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Author Topic: GRMU - broke through upward trend!
live2trade
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If it keeps up the pace it will be a runner again tomorrow as well. Check out the volume and the price WOW!!! Gapper on the am!!! JMHO

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lukin4winners
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Looks like it's for real. Should be a few day runner with that great news today about the $10 possible order for guitars. Hearing more news this week upcoming....
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a surfer
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http://stockcharts.com/charts/gallery.html?grmu
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Apollyon
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.0019/.002 flying
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Apollyon
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.002
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JimSC
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0.0012
Some diluting problem.

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lukin4winners
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GRMU news just out and it looks very promising in the near term... at recent lows it could move from here....GREM USA Provides Update on $10M Sales Agreement; in Negotiations to Offer GREM-Branded Guitar Pickups
Mar 25, 2008 3:04:00 PM
View Additional ProfilesFORT WAYNE, IN -- (MARKET WIRE) -- 03/25/08 -- GREM USA (OTCBB: GRMU) ("GREM," "The Company"), an emerging leader in the design and manufacturing of custom hand-crafted and mass produced electric guitars, today provided an update regarding the previously announced $10M sales agreement currently being negotiated between GREM and a major US musical instrument retailer ("Retailer").

The Company and the Retailer have had continued and productive discussions over the last several weeks and GREM management expects that a definitive agreement will be reached and finalized in the near term. Outstanding areas of negotiation are primarily related to the quantity of guitars GREM could provide the Retailer relative to the maximum quantity of guitars GREM could produce over a specific period altogether. While GREM management does not envision a completed agreement carrying any exclusivity rights, it has been of prime importance to balance the larger revenue potential of a nationally-recognized retailer with the intrinsic marketing value achieved through distribution to a network of smaller stores. The Company believes its current proposal offers a substantial commitment of GREM guitars to the Retailer while affording the Company flexibility to continue expanding its brand-awareness through other sales channels. If the agreement is finalized within discussed timeframes, the Company would anticipate shipment of GREM guitars under the agreement within the next 6-8 weeks. The Company expects to finance the costs associated with production under a Purchase Order Financing plan, whereby the Company would receive a loan against the Retailer's purchase order. This method of financing would eliminate any shareholder dilution as a result of the Company fulfilling this agreement.

The Company also announced that it has begun negotiations with a manufacturer of guitar pickups that would enable the Company to self-brand these pickups and concurrently receive a cost savings of up to 70% against vendors the Company has previously been using. In turn, the reduced pickup costs would significantly improve Company margins on future guitar sales, reduce expenses, and provide the Company additional control over production and delivery. If agreed as initially discussed, the Company would have the ability to expand its product offerings beyond entire guitars and to higher-margin component sales. The Company will provide relevant updates on the progress of this negotiation in a future release.

The Company affirms that as of the open of business on March 25, 2008, there continued to be approximately 238,000,000 common shares outstanding. Despite the volatility in the Company common stock, the number of outstanding shares has not changed since last disclosed in the March 19, 2008 press release. Further, the Company expects the share structure to remain consistent for at least the next several weeks, which management believes to be a reasonable foreseeable future.

The Company also would like note that in the March 19, 2008 press release it was erroneously reported that Bill Leverty was the 'former' Firehouse guitarist, when in fact Bill Leverty is a founding and current member of the band. Firehouse has nearly two-dozen confirmed 2008 tour dates currently scheduled throughout the United States, Japan, and the UK. Shareholders and music lovers alike are encouraged to visit the band's website at http://www.firehousemusic.com to view specific dates and locations.

About GREM USA

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JimSC
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Per an Ihub msg. - no dilution from
a week ago. They may take the pps up
for next cycle of dilution.

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nate
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so is this a hold or get rid of???? is it going to fall bellow .0011 or go past .002????

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nate

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Nile
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if it goes below .001 then you have a big problem... seems like it would be an easy 36% from .0011 to .0015? Any ones thoughts on this?
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lukin4winners
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Nice volume for 10:00 am est approximately 8M traded up 30%. A break of .002 would be significant at the trendline. imo let's move
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J_U_ICE
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GRMU 1-50,000 R/S
- GREM USA Common Stock
http://www.otcbb.com/asp/dividend.asp?sym_id=GRMU&dDate=3/2/2009&sDateType=ex_da te
Declaration Date:

-- Ex Date:

3/2/2009 Record Date:

-- Payment Date:

--
Dividend Type:

Reverse Split Dividend Amount:

1-50,000 R/S
Notes:

New Symbol: GREM

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The difference between genius and stupidity is that genius has its limits

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