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Mornign sleepyheads..so who's ready for the rocket ride today. Yesterday it closed even with huge volume towards the end. This is a sign of something about to happen. I have my eye on this and a couple other plays today. Good luck trading and MMs at least have a little mercy on some of our wallets today.
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast Posts: 457 | From: Miami, Florida | Registered: May 2006
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yeah, im ready, nothing is better than a pr says buyback
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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i bet you nothing will happen to this stock,, i remember in the past , this stock was pumped by many newsletters, just be careful
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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oh well, u can't bet about something u can't control of stocks1984, just don't bash here, it's just matter of our opinions that this stock might fly because of the buyback program
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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quote:Originally posted by stocks1984: i bet you nothing will happen to this stock,, i remember in the past , this stock was pumped by many newsletters, just be careful
hey im not bashing, im just giving my opinion. will see what happens, I hope it goes up for you guys,
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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quote:Originally posted by gatorhistory: so how much of yesterday's volume do you guys suppose was part of the buyback?
they can purchase UP TO 10 percent of the days volume at the best average bid price. no more.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Well I would guess that with yesterdays volume the company could buy about 60 million today and keep this puppy active! It is yet to be seen if they intend to do that today. The wise investment for the company is right here at this level!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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my guess is tis buying right here is the company! 500000 share blocks designed not to move it up as they buy! If it is then its the right way for them to be buying!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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I'm sitting here picking apart yesterdays PR and there are a few very noteworthy statements made in this paragraph!
In further news the Company entered into a mortgage agreement in the amount of $440,000 at 9.75% interest with Interbay Funding, LLC. The financing has been collateralized by real property; and is also personally guaranteed by Mr. Miers. "Using a mortgage loan rather than other toxic financing options like convertible debentures or pipe financing shows we are serious about rapidly expanding and securing shareholder value through solid business decisions and a strong business model," stated Mr. Miers. "This will provide the Company with the necessary cash flow to begin immediate production and shipment of their product line." Mr. Miers continues to emphasize, "There will be no reverse split at this time and we see no need to increase the current share structure."
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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one is that they state there will be no RS and another is that it looks like Mr. Miers put up personal real estate to secure funding, and the last one I see that interests me most here is that he states "This will provide the Company with the necessary cash flow to begin immediate production and shipment of their product line."
This is headed up hill guys!!!!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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44 million shares traded today. Still about twice as much as the average daily volume.
It seems ARCA has been hired to sit at the top of the Bid. They haven't budged all day except for that one brief moment when bid jumped from .0008 to .0009
-------------------- Best Regards and Good Trading Posts: 239 | From: Florida City, FL | Registered: Jul 2006
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The MM's think because the A/S is high they can play there lil game here, but what many of you don't know is that when Edward Miers took over this shell and put GRMU in it the A/S was 25 billion and he has brought it down to 5 billion. Most of that is held as restricted stock by himself, and that there are many long term investors sitting on this stock! As I said before I just spent over an hour talking to the CEO here!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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At peek operations (they are still adding manufacturing space) they will net $14m annualy with just the guitars section of the company! They are about to bring in a major retailer (theres a huge hit to that in the last PR) and that should sell most if not all of what they can produce in the first 2 quarters of next year, ahead of manufacturing!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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stock1984! The CEO said that there are a very large number of what he conciders to be long term investors here! I play the market daily so I don't hold Long Term, but if I had to choose one to hold this would be on that list!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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