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Your post Toon LOL...
Actually this part (sorry!)
"I was hoping me and RMP could try to make that happen, but nobody seems interested in hearing what G has to say when he's in the hotseat."
You'd think our very dear friend RMP would have been all over this kind of positive suggestion, wouldn't you?
Toon, that should tell you something... It sure isn't for lack of being very slick with words!
RMDG, a good example of what would REALLY help the pps, and more importantly restore some of the company's credibility on Wall Street:
~GMSC...Grand Entertainment & Music, Inc. Announces Share Retirement
Oct 26, 2006 9:45:00 AM
MONTREAL -- (MARKET WIRE) -- 10/26/06 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) is pleased to announce that it has entered into several securities retirement agreements with company officers, directors, and consultants.
Grand Entertainment is finalizing the agreements and instructions to the transfer agent this week. Barring any unforeseen events, these shares should be cancelled and returned back into treasury by the end of next week. These agreements will retire approximately 43,233,334 shares, and will reduce the total outstanding share count by more than 10%. The company is continuing to meet with other shareholders and trying to work out similar agreements in an effort to reduce the outstanding share count as much as possible.
President, Fred Berlin, stated, "As we announced earlier this week, I met with several key players last weekend and discussed future corporate strategy for Grand Entertainment. We are all committed to increasing shareholder value, and the retirement of shares is one of the best ways to accomplish this goal." Berlin went on to say, "This reduction is a great start, but it is by no means the end of these actions. We were forced to issue more stock than we originally intended in our effort to ensure proper funding to grow our company. This was unfortunately necessary at the time; however, we are now making it up to our shareholder partners. We believe with our ongoing efforts we will be able to reduce the outstanding shares by a larger percentage in the upcoming weeks. As always, we will keep the investing public advised of these decisions."
About Grand Entertainment & Music, Inc.
Based in Montreal and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
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
NSMG I called the TA on 10/19/2006. I was very surprised to see that the company may have overestimated the number of new shares they say they would have to issue (early September PR)
A/S unchanged (200 Mil)
Float unchanged (about 28 mil)
O/S up to 66,695,194 from 65,624,876
Looks like they only added ABOUT ONE MILLION SHARES.
Sorry I diodn't post this earlier, just saw my notes LOL.
Just pointing out a few facts santa. There are more, but I won't go there. The guy's replies have been speaking volumes... re-read them, they speak for themselves.
BTW I like your country very much, I hope things will get better soon and all peacefully over there.
Thanks M. Dunno why my message was deleted, I really did appreciate the update. It looks like some here don't have much of a sense of humor.
Anybody who wants to see the post feel free to just PM me.
Well well quelle surprise realmuzikplayer, you did not answer my question, just as I predicted. As you know full well, any of us can call the TA. I was asking what numbers YOU get NOW from your very good pal at RMDG, ya know, our CEO? THE ONE YOU TALK TO AND DO BUSINESS WITH ALL THE TIME.
There wouldn't have been any dilution lately by any chance? Nah...
Our CEO wouldn't have engaged in another 504 now that the last one's effects might have been forgotten (they haven't, as the market's reaction abundantly shows)? Nah...
What's hilarious is that going back to the board I saw you had pretended to put me on iggy (post # 6023, 10/19/2006.) It's safe to say you will do the same with Sirdeth, another legit RMDG holder (well... bagholder like most of us) who was simply asking you about the company offices which of course you should know VERY well if as you claim, YOU TALK TO AND DO BUSINESS WITH GEORGIO COSTONIS ALL THE TIME (In FACT, in the post I am replying to, you go as far as using the term "we" as all can see.)
Or is it just too weird to have to ask for "an appointment" (with yourself) to see the RMDG offices?
You my friend have been showing your true colors.
Oh and BTW, may I suggest you cut the crapola with personal attacks and insults. Not only are you not necessarily the brightest bulb on this board (in fact, some of us see straight through you) but I have been here long enough to know that this kind of behavior isn't exactly what IHUB strives for. Keep this up and you might find yourself out of the loop faster than RMDG can put out a fluff PR...
Viva SULJIAGRA !!!
Speaking of "removing your foot from your mouth" I think this board is still waiting on the follow up on your posting what you would get the numbers on the REAL A/S count, my "brother" (post #6042)
Board, am I right we would all love to get an accurate picture of O/S and float as well?
And who better than you RMP?
My guess is we'll get nothing.
Good news (potentially) this morning. Still trading at .0007 though.
Just check Edgar... or ask AllinPETARinone LOL.
Somebody needs to tell him that a CIK # is required to file SLJB with Edgar. As of 11 AM he still hadn't taken that very simple step.
OT - I am just one of, I am CERTAIN, tens of millions of parents who would like to see the CEOs of these companies in jail, where they belong. There comes a time when the "free market" becomes an excuse for absolutely anything, and in this case, it clearly is products that enrich a few and result in many deaths each year. These folks encourage wide-scale crime and violence of the type mankind had only seen in the worst wars, they themselves are criminals, pure and simple. But they are the mastermind type, which is much worse.
CM, I don't know your company or products but I can assure you there's a very big market out there for what you allude to. Go for it, you might be surprised at how many of us would buy good alternatives.
I was wondering how the pps had been sustained, over the last 2 days especially, I've been in this type of situation countless times and seen a lot of downward driftage.
Now we know, they were all buying during the FUD.
"CEO finally has the Fins" from SLJB moderator, almost 20 hours ago.
"Posted by: Waverider110
In reply to: None Date:10/19/2006 8:33:53 PM
Post #of 8022
SLJB- the CEO finally has the Fins, but
what he does with them and when is another matter.
It is not wise to alienate the CEO. Especially when he has Wessal to keep him safe and sound."
LINK: http://www.investorshub.com/boards/read_msg.asp?message_id=14146424
I just got to my PC and saw this.
Well Chu, the SLJB mod crew, err.... TEAM is really something else indeed.
Look at this, posted over 19 HOURS AGO on the Friendly Money board, and NEVER posted on the guy's own SLJB board. The hilarious thing is, the flock has been putting out over 1,000 drivel posts sionce and not ONE person seems to have noticed this.
This is the BIG news all SLJB have been waiting for, but he won't post it on his own board... Yesterday they trashed me and others for saying just the same thing, that the CEO would sit on the AFs (my info does come from different sources.) A friend called me to say the guy's also been sending PMs and emails to all his buddies, they've been loading all day LOL.
"Posted by: Waverider110
In reply to: None Date:10/19/2006 8:33:53 PM
Post #of 8022
SLJB- the CEO finally has the Fins, but
what he does with them and when is another matter.
It is not wise to alienate the CEO. Especially when he has Wessal to keep him safe and sound. "
NICE GUY EH.
I do not see this statement, which should be a huge piece of news for us shareholders, anywhere on the SLJB board which you co-moderate. What gives?
You think SLJB's CEO has ever heard of CIK codes? In light of what I've seen the past few weeks I have to wonder...
Hype & Dilution. Big time.
Well wait til next week then LOL.
Maybe. I believe they got Higgins on board in great part to help with this though. I wouldn't surprise me if he was asked at some point to work out some kind of JV arrangement both to position the company better vis a vis the competition and help with the basic bottom line.
Indeed asus. Nothing I hear says that, in fact if anything the signals are that SLJB has ways to go.
Not necessarily a bad thing though.
Booch I concur. Now that the NOBO list has been (very quickly) used by a number of pinkie cos and scamsters the concept has lost a tremendous amount of bite.
It IS a good tool, but only when/if used with others, and if the whole package hits the bad guys by surprise. Right now it's the only way to fight NSS (which I don't believe is a serious problem with RMDG.)
cash I don't have time to check right now but it's not exactly what I would call a bad sign LOL.
I believe you are right but I also believe a major storm MIGHT bring only a short pop. by not following up responsibly on the September PR about new shares and move to OTCBB, the co has dug a big hole for the pps, not to mention its credibility. That has changed a lot of things.
I see some light bidwhacking on very low volume (only about 20 K worth traded yesterday!) that's all. People trying to load on the cheap just in case.
"keep all opinions to myself here" sounds like a mode I need to revert to. I usually don't post public anyway and I do not appreciate spending time sharing info only to see my posts deleted. I will keep what I hear to myself.
You are way out of line. I most likely have been in this stock for longer than you and most here, and I have not sold a share.
What are you talking about?
Vic, AFs by Thanksgiving is something that floated around a while back, I'll admit that I didn't give that very much thought THEN.
But given what I know now, technically you are absolutely correct, it could be as long as another 4-6 weeks for Wessal to purchase the other 1/3rd - 1/2, or whatever the balance is.
Thanks for correcting me.
Timeframe IMPRESSION, definitely, that would be the operative word SB. Note that while "auditors" was used, the term "Audited Financials" was not. Vague, deliberate wording but also smart CYA job with the "With any luck we will have time to review the documents" sentence which sounds positive but will never be verifiable. Ask somedody who's done audits for public companies, there's tremendous leeway for the company as far as what they do once an audit is completed. When and how it's released is totally up to them.
PV indeed doesn't seem to care at all about what the likes of us penny players think about his efficacy. If he did, among many other things there would have been a strongly-worded email or call from him to the "webmaster" DAYS AGO to update the site content (copying sections from the old site would take about 5 minutes) and correct the glaring amateurish mistakes that make SLJB look like anything but a half-billion dollar company. Anyway, it's crystal-clear to me that he answers not to us but to those who put him in place for a short period of time.
Growing pains!
Skid... I know Art. He's not RMP.
Hope this helps.
Ed SLJB is not a reporting company, not yet. As a pinkie they can do totally as they please here. IMHO it would be totally foolish of them to PR "we've bought X million shares so far" in this particular situation. Once the company is fully reporting they will have majority control anyway.
Be careful with labeling these "big block buys," I don't think that it has been THIS consistent, but more importantly I once had a mentor (highly experienced investor) tell me that unless you were right there next to all the MMs (and who could possibly be?) there's absolutely no way to be conclusive with this. There's what they actually do, and there is what they want us to see. Yes, it's probably illegal, but then so is much of what's going on in business all around the world.
SB, have a very close look at the 10/06 letter.
My understanding is that the PTB were not too happy about that. That confused, angry, unprofessional, long-winded stuff angered many shareholders, completely killed the momentum and the volume just died in days.
You just can't buy tens of millions of cheap shares on the market on low or no volume.
You are right "He knows better" in this case he knows better than committing to an AF release date (he didn't.) And he did a very good job of creating volume again.
Ed LOL that's an awful big amount of shares to buy... and they need to also be mindful of market actions and reactions (volume, flippers, MMs, etc.) so it's not that simple.
More importantly though, we Westerners make a big mistake if we think they need to get this done yesterday. The clock just doesn't seem to run at the same speed over there.
He did not have a choice.
That would be fine with me but I don't think so. Care to revise your statement one or X weeks from now, Snips?
another 3-6 weeks?
I suppose that is possible but that is not what I posted. I do agree that it would allow Wessal to get their share balance at a very reasonable price. Seems like a fair assessment to me.
HA! Thanks Lak, I knew this rang a bell, I must have DD'd that one way back when I got into ABTG. They are doing well, but I believe the potential % gain is considerably higher here.
Nice to see after several years that ABTG is getting it together (maybe management VERY high pay was for something after all LOL.)
When the co gets there (sales and volume production) which looks imminent now, this stock certainly will have no business trading below a buck. I think there's a good chance the market will recognize that.
ONE of the benefits can be seen via very simple math:
Say you have bought 75 million shares and you've got another 50 million shares to buy.
Your cost at 12 cents: 6 million dollars
Your cost at a buck: 50 million dollars
Billionaires do not get rich by buying high and selling low...
You are right, PV has not addressed some of the crucial questions, he would be a fool to.
As SP has pointed out many times, know what you own.
No precise time frame from sources, but please see my previous post, I think some real smart cookies might be able to get close.
Look at the volume late last week Confuzzled1... now look at the volume after this latest PR which as some correctly pointed out, was just an excuse for this weird, apparently totally irrelevant paragraph about the "documents..."
Do you see it now?