Allstocks.com's Bulletin Board: PRRM NEWS!! 10% Forward Split!

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Posted by rickpic on :

Prime Rate Investors Inc. Announces 10% Forward Stock Split
Business Wire - July 29, 2004 08:00

CORAL GABLES, Fla., Jul 29, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (Pink Sheets:PRRM) announces that the Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date.

The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida which is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans". The company has a web site http://www.prrm.us

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.

SOURCE: Prime Rate Investors, Inc.

Prime Rate Investors, Inc., Coral Gables
Richard Astrom, 786/236-6434
Fax: 305/666-3994 http://www.prrm.us
E-mail: nres74@hotmail.com

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Great news! Im holding 4.8% of the O/S here!
Good Luck
Rick

Posted by Back~in on :

Once again Rick thanks again and again and again for your picks. You truly are the man...

Posted by Spinoff on :

awesome rickpic...i'll be gettin some hopefully...thanks!!!

Posted by Spinoff on :

oh yeh rickpic. I'm sure you have seen GXXL's forward split too, but whatcha think about that stock?

Posted by Back~in on :

Too bad about VRMD though. That R/S was not expected at all. Are you still in that one?

Posted by Spinoff on :

Not sure about rickpic, but I'm not I got out of it a few days after gettin in it. I've been on a severe losing streak this year and patience has cost me a ton so I don't have anymore. I only give it a few days now then pull if not going my way....this year sux

Posted by Back~in on :

I lost big time on AFRR. I could have made money on this, but I just got too greedy and did not sell soon enough. Live and learn I guess.

Posted by Back~in on :

double post?

[This message has been edited by Back~in (edited July 29, 2004).]

Posted by duke4734 on :

y is it down so much today?