posted
hmm...no 10Q today I guess. Should be sometime soon though. Looking for sales of an undisclosed amt. of guitars.
Posts: 960 | Registered: Sep 2005
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GREM USA Completes Purchase of Building GREM USA (OTCBB:GRMU) announced today that the Company has completed the purchase of a 40,000 square foot building in Fort Wayne, Indiana.
The Company closed on the manufacturing facility, which is located at 315 E. Wallace Street in Fort Wayne, IN, on November 9, 2005. The facility was purchased for 273 million shares of the Company's restricted common stock (Rule 144) and the Company has executed a mortgage guaranteeing a value of $300,000 on or before November 8, 2008 to the seller. The Company's accountants have placed a book value of $300,300 on the facility.
Edward Miers, President/CEO of GREM USA, stated, "GREM intends to honor the leases of the current occupants in the building through the remainder of 2005. This will provide us with the opportunity to continue operating out of our present facility and afford us the time to manage an efficient move into the new building. I believe the new manufacturing facility will provide the company with the additional adequate space to accommodate our transition into a mass-producer of electric and acoustic guitars."
Posts: 960 | Registered: Sep 2005
| IP: Logged |
GREM USA Completes Purchase of Building GREM USA (OTCBB:GRMU) announced today that the Company has completed the purchase of a 40,000 square foot building in Fort Wayne, Indiana.
The Company closed on the manufacturing facility, which is located at 315 E. Wallace Street in Fort Wayne, IN, on November 9, 2005. The facility was purchased for 273 million shares of the Company's restricted common stock (Rule 144) and the Company has executed a mortgage guaranteeing a value of $300,000 on or before November 8, 2008 to the seller. The Company's accountants have placed a book value of $300,300 on the facility.
Edward Miers, President/CEO of GREM USA, stated, "GREM intends to honor the leases of the current occupants in the building through the remainder of 2005. This will provide us with the opportunity to continue operating out of our present facility and afford us the time to manage an efficient move into the new building. I believe the new manufacturing facility will provide the company with the additional adequate space to accommodate our transition into a mass-producer of electric and acoustic guitars."
Posts: 960 | Registered: Sep 2005
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posted
depends on how you look at it. . .cash on hand and deposits are good. Assets are up from last year at this time. The market doesn't seem to be kind this morning tho...a little time will tell.
Posts: 960 | Registered: Sep 2005
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posted
very due. Last month, i got in at .0017 and got out at .0033 was fun. If i had another 1000 bucks, i would get another 1M now. I got in the other day at .0015.
-------------------- Army guy just trying to make a few bucks.... Posts: 293 | From: Rhode Island | Registered: Oct 2005
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