Grand Entertainment & Music Inc (GMSC)

[2024]

GMSC Share Cancellation Proceeding

Outstanding shares are now 383,797,792

1st. Global Stock Transfer
702 656-4919

More share cancellations to come:

"In a corporate press release dated October 26th, Grand Entertainment announced that it would be retiring over 40 million shares back into treasury. These shares have been sent to the transfer agent for cancellation. This action will reduce the outstanding share count to approximately 385 million. In addition to these shares, the company is pleased to be announcing that it has successfully negotiated the retirement of an additional 64,130,499 shares. All agreements and documents are being finalized and are in the process of being sent to the transfer agent. This move will reduce the total outstanding share count by more than 15%. The company anticipates announcing similar retirement agreements in the near future.

President Fred Berlin stated, 'As we announced last week, I have been meeting with several key players to discuss our strategy for the future of Grand Entertainment. We are continuing our promise to bring down the outstanding share count, and we are committed to increasing shareholder value. We will continue to retire shares until we reach our goals outlined in last week's newsletter.'"

http://biz.yahoo.com/iw/061102/0179370.html?printer=1