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maybe we'll get some kind of update this afternoon?
bid/ask slowly moving up today. now 11/12
not pinksheets. fully reporting OTCBB stock
O/S count is the same as before this started.. stop lying to people.
again, this is an expected (to those who know how stocks move) correction/consolidation before another leg up can begin. No O/S increase, and outstanding news. Any news where Ed isn't involved with Grem anymore is great news IMO.
My buying/holding of this stock is based upon Greg's expertise as a luthier. He makes, from all accounts, some really kick@ss guitars.
it has to consolidate before a run can continue. stocks don't just shoot up vertical without falling and rising multiple times.
it hasn't tested the very bottom yet IMO
they're gonna take it down to get shares IMO
looks like we will test the very bottom before moving back up.
it'll end up where it started today IMO
looks like it's time for another move up.
it would appear so...this is how it behaved Friday before it moved up
some, not all. I've re-purchased some at these lower levels, but I'll buy back in at a lower price. we haven't seen a really large dip yet. This run is just beginning IMO.
all you have to do is look at buys and sells to see what's happening here. everybody needs to relax and take a deep breath, and analyze what is going on.
down on very small volume relative to the amount of shares traded today.
MM's are playing here. that was walked down on very low volume compared to what has traded today.
patience folks, a rise needs a few dips to maintain momentum and bring new investors onboard on the way up.
new HOD...here comes the last 1/2 hour
with an o/s below 500mln I would say .03 is still thinking a bit small. IMO of course.
this will go way above .002 before this is over. we haven't even started yet IMO
@ .0012 already
I would agree...anybody have today's O/S count?
FORT WAYNE, IN--(MARKET WIRE)--Jun 6, 2008 -- GREM USA (OTC BB:GRMU.OB - News) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced that the Company has commenced introductory merger talks with a nationally-recognized top-tier guitar manufacturer ("the Manufacturer").
The Manufacturer, who will be disclosed at a later date upon formal agreement of a letter of intent, is widely recognized as a leading producer of guitars throughout the United States and worldwide. The Manufacturer has existing profitable revenues in the tens of millions of dollars, complete and audited financial statements, and is believed to meet the requirements for listing on NASDAQ National Market.
The purpose of the merger would be to afford the Manufacturer the acquisition of a complementary business vehicle to which it may use to access public markets and expand its shareholder base. The benefits of undertaking this transaction with GREM specifically include its existing fully reporting status, its Fort Wayne, Indiana production facility (which could produce significantly more yield with the assistance of the Manufacturer), significant tax advantages to the Manufacturer, and the strong brand recognition of GREM guitars in the high-end market. GREM would intend to continue producing guitars in Fort Wayne, Indiana and would inherit thousands of additional distribution channels for its custom guitars. It is anticipated that the Manufacturer would absorb GREM liabilities as part of the merger terms. Although GREM is envisioned to be the surviving entity, current GREM officers and directors would be replaced by officers and directors of the Manufacturer, resulting in a complete change of control of the Company.
The Company wishes to emphasize that the process is in its initial stages and may take many months to complete, if at all. Considering such, management believes the impact of the proposed transaction to be extremely beneficial to common shareholders. A completed agreement would offer the opportunity for our shareholders to become a part of a mature, profitable company expected to be listed on a major national exchange. Although a share consolidation would be necessary, it is the belief of GREM management that the Manufacturer possesses strong fundamentals and would have little difficulty attracting investment interest into the new entity and maintaining a market capitalization necessary for continued listing on the NASDAQ.
President of GREM USA, Edward Miers, commented, "We're excited about the beginning of this process, and believe it could be a historic transaction in the US markets. Everyway we've looked at this, it makes a lot of sense. Given our current market capitalization of fewer than 500 thousand dollars, we think the merger process with a Manufacturer of this magnitude would add substantial value to our shareholders. If we are able to consummate this process, it would effectively result in GREM shareholders, who may have acquired our shares while we were valued at a couple hundred thousand dollars... a million dollars... or even several million dollars, to own a near-proportionate interest in a Manufacturer that could easily be expected to garner capitalizations exponentially higher than levels GREM has ever achieved. We believe this transaction would result in all shareholders experiencing a considerable appreciation in the value of their holdings, and that's why we're going to work diligently to make this transaction a reality."
Although GREM management believes this proposed merger is achievable, investors are cautioned that there is no guarantee that the described merger will take place, and are also apprised that it would further require a legal and regulatory process of an indeterminate timeframe. Shareholders are encouraged to carefully read the provisions at the bottom of this release concerning 'forward-looking statements.' GREM will release announcements regarding the proposed merger as they become available.
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" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts are forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties. There can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company's ability to consummate and complete operations, the Company's access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
Contact:
Contact:
GREM USA
Edward Miers
260-456-2354
bid's @ 6 and rising. watch LII
maybe afterhours news of some kind? or maybe EOD?
ask 1 @ 5
1@8
ARCA up on 9
4x7
5x7 now
That situation would definitely make sense. I'm really quite interested, and have been for some time, as to what the increased IR expenses have been.....
Whether they could engineer the PPS drop, I dunno. I will be interested to see the new O/S count released on their website this month to see if it has increased significantly or if at all since there was no increase in shares at all from April to May. I guess we will only see in the near future if this begins to move up or not.
There is certainly no reason why, with the debt now pushed out to 2011 and only 1.3 bln shares on the market that this should be sitting @ 0001 IMO
perchance the MM's are playing around here? couldn't be eh? cuz that NEVER happens...
that's how I read it as well, we all knew they have been negotiating this for a while. good to see it has come out favorably.
anybody hear from Ed or Greg?
yes...I think that's what is showing for most people right now. both etrade and schwab show buys at 2, but an ask of 1 for me.
speaking of which, has anyone talked to the TA recently?
just requires a PR of some kind imo
they (the company) don't sell shares in to the market, nor have they issued a cd in more than three years. please be accurate and not misleading to people. no change in o/s from april to may either.
THREE MONTHS ENDED MARCH 31, 2008 COMPARED TO THREE MONTHS ENDED MARCH 31, 2007
Revenues for the three months ended March 31, 2008 were $994,054 compared to $991,857 for the three months ended March 31, 2007, an increase of $2,197. ASII generates its revenues through software licenses, hardware, post customer support arrangements and other services. CGM-AST generates its revenue through the manufacture and distribution of indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers as well as a number of highly specialized authentication products.
Cost of revenue for the three months ended March 31, 2008 was $305,432 compared to $279,761 for the three months ended March 31, 2007 an increase of $25,671 or 9%. Cost of revenue sold as a percentage of revenue for the three months ended March 31, 2008 was 31% of total revenues.
Operating expenses for the three months ended March 31, 2008 were $765,310 compared to $651,147 for the three months ended March 31, 2007, an increase of $114,163 or 17.5%. This increase was mainly attributable to an increase in investor relation and legal expenses.
General and Administrative expenses for the three months ended March 31, 2008 were $647,311 compared to $528,460 for the three months ended March 31, 2007 for an increase of $118,851 or 22%. This increase was mainly attributable to an increase in investor relation and legal expenses.
Sales and Marketing expenses for the three months ended March 31, 2008 were $95,301 compared $95,026 for the three months ended March 31, 2007 for an increase of $275.
Research and development expenses for the three months ended March 31, 2008 were $22,698 compared to $27,661 for the three months ended March 31, 2007 for a decrease of $4,963 or 18%. This decrease was due to the termination of the part-time support employee.
ASII had a net income for the three months ended March 31, 2008 of $7,550,887 and a net loss for the three months ended March 31, 2007 of $(193,942). This is an decrease in net (loss) of $(7,744.839) . This was primarily due to the change fair value of derivative liability.
Net cash used in operating activities for the three months ended March 31, 2008 and the three months ended March 31, 2007 was $110,362 and $101,135, respectively. The increase in cash used in operating activities for the three months ended March 31, 2008 was $9,227.
Net cash used in investing activities was $10,526 and $12,326 for the three months ended March 31, 2008 and the three months ended March 31, 2007 respectively. This increase was due in part to updating computers and computer software operating systems.
Net cash used in financing activities was $(0) and ($3,000) for the three months ended March 31, 2008 and the three months ended March 31, 2007, respectively.
No change in outstanding shares from April to May '08
Shares issued & outstanding - 1,379,407,800 as of May 13th, 2008
I stand behind that statement. that doesn't mean I haven't and won't continue to make money on this stock.
where's the feature? I searched their website, it shows nothing but the Press Release about their being a feature.
"GREM USA (OTCBB: GRMU) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced that the Company will be featured in a future issue of Premier Guitar Magazine ("Premier"), the industry's only complete and fully accessible online guitar magazine."
----> IN A FUTURE ISSUE. It certainly didn't come out on April 4th when they weren't there at the factory until April 2nd IMO.