As I understand it the deal was.. Peavey would distribute Gem product in N America if Gem would do the same with Peavey products in Italy.Then Peavey started distributing their own make of Keyboards here. Gem in turn started building Amps for Italy.
Now the "proverbial" has hit the fan.This could be only a rumor, but it makes sense.
Peavey appears to be unloading Gem stuff,
but this could also be a way of clearing a way for the new supposed Keyboards.

[This message has been edited by woodside (edited 01-10-2002).]