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Author Topic: GMZC - WHAT'S GOING ON HERE
fjean
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what's up with GMZC?

I can't even get a quote on them? Did they pack it in or just sank below .0000000000001?

ANYONE


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RevDew1
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Symbol change today!
Found this for today so far.

Press Release Source: GEMZ Corp.

GEMZ Corp. Enters Nanotechnology Business
Monday May 24, 7:30 am ET
FORMS NANOTECHNOLOGY SUBSIDIARY, ANNOUNCES SIGNED LETTER OF INTENT WITH TERRA SOLAR DEVELOPMENT CORP. AND EFFECTS CONSOLIDATION OF COMMON STOCK

NEW YORK--(BUSINESS WIRE)--May 24, 2004-- GEMZ Corp., (OTC: GMZP - News) announced today that it had formed a wholly-owned subsidiary, International Nanotechnology Corporation (INC) and that it had signed a letter of intent with Terra Solar Development Corp., a leading developer of photovoltaic and nanocell technology. The acquisition will be paid for with newly issued Preferred stock that under Rule 144 must be held for at least one year.

In connection with the acquisition the Board of Directors approved a consolidation, on the basis of one for one hundred, of the common stock of GEMZ Corp. fractional shares will be rounded up to the next highest number of integral shares and no fractional shares will be issued. The NASD has approved the new trading symbol for the stock effective today as GMZP.

Post the consolidation, there will be ten million shares authorized, 7.5 million shares outstanding, and about 6 million shares in the float.

Upon completion of the acquisition, Dr. Zoltan Kiss will become Chief Executive Officer of INC. Dr. Kiss is a noted inventor, with over thirty patents to his credit. He is the father of the LCD watch and his work has garnered major support from US and European governments, including the National Renewable Energy Laboratory, a part of the Department of Energy (see http://www.nrel.gov/ncpv/pdfs/tf_energy.pdf)

About GEMZ Corp.

GEMZ Corp. is a publicly traded company located in New York City. The Company is a designer and distributor of karat gold jewelry in the United States. Its Consumer website is www.ucji.com. Its new corporate website will be www.GEMZCORP.COM.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Other risks are reflected in GEMZ Corp.'s filings with the Securities and Exchange Commission.
Contact:

GEMZ Corp.
Keneth Lowman, 917-969-5147
gemzcorp@yahoo.com

[This message has been edited by RevDew1 (edited May 24, 2004).]


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fjean
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It That good news or bad
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fjean
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I had 100,000 shares of GMZC .... I WONDER HOW MUCH DO I HAVE NOW? OR DO I EVEN HAVE SHARES OF THE NEW STOCK SYMBOL...
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RevDew1
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I have 130000 shares.
I'm still trying to figure this out.
I need one of you pros to figure
it out if this is good or not.
Kind of appears good.

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RevDew1
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From what I'm getting
out of it, but I'm no PRO.
Is they are consoladating
Terra Solar Development Corp
and GMZC together and forming
GMZP and here is the part
I don't care for is
one for one hundred.

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RevDew1
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QUOTE: GEMZ CORPORATION (OTO : GMZP)
*Market Closed
Last Trade Time : May 24, 2004 15:52 EST Refresh
Last Sale
0.0150 Open 0.0300

Change -0.025 Prev. Close 0.0400

% Change -62.50% Tick Type EVEN

Volume 504,800 Shares (last trade) 50,000

Day High 0.1000 52 Week High 20.0000

Day Low 0.0150 52 Week Low 0.0300

Bid N/A Ask N/A

Bid Size N/A Ask Size N/A

# Trades 36 Industry N/A


Fundamental Data
P/E N/A Market Cap (m) N/A

Earnings/Share N/A Shares Out. (m) N/A

Dividend per share N/A Exchange OTO

Current Div. Yield N/A Ex Dividend Date N/A

NYSE and AMEX data delayed 20 min. All other exchanges delayed 15 min

PRESS RELEASES: GEMZ CORPORATION (OTO : GMZP)


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roger7485
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Today you had a reverse split. Split adjusted the price of your initial shares is now .00015. If you bought 100000 shares at .0004, you now have 1000 shares at .04. Usually with an R/S you lose so much of your initial investment that it might be wise just to hold and see what pans out.
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will
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Well, the way I read is:
You get 1 share of GMZP for every 100 shares of GEMZ you held.
So 100,000 shares of GEMZ, becomes 1,000 shares of GMZP.
It closed at .015, what was the PPS for GEMZ before the split?

"Board of Directors approved a consolidation, on the basis of one for one hundred, of the common stock of GEMZ Corp."

quote:
Originally posted by fjean:
I had 100,000 shares of GMZC .... I WONDER HOW MUCH DO I HAVE NOW? OR DO I EVEN HAVE SHARES OF THE NEW STOCK SYMBOL...


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RevDew1
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I have to hold from the
way it appears to be now!

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RevDew1
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Do you guys think
this will turn out to be
better in the long run or no?

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roger7485
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Well, if this was the first R/S they have had then it would be different. This thing has already R/S'd 5 times now. They just keep R/Sing the stock and then diluting it into subpenny land. Maybe they will change their ways this time, but for some reason I doubt it.
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RevDew1
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roger7485:
Thanks, Looks like
it will sit with
my GWDL in for ever land.
Thanks again.

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fjean
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"Post the consolidation, there will be ten million shares authorized, 7.5 million shares outstanding, and about 6 million shares in the float."

If those numbers are correct why would they do a reverse split again. How low do they want to go on the float. I'll wait and see what happens but if these folks are trying to steal my CHEESE, I will $%*#(#@ all of them. They better figure out what they really want or else


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will
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I think they stole your CHEESE, go $%*#(#@ all of them. I don't own any, but you have my permission.
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roger7485
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fjean, the number of shares is low for now. But they can start up the printing press again....they always have.
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fjean
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GMZP is on a flight back up
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