"This is a post from a former MM on some of teh tricks mm's play when there is a short...
Often times if a number of MM's start getting too short for comfort, on their own, MM's will gap a stock open big on light volume trying to accomplish two things. Average up their short and to sucker momentum short term players into paying up big, short them the stock higher then immediately start shorting it down to make shareholders think the "rally is over" and maybe create some panic selling. If you see this, keep your limits in lower and don't fall for that trap."
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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"I will give updates on the negotiations throughout the next 60 days."
doesn't this get tiring?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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But HOD of .0125 indicates the big gap. All i know is that i'm holding this till at least .05+.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
More GMSC NEWS: Thursday, October 19 2006 1:45 PM, EST
Grand Entertainment & Music, Inc. Offers Clarification Concerning Recent Letter of Intent
Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 10/19/06 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) would like to clarify the press release regarding the letter of intent (LOI) made earlier this morning.
Quite a few concerned shareholders have been calling the company with questions in regards to the LOI statement released earlier this morning. This LOI is just the early stages of an offer. As a company, it is in Grand Entertainment's best interest to explore all viable offers. The company is not under any contractual duty to accept the $.02 sale price, and based on recent market activity, a higher price may well be justified. As it was mentioned in the earlier statement, the company is dedicated to doing what is best for the shareholders.
"I feel that it is not good business practice to turn away potential offers before we have heard them out," stated president, Fred Berlin. "As I stated earlier, I am committed to our shareholders, and their best interest is my number one priority. I will be meeting with board members and consultants this weekend to discuss this offer further. We released the LOI statement because we felt it is important to keep our shareholders apprised of all major developments concerning the company."
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
This is what i call good business! GMSC cares for the shareholders. And like i said, many BIG buyers called the company. This is big enough for the company to release a PR for our support. GO GMSC!!!
Grand Entertainment & Music, Inc. Offers Clarification Concerning Recent Letter of Intent Thursday October 19, 1:45 pm ET
MONTREAL--(MARKET WIRE)--Oct 19, 2006 -- Grand Entertainment & Music, Inc. (Other OTC:GMSC.PK - News) would like to clarify the press release regarding the letter of intent (LOI) made earlier this morning.
ADVERTISEMENT
Quite a few concerned shareholders have been calling the company with questions in regards to the LOI statement released earlier this morning. This LOI is just the early stages of an offer. As a company, it is in Grand Entertainment's best interest to explore all viable offers. The company is not under any contractual duty to accept the $.02 sale price, and based on recent market activity, a higher price may well be justified. As it was mentioned in the earlier statement, the company is dedicated to doing what is best for the shareholders.
"I feel that it is not good business practice to turn away potential offers before we have heard them out," stated president, Fred Berlin. "As I stated earlier, I am committed to our shareholders, and their best interest is my number one priority. I will be meeting with board members and consultants this weekend to discuss this offer further. We released the LOI statement because we felt it is important to keep our shareholders apprised of all major developments concerning the company."
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM), Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
Looks like these BIG buyers are for real. They have so much power to influence the company to release another PR regarding this. They say they are stocking up on 50+ million shares and that this should reach .05.
I'm holding strong to my shares.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
Nice volume. Looks like we'll have a good last hour. Back to penny land in my opinion.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
because i'm new i am trying to learn the logic of what you all talk about....when you say that we will have a good last hour, how do you know this....or growing legs....please explain some of this stuff to me Thank you
posted
well i mean growing leg as the LL2s are looking better, by the news and the open there is a good chance we run in the last hour are EOD end of day, JMO
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
100 million shares in volume. For GMSC, 100 million is great because it is higher then previous few days averages.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
SHUT UP!! LOL, WELL I WOULD HOPE IF WE TRADED 100 MILLION SHARES ARE PPS WOULD GO UP, BUT AS YOU CAN SEE IT HAS NOT THIS IS NOT GOOD BUT YOU NEVER KNOW, STILL TIME LEFT AND THE MM COULD BE SHAKEING THIS BAD BOY HARD TO GET SHARES.JMO, AND NO COFFEE MUGS TILL 200 MILLION.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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