,949)
Auction and liquidation proceeds payable 607 (1,405)
---------- ----------
Net cash provided by (used in) operating
activities 13,939 (3,143)
---------- ----------
Cash flows from investing activities:
Acquisition of business (1,246) -
Purchase of noncontrolling interest in subsidiary (95) -
Purchases of property and equipment (297) (233)
Decrease in note receivable - related party 94 2,706
Increase in note receivable - (2,409)
Equity investment in Great American Real Estate,
LLC (120) (156)
Increase in restricted cash (100) -
---------- ----------
Net cash used in investing activities (1,764) (92)
---------- ----------
Cash flows from financing activities:
Repayments of capital lease obligations (14) (13)
Proceeds from revolving line of credit 102 2,290
Repayments of notes payable (1,978) -
Payment of employment taxes on vesting of
restricted stock - (108)
Proceeds from formation of noncontrolling
interests 78 -
Distribution to noncontrolling interests (1,824) (1,612)
---------- ----------
Net cash (used in) provided by financing
activities (3,636) 557
---------- ----------
Increase (decrease) in cash and cash
equivalents 8,539 (2,678)
Effect of foreign currency on cash (138) (12)
---------- ----------
Net increase (decrease) in cash and cash
equivalents 8,401 (2,690)
Cash and cash equivalents, beginning of period 15,034 20,080
---------- ----------
Cash and cash equivalents, end of period $ 23,435 $ 17,390
========== ==========
Supplemental disclosures:
Interest paid $ 1,275 $ 193
Taxes paid 278 -



GREAT AMERICAN GROUP, INC. AND SUBSIDIARIES
Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization
(Unaudited)
(Dollars in thousands)

Three Months Ended Six Months Ended
June 30, June 30,
-------------------- --------------------
2012 2011 2012 2011
--------- --------- --------- ---------
Adjusted EBITDA Reconciliation:

Net income (loss) as reported $ 619 $ (2,249) $ 1,686 $ (2,775)
Adjustments:
Provision (benefit) for income
taxes 57 (858) 762 (154)
Interest expense 646 625 1,273 953
Interest income (77) (153) (156) (290)
Depreciation and amortization 209 218 410 439
Share based compensation - 63 - 421
--------- --------- --------- ---------
Total EBITDA adjustments 835 (105) 2,289 1,369
--------- --------- --------- ---------

Adjusted EBITDA $ 1,454 $ (2,354) $ 3,975 $ (1,406)
========= ========= ========= =========

Investor Contacts:

Great American Group

Phil Ahn

SVP, Strategy & Corporate Development

818-884-3737



Addo Communications

Andrew Greenebaum

310-829-5400

Email Contact

Great American Group Begins COPIA Auction With Gift Shop Opening To The Public ... - TheStreet.com (press release)





News for 4-16-2012




Great American Group Begins COPIA Auction With Gift Shop Opening To The Public ...
TheStreet.com (press release)
By Business Wire 04/13/12 - 03:00 PM EDT Great American Group, LLC (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, has been selected to manage the live webcast auction of all items housed inside COPIA: The ...

and more »

4/13/2012 02:05 PM

http://news.google.com/news/more?pz=1&ned=us&ncl=dIcfq_026BqyArM


Penny Stock Tweets now has 1,653 "REAL" Active Penny Stock Traders - Are you reaching this FOCUSED audience? http://www.pennystocktweets.com
http://www.youtube.com/user/PennyStockTweets1/videos

<<< $GAMR Links! >>> ~ MAC's Quick DD Links without the charts.




PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/GAMR


OTC Markets Company Info ~ http://www.otcmarkets.com/stock/GAMR/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/GAMR/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/GAMR/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/GAMR/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/GAMR/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/GAMR/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/GAMR/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/GAMR/research


Google Finance Summary ~ http://www.google.com/finance?q=GAMR
Google Finance News ~ http://www.google.com/finance/company_news?q=GAMR
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=GAMR
Google Finance Financials ~ http://www.google.com/finance?q=GAMR&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=GAMR
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=GAMR&histperiod=weekly#


Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=GAMR+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=GAMR+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=GAMR+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=GAMR
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=GAMR+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=GAMR+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/GAMR
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/GAMR
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=GAMR+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=GAMR+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=GAMR+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=GAMR+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=GAMR+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=GAMR+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=GAMR+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=GAMR+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=GAMR+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=GAMR+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=GAMR+Cash+Flow&annual


FINVIZ ~ http://finviz.com/quote.ashx?t=GAMR&ty=c&ta=0&p=d


Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=GAMR
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=GAMR
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=GAMR
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GAMR
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=GAMR
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=GAMR&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260


CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=GAMR&exchange=US


Barchart Quote ~ http://barchart.com/quotes/stocks/GAMR?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/GAMR
Barchart Options Quotes ~ http://barchart.com/options/stocks/GAMR
Barchart Technical Chart ~ http://barchart.com/charts/stocks/GAMR&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/GAMR&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/GAMR
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=GAMR
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/GAMR
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/GAMR
Barchart News Headlines ~ http://barchart.com/news/stocks/GAMR
Barchart Profile ~ http://barchart.com/profile//GAMR
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=GAMR&view=key_statistics


OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=GAMR&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=GAMR&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=GAMR&MarketTicker=NYSE&Typ=S


Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/GAMR/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/GAMR/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/GAMR/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/GAMR/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/GAMR
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/GAMR/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/GAMR/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/GAMR/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/GAMR/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/GAMR/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/GAMR/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=GAMR&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=GAMR


Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=GAMR


StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=GAMR&num1=567&cobrand=&mode=stock


StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=GAMR
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=GAMR


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=GAMR&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=GAMR.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=GAMR®ion=U


Search NASDAQ ~ http://www.nasdaq.com/symbol/GAMR
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/GAMR/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/GAMR/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/GAMR/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=GAMR&selected=GAMR
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=GAMR&selected=GAMR
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/GAMR/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/GAMR/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/GAMR/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/GAMR/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/GAMR/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/GAMR/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/GAMR/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/GAMR/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/GAMR/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/GAMR/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/GAMR/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/GAMR/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/GAMR/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/GAMR/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=GAMR&selected=GAMR
NASDAQ Financials ~ http://www.nasdaq.com/symbol/GAMR/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/GAMR/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/GAMR/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/GAMR/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/GAMR/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/GAMR/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/GAMR/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/GAMR/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/GAMR.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/GAMR/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/GAMR/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/GAMR/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/GAMR/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/GAMR/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/GAMR/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=GAMR


YCharts ~ http://ycharts.com/companies/GAMR
YCharts Performance ~ http://ycharts.com/companies/GAMR/performance
YCharts Dashboard ~ http://ycharts.com/companies/GAMR/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=GAMR&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=GAMR&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=GAMR&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=GAMR


Zacks Quote ~ http://www.zacks.com/stock/quote/GAMR
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=GAMR
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=GAMR


Knobias ~ http://knobias.10kwizard.com/files.php?sym=GAMR


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=GAMR


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/GAMR/HOT_TOPIC.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=GAMR&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=GAMR®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=GAMR®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=GAMR®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=GAMR®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=GAMR®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=GAMR


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=GAMR


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=GAMR&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=GAMR&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=GAMR
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=GAMR&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=GAMR


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=GAMR


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=GAMR


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=GAMR

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=GAMR
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=GAMR

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=GAMR

Investorpoint ~ http://www.investorpoint.com/ enter "GAMR" and click search.

Hotstocked ~ http://www.hotstocked.com/ enter "GAMR" and click search.

Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=GAMR

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=GAMR

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=GAMR

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=GAMR

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=GAMR

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "GAMR" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=GAMR&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=GAMR
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=GAMR
Check those searches for recent GAMR mentions. If GAMR is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS



MACDlinks

Great American Group Manages Going-Out-Of-Business Sales at Pierre Deux Stores Nationwide Starting Today
| 10:42 AM |

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, today announced it will be managing the going-out-of-business sale of all Pierre Deux stores. A retail chain of French furnishing stores that operated across 13 states, Pierre Deux ceased business operations and filed for Chapter 7 bankruptcy protection on June 23 of this year. Pierre Deux embraces the warmth and welcome of French Country t



Related News: Similar Content http://feeds.businesswire.com/click.phdo?i=7b39005efe43102157265af77fe83d38#rssowlmlink

GAMR Security Details
Share StructureMarket Value1 $3,388,037 a/o Aug 10, 2011
Shares Outstanding 30,800,334 a/o May 10, 2011
Float Not Available
Authorized Shares Unlimited a/o
Par Value 0.0001
http://www.greatamerican.com/

Form 13D filed today.

Elliott International etall now own 19.9% of the OS, 6,129,000 shares.
They were in the market buying 2,595,200 shares Aug 1 - 3 when folks were dumping ...lol.

I do suspect they were also in buying yesterday, a million plus went off @ the ask of .12.
Waiting for the next form 4 to show up.

They have obvious confidence in the company with a lot of skin in the game!!
That bolsters confidence in my small holdings...

bought a starter position here, nice insider buys few days ago at 0.08

Can't believe someone is selling here after 1 million plus hitting the ask....
Scaring up shares?

Yup Sola, this is gonna fly soon.. Vol and chart is looking sweet just gotta get BTIG outta the way

Big blocks slamming the ask....folks giving away shares to the insiders at this level....idiots...imo.
Follow the money (insiders) & volume...chart is looking b e a uti ful!!

Should be buying when the insiders are buying, Not selling...
2 more Form 4's Filed on Friday, 845200 shares bought @ .08!!
After buying 700k shares on 1st of Aug @ .06 - .065.
Check my post Friday...insiders were / are buying, sure looks like they are in the market today as well.
100k @ .10 followed by more blocks here @ .11.
This continues it will be back to .18 in short order...imo.

good trade man

I got out at .10 boys and girls.

After reading the 8K seems like they have some debt? I may have been misreading, but someone else may have better info then myself...

GL all...and remember...

TAKE PROFITS!

Insider buying undervalued shares....ie Form 4 filed.
8k is a positive statement about the company...imo...
Should return back to the teens quickly with the current buying..

GAMR 8-K.





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 8-K





CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 26, 2011





GREAT AMERICAN GROUP, INC.

(Exact name of registrant as specified in its charter)







Delaware 000-54010 27-0223495

(State or other jurisdiction

of incorporation)


(Commission

File Number)


(IRS Employer

Identification No.)


21860 Burbank Boulevard, Suite 300 South

Woodland Hills, California
91367
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (818) 884-3737

N/A

(Former name or former address, if changed since last report)





Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 1.01. Entry Into a Material Definitive Agreement

On July 26, 2011 and August 3, 2011, Great American Group, Inc. (the “Company”) entered into individual waivers and amendments with certain Phantom Equityholders, including executive officers of the Company, which extended the payment date for $1,418,230.70 of the $1,724,124.58 of principal amount originally due and payable on July 31, 2011. Of the $1,418,230.70 principal amount that was originally due on July 31, 2011, two of the Phantom Equityholders extended the payment date for an aggregate amount $648,863.72 until August 31, 2011, one of the Phantom Equityholders extended the payment for an aggregate amount of $296,623.41 until October 15, 2011, and the two other Phantom Equityholders extended the payment date for an aggregate amount $472,743.57 until December 15, 2011. Interest will accrue at each of the notes respective note rates until the principal amount is paid. The Company continues to have the right to prepay the extended amounts prior to extended due dates.

In addition, effective July 31, 2011, the Company entered into individual amendments that increased the principal amount of the promissory notes with Andy Gumaer and Harvey Yellen, the two former Great American Members, both of whom are executive officers and directors of the Company, by an aggregate amount of $1,762,360.20 of accrued interest that was originally due on July 31, 2011. The addition to the principal amount will accrue interest at the note rate of 3.75% and continue to be subject to annual prepayments based upon the Company’s cash flow and the maintenance of a minimum adjusted cash balance as provided in the notes prior to the capitalization of the accrued interest. As a result, the principal balance of the promissory notes to the two former Great American Members increased from an aggregate amount of $46,996,272.05 to $48,758,632.25.

The preceding summary of the material provisions of the Phantom Equityholder waivers is qualified in its entirety by reference to the complete text of the form of Phantom Equityholder waivers which is filed as Exhibit 10.1 to this current report on Form 8-K. The preceding summary of the material provisions of the amendment to the Great American Member promissory notes is qualified in its entirety by reference to the complete text of the form of amendment to the Great American Member promissory notes which is filed as Exhibit 10.2 to this current report on Form 8-K.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference to this Item.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth in Item 1.01 above is incorporated by reference to this Item.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits




Exhibit

No.
Description

10.1 Form of Waiver to Subordinated Unsecured Promissory Note with Phantom Equityholders

10.2 Form of Amendment No. 2 to Subordinated Unsecured Promissory Note, effective July 31, 2011, by and between the Company and each of the Great American Members

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




August 4, 2011
GREAT AMERICAN GROUP, INC.

By:

/s/ PAUL S. ERICKSON
Name: Paul S. Erickson
Title: Chief Financial Officer

Exhibit Index




Exhibit

No.
Description

10.1 Form of Waiver to Subordinated Unsecured Promissory Note with Phantom Equityholders

10.2 Form of Amendment No. 2 to Subordinated Unsecured Promissory Note, effective July 31, 2011, by and between the Company and each of the Great American Members
Grt Amer Grp (OTCBB:GAMR)
Historical Stock Chart

1 Year : August 2010 to August 2011
Click Here for more Grt Amer Grp Charts.
Grt Amer Grp (OTCBB:GAMR)
Intraday Stock Chart

Today : Friday 5 August 2011

This is a nice bounce play if nothing else works out. They have decent $$flow...should be trading higher soon

The news seems fine...it's what they do.

If anything, during this economy a company like GAMR could actually do well considering they buy/take in the retail companies who are failing.

As far as the 8K goes I have not read it yet...

Whats your take on the news released today and the 8-k?

Same belive it will as company has cashflow but market is slow to react

Still expecting a bounce here and sooner than later...

Will absolutely be keeping my eyes on GAMR.

Look like some Dilution going yesterday and today.imo

750,000 share at 0.065 = $48,750 sell

Looking and watching myself for a bounce..