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Well - this should allay any fear of r/s (a la ground fog) - although it leaves open the possibility for more dilution. I'll take more dilution over r/s in most cases. Even with dilution, there is the likelihood of a pop or two in share price in the next month or so. A r/s usually kills a stock at these levels.
GMSC NEWS!!!!!
Thursday, May 10 2007 12:59 PM, GMT-05:00
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Grand Entertainment & Music, Inc. Recaps Big Lou's Spring Success
Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 05/10/07 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) is pleased to announce that Big Lou had a busy and successful Spring, and is looking to culminate that success with the release of his first mixtape under DJ Kay Slay.
Big Lou has finished recording his first mixtape under DJ Kay Slay and the Street Sweepers label. The production is due out next week. All tracks have been recorded and are now being mixed and mastered. The new release will be titled "Playtime is Over." All songs on this release were written by the Lost City artist.
While finishing up his much anticipated mixtape, the buzz about Big Lou continued as he sold out shows and turned heads with his performances. Last month, for the first time in the history of the label, all of the Street Sweepers artists were brought together for a one night only performance. Xanadu Nightclub was the place to be as Big Lou, Papoose, Vein the Empress, and Hedonis the Amazon all performed in front of 3,000+ fans in Philadelphia.
Despite all of the shows, interviews, and work on his upcoming release, Big Lou also found himself in the recording studio with Dr. Dre's protégé artist Joell Ortiz. The Aftermath/Interscope label artist Joell Ortiz invited Big Lou to record a collaboration. The release "Latin Assassins" has hit radio airwaves, and is currently on major radio stations throughout the country. The single is in top demand all over college campuses, and by DJs from the U.S., Canada, the U.K., France, and Tokyo. Fans can hear the track on Big Lou's MySpace page (http://www.myspace.com/biglouthespanishfrankwhite) or on HipHopGame.com (the largest hip hop website on the net). "Latin Assassins" received over 10,000 hits within 24 hours of being posted on HipHopGame.com, and had received over 9,000 hits on Big Lou's MySpace page since it was posted two weeks ago.
"The response to Lou's collaboration with Joell Ortiz is just astonishing," stated Frank Urban, Big Lou's manager. "This entire month has been incredible. The Street Sweepers show in Philly was probably the best show I have ever seen. The crowd response was tremendous. We are excited about the release of 'Playtime is Over.' The tracks on the mixtape are unreal. Fans will definitely not be disappointed. The release of Lou's production with DJ Kay Slay couldn't have come at a better time, as Lou gains international recognition from his collaboration with Joell Ortiz. That single had introduced a lot of people to Big Lou's talent and lyrical abilities. People all over the world want to know who Big Lou is. It's only a matter of time before Big Lou explodes on the rap and music scene."
About Grand Entertainment & Music, Inc.
Based in Montreal, Canada and incorporated in November 1998, the Company is an independent music entity that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, The Company's multi-million dollar studio, Cherry Studios, has produced voice-overs and sound tracks for commercials and film. In addition, Cherry Studios has also produced thousands of recordings and has to its credit a total of 23 gold and platinum albums. GEM has recently found success in the reggaeton market with its signature artist, Qbanito. Qbanito's debut album has already generated a #1 hit in Canada and is currently being marketed by Universal Music in Europe. Grand Entertainment also controls exclusive rights to vast catalogues of previously unreleased recordings from Cuban music archives. In November 2006, Grand Entertainment acquired half of Lost City Records, adding a half dozen award-winning artists, including rising rap star Big Lou, and a 500+ song catalogue to Grand's existing assets. In addition, the company will continue to focus on growth through acquisitions over the next twelve months in an effort to reach its mission of becoming a premier production, recording, publishing, and internet distribution company.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Grand Entertainment and Music, Inc.
Investor Relations
(866) 795-4366
IR@Gmsc-info.com
www.gmsc-info.com
GMSC - Communication w/co. - now is time to buy IMO - .0001 x .0002:
Posted by: MF03
In reply to: Americands who wrote msg# 3074
Date:5/9/2007 6:57:21 PM
Post #of 3105
Holy crap some of the stuff he said was because of me. Read this!
--------------
ME:
Greetings.
It's been a stressful month with GMSC throwing shares into the market,
and it seems you haven't updated us on anything in over a month. Is
the company in trouble? Will you be releasing any updates soon?
XXXX
--------------
IR:
Thanks for your email. We are currently working on some positive
developments that we will announce as soon as we are able to.
Thanks
Investor Relations
866 795 4366
--------------
ME:
No offense but that response doesn't help at all. From what I hear,
you respond to everyone like this.
How did Big Lou do at the summit?
--------------
IR:
I can see how some may interpret my answers to be vague at times. Many
people write me asking me to tell them things that I just cannot tell
such as non public information. As you can imagine, I cannot and will
not do that. The answer I gave you is totally accurate and truthful.
We have a good track record for putting out press releases and we are
working on developments that will be announced soon. To answer your
question about Big Lou, the summit was a huge success. A lot more will
be reported on Big Lou and his develpoments very soon. He is a very
talented young man that is close to taking his stardom to a whole new
level.
Thanks Call us anytime
Good response - shows integrity
Now's the time to do that
GMSC - buying opp. - .0001 x .0002
This is the time to load up IMO - look at EFGO, SMAS, ILCO, ILGY, CTTJ - many others - get 'em when nobody else wants 'em.
To get the same market cap as Jan. 1 (when the price was .005), our share price would have to be .00097 - so it is probably oversold now.
EDITED
Looking forward to a good ride on this one.
Made me homesick - LMAO
Picked up GMSC @.0002 - now GET TO WORK!! (Thanks)
I've got a .0002 order in - go ahead and hit it - thanks in advance.
I hear ya - just going with the momo here - agreed also - .10 - no way - but .002 - quite possibly.
It's all at the ask in the last half hour or so.
SMAS - Good luck - there are some fairly credible posters talking about this being "just the beginning"
Did you manage to sell yet?
OK genius - we passed .0004 this morning, and now we are more than double that on this low-floater
.0040
Thanks - good info.
SMAS still looking pretty strong
That does not seem too bad at all.
So - why is this thing running?
.007 holding for now - they dropped the bid to .005 a couple times today, but no biters.
ABSD showing some life - looks like it found a bottom.
Have we found a bottom here?
Ask getting hit EOD
"willy chop Pole" - LMAO
Thanks - nice spread - LOL
TVCE surged this afternoon on an amended filing.
Nope - I guess not!
This is actually not a bad question - on the flip side, I have not heard anyone mention that the share structure would change in any way.
LOL - the .0375 bid was mine - I have put it up and cancelled it a couple of times today - indecision!
FS would be no more than 2.5 to 1 w/o increase in AS
We just want facts, not things the "will help boost the price" - unless, of course, it is factual.
rebel - keep taking out the trash, please!
Anyone have an intraday chart? Thanks.
Thank you - I followed your posts on PMCL, too - great DD and contributions. Many thanks for all of it.
When was the R/S announced? Thanks
and 200 mil. a/s according to ibox
I came close to buying in today, as the chart looks like PMCL, but this part of 10-K makes it sound like dilution is in the future:
We Will Need to Raise Additional Capital to Finance Operations
Our operations have relied almost entirely on external financing to fund our operations. Such financing has historically come from a combination of borrowings from and sale of common stock and convertible debentures to third parties. We will need to raise additional capital to fund our anticipated operating expenses and future expansion. Among other things, external financing will be required to cover our operating costs. We cannot assure you that financing whether from external sources or related parties will be available if needed or on favorable terms. The sale of our common stock to raise capital may cause dilution to our existing shareholders. Our inability to obtain adequate financing will result in the need to curtail business operations. Any of these events would be materially harmful to our business and may result in a lower stock price.
Any contrary opinions on this?