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news!!!
GREM USA Announces Progress of Merger Negotiations; Continues Pursuit of OEM AgreementsFont size: A | A | A9:00 AM ET 10/8/08 | Market Wire
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7:55 PM ET 10/7/08
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GREM USA (OTCBB: GRMU) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced the progress of ongoing merger negotiations.
Since June, the Company has been actively engaged in both formal and informal discussions with entities interested in exploring a potential merger. Although GREM management believes that many of these discussions have been productive, they have not yet resulted in an initial agreement that the Company would be able to disclose to shareholders. Both of the initial companies expressing an interest in a merger are significantly larger than GREM, which has created additional logistical challenges to coordinate various proposals with decision makers and their respective boards and/or committees.
While GREM has held discussions with top-tier instrument companies to pursue post-merger synergies, management has determined it to be in the interest of shareholders to also entertain opportunities in other industries to best position the Company for the highest-value transaction possible. Management remains optimistic that a firm agreement with either of the two instrument manufacturers can still be reached within the current calendar year.
Pertinent to the Company's custom hand-crafted guitar business, GREM continues to explore avenues to diversify its sales channels and increase margins. Specifically, the Company has successfully made inroads into developing OEM (original equipment manufacturer) relationships whereby GREM, as a third-party, would produce equipment branded by another manufacturer. The Company has been working to forge these partnerships for over the last year and management is confident that it will result in a manufacturing agreement able to be disclosed over the near term.
About GREM USA
GREM USA is a publicly traded company focusing on design and manufacturing of custom hand-crafted and electric guitars. For more information, visit our website at http://gremusa.com/.
This press release contains certain "forward-looking"
dropped as fast as it went up! ha ha. go bihc!!!
good morning
you mean no mm wants to pay us (individual investors) more than .02 for our shares but the cheapest they would sell to us is .025
does a large spread between bid and ask (.02bid .025 ask) signal anything??
Go back and read friday afternoon,s messages as we discussed this exact topic for at least an hour. Although that might cause more confusion! Glty imo emo lol
Anyone please correct me if I am wrong. The bid is the price a mm will pay you for your shares and not what joe shmo investor wants to buy at. Imo eom
good morning to you and to all bihc fanatics! tuesday rhymes with newsday, but that is as far as i go with it! go go bihc!
Here here slaz. That statement is exactly what has kept me patient through this. That and Galo does what he says. I have faith that our ceo knows how to handle this and is doing it the right way like he has in the past. Imo
besides the talk of volume and that one sell, you repeated what i said. i guess we agree? go bihc
lol, so true, so true
is an otcbb stock considered a pink??
welcome crable and gatorhistory. i hope you guys can help unravel (sp?) this mystery of Grem. I havent lost a whole lot cuz i didnt invest a whole lot but would sure like to see some green know what i mean???
he got 1.5 because that was the bid. geez louise! your buy price is the ask and your sell price is bid, unless you are patient and get lucky or whatever, investors (we) dont buy and sell from each other, we buy from mm's (ask) and sell to mm's (bid, what the mm is willing to pay you for your shares. ) i can go all night or atleast till my free posts run out, but then i get refilled at midnight!! woo hoo!! bid ask bid ask , where is my beer.......btw BIHC RULES AND YOU KNOW THIS MAN!!!
No no no. Bid and ask are what mm's are willing to buy or sell investors shares at. Sure you can get filled or sell in between if an mm wants to but your bid isn't represented as the bid on L2. It is what the mm's bid is to buy shares from us. That is what I'm saying. I think. My head is spinning I need to lay down!! Imo
Yes! He shoots he scores!how does level 2 look right now??
Slaz let me try here. The bid is what an mm will buy your shares for and ask is what an mm will charge you to buy. Putting a bid to buy in between bid and ask will not raise the bid unless it is a mm raising their bid. Am I right?? Go bihc
i like your way of thinking! back to 3's with little volume! go bihc!
once again pinksheets.com comes up. here is an old post.
I searched and searched for this message
Posted by: bluser Date: Tuesday, June 03, 2008 2:18:20 PM
In reply to: None Post # of 16450
Cris Galo responded to my email concerning updating pinksheets:
" We have given Pink Sheets all of our updated information. They require a several thousand dollar fee to remove the rating in another words it is equal to extortion and I will not participate in such a scheme."
So BIHC has done there job updating the info now pink sheets needs to do there job by posting this info.
hit .025 right off the bat
how is the rest of L2 stacking up? good morning bihc!!
Why does it look like we will run today? U see something?
i followed you all day long as i do everyday, while im working away checking for new posts with my blackberry. just waiting paitiently like everyone else. thanks for your involvement in keeping me informed through the day. go bihc baby!
I thought I heard that date somewhere before!
last prediction from our doc was right on the money. prediction for news this week wasnt from him, however the week isnt over! ;0)
"word is we will get a NICE pr on or before 9-23" quote the GD
ha ha! i will polish my clubs and shine my shoes asap!!
LOL! I love posts about butt wiping!! Anyways, my view, not that anyone should care, is that our ceo Cris Galo has done nothing but be honest to us investors as long as I have been in this (prsu days, aaaaaahh glorious prsu) and have enjoyed the fruits of his hard work to this point. People that panic over lack of news should sit back and open a cold one, read the past pr's , and posts by the majority positive posters (who in my opinion have done excellent and extensive dd) and take time to really think about what is going on. Dont put your kids' college savings on the line or your 401k for that matter in hopes that this stock makes you a millionare in one week. Need to always be smart and saavy about all investments or gambling! I dont have a lot of experience in the market, but I have learned a lot from the people here on this board. Nobody has been able to come in here and prove that the facts of our company have been false or that any dumping is going on. Heck, a stock divy was paid last year just like Cris said, even though i missed the boat, that says a lot to me. I happily hold my shares and will do so until, well, I honestly dont know the end to that statement. I guess until I play a celebratory round of golf with Quick18Holes since he lives down the road from me!! Ups happen, and downs happen. In the end we will be happy we stuck around for what Cris Galo has generated for our support of being shareholders. Go bihc, go baby GO!
man thats weird!! if you drop the "about" in the address, then the more simplistic and amateur site comes up. hmm, a glitch???? whatever! just a little lotto play for me anywho! crook or no crook ceo, those are some damn nice looking guitars!
I've been here since it was prsu. Not a whole lot of shares but as much as I can afford. My funds clear thursday and I can't wait to add. I'm here till I pay off my debt! Go bihc go baby go!
Yeah I saw that too. What the heck is up with that? Tell us something Ed!!
Alright, I wasnt going to add to my position but at these prices I drooled all over my keyboard and transferred some funds. Unbelievable why anyone would sell this. Patience is a virtue, good things come to those who wait, and all that stuff. Go BIHC go!!
What we have here is a reputable company in Baron and a great ceo in Galo. A ceo that has proven his worthiness to shareholders by doing what he says he will! Rock on BIHC!
Where is Paula Abdul when we need her?? Anyone still letting this stock rot away in their portfolio like me?? Is Klegg even doing anything these days??
I never get tired of reading all of those wonderful facts. Looking forward to more facts $$$! GO BIHC!!!
Wait....is it spelled chris,cris,kriss,qris,chryss,or ed?? Lol. Go bihc go go go!
Lmfao!!! Priceless! Mystery solved!
Yeah! Now that sounds like a good time!
Hey quick! How about a L2 update? Thx
Very true. Higher highs and higher lows. Bihc strong like bull!