Majority Share acquisition of Stockli USA, LTD is expected to add more than $1.3 M in annualized revenue
(OTC.PK: PRRM) announced the company acquired a majority ownership of Stockli USA, LTD., the Denver, Colorado based distributor of Stockli skis, bikes and sportswear with ten years of operating history. Stockli is based in Wolhusen, Switzerland, where its high performance line of skis and bicycles are manufactured. Stockli Ski USA is the exclusive distributor of Stockli skis, bikes and sportswear in the U.S. Stockli supplies bikes and skis for the respective Swiss National teams, and produces signature series of pro-model skis for world class free skiers including Scot Schmidt and Dominique Perret. Schmidt pioneered "extreme" skiing in North America and is Stockli USA's primary athlete as well as head of the U.S. research and development team. "I am proud of the direction we are taking Stockli, and excited to participate in its overall expansion," enthused Schmidt. Stockli USA President Nicholas Sprung asserted, "The resources that Prime Rate Investors brings to Stockli USA will allow us to capitalize on the growing demand for Stockli, while increasing the brand's overall presence in North America." Prime Rate Investors management noted the acquisition will be accretive to earnings and is expected to add more than $1.3 million in annualized revenues.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company and producer of "Backcountry TV."
posted
going to move real soon-great news today and a lot more expected-and best part of all is Since there is no more diluition, when we get some more news, more and more will buy at .0002-and most of the mm's sitting at .0002 are fake, in other words they have no shares available at .0002-they are just sitting at .0002 with the other mm's. there are about 4 big player mm's in this stock. so to make my thoughts short, when we see some good .0002 buying pressure-most mm's will move their ask up quickly, a few holders want just a double at .0002, but not many-jmho
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posted
PRRM-why I think this will move soon, When new management bought PRRM, there was some old debt from prior owners of PRRM that had to be paid off first of all. that debt conversion is completely done now- so when good news comes like today-there will be no more dilution to hold it down. when .0002 buying pressure increases, the ask will UT fairly quick because all the mm's at the ask do not have shares available at .0002. they are just sitting there along with the 4 or 5 major mm's in this stock-as always-jmho
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posted
It is not a bad company but its not a huge company neither. This is not GE or even Alltel for that matter. Yes it can make money and yes its expanding but with 58 billion o/s and 25 billion float it doesn't matter if the dilution is over or not. Share structure will need to change for this to move much at all but not sure it can move. But subs do strange things sometimes but still this will need a huge influx of investors to dry up float to move this. But to say this is a good buy is wrong. Maybe a pipe dream at best.
-------------------- Invest with your brain not with your heart.
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posted
from RB----------- themountnman 31 Mar 2005, 09:15 PM EST Msg. 31962 of 31962 Jump to msg. # haldol
"Should be seeing some .0003s really soon!!"
That and then some. Didn't happen overnight but it happened. The new PRRM has arrived.
Earnings...
$1,300,000 x 9% = $117,000
$117,000 x PRRM percent ownership interest
$117,000 x majority ownership interest
Don't know the precise details as yet but obviously a significant addition to PRRM's bottom line. We closed the most important deal to date. And speakin' of earnings, the whole idea of the Stockli deal is mutual benefit. The fact that the alliance with PRRM facilitates significantly growing those earnings...
"overall expansion"
"capitalize on the growing demand for Stockli"
"increasing the brand's overall presence in North America"
None too difficult to figure the N'east angle either. A major milestone and a 5-year plan. Things are most definitely comin' together nicely. And speakin' of comin' together...
Things at market level are indeed gonna be interestin' from this point forward. The grossly undervalued situation just took a giant step. With N'east and Skiershop yet to come. And I'd be willing to bet that today's news is gonna invite a hell of a lot more institutional level interest/investment. Today was huge on a fundamental level for sure but even more importantly it amounted to management proving themselves and the company they created in a big way. Today was a huge shot in the arm for all concerned in that it cemented the competency of management and the realness of the company they run. And we as shareholders couldn't ask for more.
Again as for market level? Things are most definitely gonna start heatin' up. Today's news is what a great many have been waitin’ for as partially evidenced by the .0002 late session action. The standing .0002 sell orders? What percentage of same were cancelled today? Will be cancelled? The reality of an investment in PRRM as of today sinks in. Big time. Debt conversion done with and the MMs start to play nice. The pps/undervalued situation is obviously one of timing. Accumulation at the ask tomorrow and beyond? When has such seemed more likely?
spewky...
“Dan has been pretty much honest apart from the skieshop thing which is again not a big deal whether it was his own shop or someone else's, the most important is that skieshop has revenue and profit to be added to PRRM profile.”
No dishonesty. None. Just a matter of a little careful DD. That’s all. Revenue and profit? AND profit. Precisely. Too many folks focused on revenues. Investors AND company management re the OTC in general. Revenues alone aren't the answer. Cash flows and earnings are. PRRM’s business plan? The external growth? All about value-adding. The internal growth? The revenues enhancement? Gonna be pursued in the absence of a positive bottom line reflection? Dan and crew know what they’re doin’. They’re well experienced. They’re buildin’ a nationwide empire. A self-sustaining one. The crux.
Skiershop and N’east are on the way. And once phase one closes I for one am lookin’ forward to learnin’ more about those so far mentioned phase two M&A targets. Mr. Kopp is on board. Are those phase two targets comin’ sooner than later?
Oh and on the reply front you’re welcome.
snake...
If there’s any celebrity I physically resemble to any degree whatsoever it’s definitely Bob Redford. I’m taller for sure but the hair and eyes are definitely right. I can remember a couple of years ago at the gym some guy totally unknown to me walked over and told me I looked like Redford. Right outta the blue. Told me he’d actually met the guy just recently. Somethin’ to do with a screening of some sort. As for Chuck Norris? Can’t say I physically resemble the guy much but I have practiced martial arts since a teenager. Taekwondo. A Korean form of karate. My best friend from my university years is at the Master level (7th degree). As for glasses? Don’t wear glasses. As for...
“Now, which one of us is closest?”
I'd say that dream of yours was somewhat of a psychic dream.
Really struck me when I read your post.
Met...
“A big thanks to Dan our CEO for a job well done. A very nice pr today with a mention of revenues! You go Dan!!!”
An excellent post.
Credit where it’s due. I echo your well-placed sentiments totally.
With respect to management we couldn’t ask for better.
posted
.....and how long has it bounced from the old .0001 / .0002, and what makes you think there's a time limit on the, 1 - 2 , buckle my shoe. It mght be a year before anyone is right or wrong. With 50+ B O/S, I have to lean toward Ric's position.
quote:Originally posted by eddy: Ric-I guess in a few weeks one of us is going to be wrong big time.-G/L
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
PRRM-current view- 1-No reverse as stated in a PR. 2-Upfront management, they will actually talk to investors. 3-Majority of outstanding is restricted for 1-2 years. 4-2 stations owned. 5-2 stations they manage. 6-They have finalized the Stockli purchase. 7-near future they will finalize Skiershop deal. 8-near future they will finalize North East magazine deal. 9-In talks with Comcast for 2 Colorado stations. 10-In the process of a name and symbol change. 11- will participate in the 2005-06 "Mountain Top Ski and Snowboard Series," syndicated nationwide. 12-Deal with Nickelodeon. 13-Deal with Miramax Films and Artisan Entertainment. 14-Even thought it is not required, they are releasing financials in mid April. 15-There are a lot more reasons to be long on PRRM, but these are a few. G/L
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That still doesn't make there stock worth anything when it has that huge, and it is huge, o/s. Big investors don't invest money in a 58 billion o/s. They do look at numbers before investing and they make the market. Price moves when tradable float dries up. And this ones float is so massive it will never dry up and maintain it. Could a large group move this real briefly. Could happen but even groups look at o/s and float before they get in. And I never heard of a group even consider a stock with this massive of a o/s.
-------------------- Invest with your brain not with your heart.
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posted
This is actually a company that a r/s would work good for. All they need is a promise not to dilute after the r/s or maybe have it were major dilution must be approved by 2/3 of the stockholders instead of 51%. What ever it takes. This is a good company and with a 100:1 r/s and a 580 million o/s this company could go places. R/s is only bad when abused for continued dilution. It has got a bad name from companies like afrt but they are available for a purpose. If all r/s was bad then the SEC would close that function. The company needs to step up for the investor. Do a r/s and quit dilution. Start fresh with new management and make this worth investing in. But with a 58 billion o/s this will never move anytime soon. JMHO
Ric
-------------------- Invest with your brain not with your heart.
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posted
looks like buying at .0001 is over--if you are holding long there is 149 long members on the PRRM yahoo board. If interested-go to groups search and search for PRRM2
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posted
great post on another board----------------------------------------------------------------------------------- on Today at 3:35pm, enickma wrote:
I can't speak for bobky's prrm strategy besides saying I know he's long enough to start a yahoo long board. I'm Definately long on this. I don't trust the volume at the current levels to try flipping this stock. I doubt we could get back in @.0001 at this point...much less when there's enough demand @.0002 for us to execute a sell order. A month or so ago I think anybody could've picked up or sold as much as they wanted for .0001...we saw days with volume over 1 billion all at .0001, and I think in the near future you'll be able to sell all you want @.0002 but now with things ready to pop, closing loi's, prrm soon to release financials and name change and such...Nobody is really sure what to expect as an appropriate share value...all we know is that we're undervalued. I really think we're going to run very soon...and with myself being normally of an optimistic nature I probably fall in the high end of most folks predictions on future pps. Haven't we heard of Dan referring to PRRM as a five year plan?....and also saying at the end of last year that .0007 was a conservative estimate of where pps should be (when we had significantly less earnings/revenue generating assets than we do now) we're all looking at later this month to start some serious pps movement, but what will the pps look like 4 years down the road??....the stockli pr specifically says that the stockli acquisition will be "accreditive to earnings" not revenue...that's a really good sign that we're seeing the word earnings and not revenue used in that situation. management has said that they will not reverse split but what if they reduce the number of A/S as happened with their coffee biz?what then? We're not too sure what phase 2 will involve besides increasing value of acquired targets from phase 1. We don't have alot of PRRM....wish we had more...only about 4 million shares...there are alot of folks out there that have dropped alot more grip into this than we have. As far as what we are looking at in terms of highs and lows and target pps levels it depends on what happens and when..If we see pps hit .01 we'll probably try to sell a million or so cause you're talking about $10,000 from an initial $100 investment... and that's doin well no matter how you look at it...there are plenty of people who will laugh at that .01 figure due to prrm's current share structure...but I wouldn't be surprised to see the share structure change for the better in the near future. All I'm saying is that I'm gonna try to keep myself calm and not sell anything when we're seeing .00X prices because I think we can rise above that in time. Being as we now have a functional company out of what was originally a wothless shell and no one knows what is appropriate in terms of market valuation, we would like to hang on to at least a million shares throughout this "five year plan" just to see where it ends up. of course these opinoins are IMO and subject to change based on what happens in the next few weeks, and after
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posted
No R/S and they bought 89% of Stockli. This is good news.
bobky Senior Member
I love HSM!
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Posts: 562 Re: ***PRRM - News & DD Part III*** « Reply #61 on: Today at 3:19pm » Quote Modify
-------------------------------------------------------------------------------- Did not get to ask all the questions-it would have taken 2 hours, here is what I did find out------------------ Dan just called me back, got a few answers. He is going to CA. again next week. Everyone was wondering about the financials, he said he had hoped to put out the financials by now, but he wanted to wait until NE. and Skiershop were fully closed. He said he was trying to get everything closed and financials done by the end of the month, but looking realisticaly it would be more like the first or second week of may. But financials would definately come out. As far as becoming a fully reporting company, he said they were researching it. I asked about what happened to the Comcast deal? He said they are still in negotions with Comcast. As far as the name change, they have narrowed to around 1/2 of dozen names, and they are researching the availablity of the names and symbols. The way I took it, they will pr. the names and let the shareholders be involved in picking the name change as soon as they research them all. He thought the name change would be pretty quick, they wanted to get it done. I asked about the pr. that said NO REVERSE. He said no reverse, even on the new name change, the pr. covered the old name and the new name. So we can put the reverse question to rest, even on a name change. I asked what % did they buy of Stockli, And I liked his answer, they bought 89% of Stockli. They are not going to merge with SYNS. Dan said he has bought stock personaly, several times. Several of us wanted to know about the old NHGP-divvy of people who bought after 9-28-04 but before 10-15-04 -I really did not understand it, it was kind of legal glitch, but the best I could understand the divvy would be handled by NHGP themselves. Someone with more legal knowledge, would have to find out exactly about the 9-28 to 10-15 divvys- Which I hope someone can find out, because I bought a lot of PRRM during that time frame also. He is trying to buy companies with strong revenue, that can add to PRRM now, not 5 years from now. He said he had paperwork on his desk of at least 3 companies wanting to be bought out by PRRM, but Dan said it does make since to buy any company, for just the sake of buying a company. Dan wants companies that are producing now, and can be made to produce a lot more in a short time frame, not 5-10 years from now. Sorry that is about all I found out, I know there were a lot more questions on the list, but it seemed to me while I was talking to Dan, that I had taken up enough of his time already. Maybe some of the other shareholders that call him, can find out more, if not, I will try again after his trip to CA. next week.
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posted
April 25, 2005 08:13 AM US Pacific Timezone
Prime Rate Investors, Inc. Confirms No Reverse Split upon Name and Symbol Change
STOWE, Vt.--(BUSINESS WIRE)--April 25, 2005--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it is deliberating the appropriateness of several corporate names as submitted by shareholders. The company had previously announced its intention to assume a new name, inviting shareholders to enter submissions at www.prrm.info. While this assessment is underway, the company is still accepting suggestions on the website. The company is offering a weekend getaway to Smuggler's Notch Resort in Jeffersonville, VT to the individual whose suggestion is adopted by the company.
In response to shareholder concerns regarding a reverse split, management reiterated that there will be no reverse split upon the finalization of the company's name change.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contacts
Prime Rate Investors, Inc. Dan Burgess, 802-253-0199 info@stowetv10.com http://www.stowetv10.com
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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posted
Stockholders are holding this back. They blame everyone else but they are the cause. Complaining of a r/s when in the case of this company is not only needed but will never move without it.
If after the last LOI's are complete and the dilution is completed. I think they should do a 100:1 r/s along with the name change. This make us around 600 million o/s and the company could now promote itself as a legit company. No real Wall Street investor would even think about touching a 60 billion o/s company no matter how good a business model they have. We need the big boys to move this company into the next level. And a r/s is the only thing to do that. There is no way that the company can do a buyback anytime soon so all your doing is holding your money in something that doesn't move other then investing in something that can. Until they take the stock structure seriously then this is dead. And a r/s is needed real bad if you would really think about it. 60 billion makes people run away even daytraders won't touch this.
-------------------- Invest with your brain not with your heart.
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posted
OK here is a question. Why do people keep selling their shares as soon as the ask gets to .0002. Let see they are buying it 0001 and .0002 but still selling it at .0001?
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posted
no ones selling at .0002 except MM's. Thats the ask on a good day but more then likely its not even .0002 but rather .00015 being rounded up. No ones been able to sell this since last July at .0002 or above. Since then they have diluted to where it can't move.
-------------------- Invest with your brain not with your heart.
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posted
Yes I am saying that when the ask is .0002 they sell at .0001. then the ask goes back to .0001 again and the cycle starts all over again. Someone must be making cash somehow on shorting this or something.
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