Ed must have thought that nobody would actually try to verify his phony "merger talks". Now there's suddenly a non disclosure aggreement and he wants everyone to stop trying to substantiate his hype. GOOD GRIEF this S8eddy is a hoot!
GREM USA Releases Additional Information Regarding Ongoing Merger Discussions
GREM USA (OTCBB: GRMU) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today released additional information regarding the Company's previously-announced introductory merger talks.
The Company is appreciative of the overwhelming show of support it has received, from emails and telephone calls, following the disclosure that GREM was commencing introductory merger talks with a top-tier guitar manufacturer. Due to the volume of communication we received, the Company wishes to address the more frequent inquiries from shareholders so that others who were unable to contact us may also understand the developments more clearly.
The Company has received numerous inquiries as to the identity of the proposed merger candidate, and has become aware that some shareholders have even telephoned the offices of manufacturers seeking comment on the Company press release. While the Company acknowledges the importance of independent research, management wishes to advise shareholders that under existing non-disclosure agreements (NDA), the potential merger partner would be unable to legally confirm the existence of any talks with GREM altogether. The Company is working towards creating an agreement whereby GREM may publicly disclose this information in the future.
Some shareholders have also asked the Company to clarify its statement that a successful merger would require a share consolidation. Investors should be apprised that such a consolidation would only occur after a definitive agreement has been signed by both parties, and would occur with a simultaneous change of control of the Company. Because of the very large difference in market capitalization between the two companies, shareholders would benefit from what would likely be a favorable arbitrage. In a share consolidation, the value of one's holdings should not change, and in respect to a completed merger transaction, it is likely the market would reflect a capitalization more appropriate for the income, assets, and business prospects of the merger candidate. The Company has no current plans to undertake a share consolidation outside of one that would be required to complete a merger transaction and complete change of control.
Individuals who have contacted third-party instrument manufacturers regarding the Company's merger plans are formally asked to cease this activity. Disrupting the business of third-party manufacturers wholly unrelated to GREM USA does not benefit the Company or its shareholders. Although by no means a desired course of action, any individuals attempting to interfere with the Company's merger discussions will be assumed to intend financial harm on the Company and its shareholders, and will face legal action. The Company is working within a process to provide additional transparency regarding merger developments, and shareholders are kindly asked to remain patient until further information is able to be announced.
About GREM USA
